Reopening a company vs open a new one

[Jessica@WhiteFieldTax]

Sounds interesting!
Could you please let me know who are your accountants? (you can drop me a private message if you prefer)

I doubt it matters - my accountants offer the service of having their office as the registered office for the company, so they must do it all the time.

I think just about every accountant offers that. Some may charge for it some don't

[Goggy]

Thanks a lot for all your answers guys!

[sthotakura]

Similar Situation

Hi,

I am in a similar situation. I had registered a company sometime in 2008 (didnt opt for FRS). The company only traded for a year and after that it was put in DORMANT state. Finally, I dissolved that company last year (Nov 2012). I now have got another contract opportunity and planning to create a new company. Would I face any problems such as '2 companies in one financial year' ?

Thanks in advance

[Nathan SJD Accountancy]

Hi,

I am in a similar situation. I had registered a company sometime in 2008 (didnt opt for FRS). The company only traded for a year and after that it was put in DORMANT state. Finally, I dissolved that company last year (Nov 2012). I now have got another contract opportunity and planning to create a new company. Would I face any problems such as '2 companies in one financial year' ?

Thanks in advance

Can't see any issue with it at all.

I am assuming that the first company you dissolved settled all of its liabilities to HMRC etc?

Just out of interest, why did you close the 1st company down?

[BolshieBastard]

Hi,

I am in a similar situation. I had registered a company sometime in 2008 (didnt opt for FRS). The company only traded for a year and after that it was put in DORMANT state. Finally, I dissolved that company last year (Nov 2012). I now have got another contract opportunity and planning to create a new company. Would I face any problems such as '2 companies in one financial year' ?

Thanks in advance

You can register as many companies as you want at any time AFAIA and be a director of them providing you are not barred etc.

[sthotakura]

Can't see any issue with it at all.

I am assuming that the first company you dissolved settled all of its liabilities to HMRC etc?

Just out of interest, why did you close the 1st company down?

Thanks for your reply. There was fine of £375 for filing accounts late. I called up HMRC to discuss and they said since the company has not been trading since 2009, they suggested me to dissolve the company so that the fine would die along with the company. Do you see any problem here now?

[Nathan SJD Accountancy]

Thanks for your reply. There was fine of £375 for filing accounts late. I called up HMRC to discuss and they said since the company has not been trading since 2009, they suggested me to dissolve the company so that the fine would die along with the company. Do you see any problem here now?

Nope. As long as the company had settled all liabilities, I can see no issue with opening another company.

The £375.00 penalty was for Companies House though right? Why call HMRC?

[sthotakura]

The £375.00 penalty was for Companies House though right? Why call HMRC?

Sorry, I must have been confused.