Closed company with bank funds confiscated!

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tractor replied

8 July 2014, 11:23
..

Originally posted by CloudWalker View Post

It's so much hassle to close a company, I wonder if its better just to empty the account and pay HMRC off when they chase you.

**If
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CloudWalker replied

8 July 2014, 10:59
It's so much hassle to close a company, I wonder if its better just to empty the account and pay HMRC off when they chase you.
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northernladuk replied

8 July 2014, 08:27
Originally posted by TheFaQQer View Post

That's what she said

Story of my life that is!
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TheFaQQer replied

8 July 2014, 08:25
Originally posted by northernladuk View Post

Ah well.. Another one pump wonder.

That's what she said
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northernladuk replied

7 July 2014, 22:38
Ah well.. Another one pump wonder.
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darrylmg replied

7 July 2014, 22:28
2.5k is less than 2.2k + 1.4k

Doesn't this mean he's insolvent? Maybe the accountant would stop the closure anyway...
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northernladuk replied

7 July 2014, 16:43
Question I have is did your accountant know you had applied to close your account?
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Clare@InTouch replied

7 July 2014, 16:21
You can apply to Companies House for an Administrative Restoration, which I believe will cost you £100. The bank should then un-freeze your funds.

Then slap your accountant for not warning you, if indeed they didn't, and ask them to deal with closing it again.
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Jimlad12 started a topic Closed company with bank funds confiscated!

7 July 2014, 14:08
Closed company with bank funds confiscated!

Hi everyone,

Apologies as the answers to my questions may be elsewhere.

I applied for closure of my ltd company in February with approximates 2.5k in a business savers account to cover tax/accountant. I finally received a letter today from my accountant and have roughly 2.2k in corporation tax to pay and 1.4k accountant fees. Having read a couple of other threads the money in the bank may be transferred to companies house and having spoken to my bank 5 minutes ago they have started this process, although it is still in one of their holding accounts.

If I am not able to reclaim this money what is the impact I am facing? As a ltd company I know it cannot affect my personal credit score, but would rather pay what I can to both HMRC and my accountant.

Any help is much appreciated. Would love to have this stressful ordeal behind me and focus on my new career.
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