First gazette notice for compulsory strike-off

[hasawan]

Hi,

I incorporated a limited company last year but was never able to do any business. I never opened any business account. Never filed confirmation statements or company tax account because never traded. I have received first compulsory strike off notice. I want to dissolve the company because I no longer want it. I don't want to contact companies house because I want the company to dissolve and have no money to pay penalties. Are there any consequences for me as a director if I let the company compulsory strike off? Will I be allowed to be director in future?

Thanks

 

[Frank Wessely]

Based on your narrative, the answers to your two questions are No and Yes.

 

[hasawan]

Thanks Frank for your response. So if i understand it correctly, there are not any consequences for a Director if the company has never traded or owe any money. Also, i should be allowed to be a director of new company, if i form a new company in future with a new business idea. Thanks for your help!

 

[Frank Wessely]

Yes, that's correct, based on your summary.

My pleasure.

 

[fisicx]

@Frank Wessely - should I need an overdraft or loan on my new company would they consider the compulsory strike-off? Could it make me a more risky proposition?

 

[Fagin2021]

Not entirely on topic but here's a cautionary tale...

I have an old company that's been chugging along since 2002. The company has a bank business account and a business credit card. It's never had a loan or overdraft and the credit card has always been paid off in full and on time.

Due to a cock-up/misunderstanding with the accountant the company accounts weren't filed with CH and a First Gazette Notice issued. This was quickly cancelled but not before Expedia had picked up on it.

Next thing I know the bank writes to say the credit card limit has been reduced by 90% with immediate effect. Caused a load of hassle because the card is used for several important recurring transactions.

I was a bit miffed about this because you'd think, after 20 years perfect performance, the bank might have had the courtesy to enquire what had happened. But no. I guess it's the times we live in now.

 

[fisicx]

What was my point - banks are very risk averse. My wife works in credit insurance and said it will affect your credit rating so there are consequences.