What happens when you find that a Company has been dissolved and you:

  1. Want to bring a claim against it or its insurers; or
  1. The Company had an asset or you have just become aware that it is entitled to an asset.

Unfortunately you cannot bring a claim against a Company or its insurers whilst that Company remains “dissolved” and any assets that the Company had at the time of its dissolution will automatically vest in the Crown. Assets that it later becomes entitled to are unlikely to vest in the Company until it can be restored to Companies House Register.

Depending upon what your relationship or interest is/was in the Company it might be possible to restore the Company back to the Companies House Register in effect “bringing it back to life” as if it had not been dissolved in the first place. This will have the effect of re-vesting assets back in to the Company.  This normally requires an application to be made to the Court unless it is possible to deal with it through the Companies House Administrative Restoration procedure.

In most circumstances (there are a few exceptions) an application to the Court must be made within 6 years of the date of dissolution of the Company.  After that time, in most instances, it is not possible to restore a Company to the Companies House Register, and any assets of the Company will remain with the Crown for the Crown to deal with as it sees appropriate.

At Sydney Mitchell we are able to assist you in dealing with the Administrative Restoration Procedure, an application to the Court to restorre the Company to the Companies House Register or we can assist in liaising with the Government Legal Department over assets that have vested in the Crown that you would like to purchase.

Please contact Leanne Schneider-Rose on 0121 698 2200 if you require assistance with a dissolved company.

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