Limited companies can be struck off the Register of Companies and dissolved for a number of reasons. Once a company is dissolved, it legally cases to exist. This has a number of effects, but two in particular stand out.
First, any assets that the company had (for instance, money in a company bank account, or its rights as a tenant under a commercial lease) will be automatically transferred to the Crown.
Second, any claims that you might have wanted to bring against the company (for instance, to make a claim on any insurance that they had in place at the time) requires that the company be restored to the Register first.
Miller Samuel Hill Brown advise on:
A more detailed overview can be found in a series of previous blog posts, here.
The Litigation Lawyers at Miller Samuel Hill Brown can advise on the options most likely to achieve the best outcome. Call us on 0141 473 6745 or fill in our online contact form and we will get back to you shortly.
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