Peak Season for Company Restorations

More businesses than ever before are waking up to the danger of losing assets locked up in dormant or struck-off companies.  We have had a torrent of instructions through this month to restore companies that have been struck off the Register of Live Companies at Companies House.

Once a company has been struck off, its bank account and assets are frozen and, if unclaimed, go to the Crown. 

Companies are at risk of being struck off simply because their accounts have not been brought up to date, or the annual return has not been filed. But if assets such as a tax reclaim or money at the bank are held under the company name, they risk being frozen or lost forever, unless the company is restored under the proper procedures. 

With cash-flow more crucial than ever during a recession, companies are often in urgent need of an immediate turnaround in order to recover their valuable assets. 

The Restoration process is relatively painless, but involves Court Orders, the Treasury Solicitor, Companies House, witness statements and legal undertakings. We provide an expert service that makes the whole process as quick and easy as possible. 

Our specialist solicitor, Stefan Arestis, runs our busy portfolio of company restoration matters. Stefan provides a swift turnaround at highly favourable rates, and offers an expedited service for matters that are particularly urgent.

For more information about costs, the procedures involved or for a commercial approach to your - or your clients’ - legal concerns, please contact Stefan Arestis on 020 7749 2700 or sa@silvermansherliker.co.uk.

Or find out more by visiting www.companyrestoration.net.