Small Ltd company been dissolved....

Raksha

Our Ltd company has been dissolved by Companies House - where does this leave the companies bank account (very slightly o/d due to bank charges for a service we didnt' want) and more importantly any monies due to IR?

ukbill69

The bank should visit liquidators meeting that the liquidators send out to all your suppliers, if they do not attend then you do not have to pay out.

Raksha

Thanks Bill, is there a difference between liquidation and being dissolved? We weren't away of any liquidators meeting......

LittleWoman_3

Company's are normally dissolved by companys house automatically if you don't submit accounts and annual returns for 2 years - as they presume the company is not required anymore. That is unless the company has requested to be dissolved. But if there are debts then it would be illegal for the company to request to be dissolved - therefore I presume it was done automatically by Co House for the reasons I first mentioned

In answer to your first question - If the bank account was in credit then, any money would belong to the Crown - but as it is not in credit, then the o/d and IR debts would no longer be owed by the company.

BUT the IR and the Bank should they choose to do so, could try and recover the money from anyone involved with the company as it no longer exists. However this is unlikely, but they could make life difficult in the future.