📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Bona Vacantia over 4 years ago, any advice appreciated.


My company was dissolved in 2019 after I failed to submit accounts. I had stopped trading but failed to close down the company properly and moved country so didn't know until my account was seized in Bona Vacantia.

Around the same time I had an illness and couldn't deal with it which seemed complicated at the time. Since then life has been difficult mentally, I tried to receive some support from friends but I really need to do it myself.

The amount in my account was over 10k and I owed half of that as tax at the time.

Bona Vacantia advised that I can reinstate the company with Companies House but will have to pay 3k in late filing charges as it's been 4 years. On top of that administration charges and the crown will take a percentage of the amount taken from the account.

I don't have the money to pay all the charges to reinstate the company, but I can probably borrow ahead of hopefully freeing up the money in my account. Filing for bankrupcy I've been told isn't a good idea.

I could apply to appeal the charges under the excuse of ill health but not many of these appeals are successful.

Does anyone have any advice as how I could solve this issue with minimal costs? 


Comments

  • Kteeteee
    Kteeteee Posts: 7 Forumite
    Part of the Furniture First Post Combo Breaker
    I have been told that I could apply for a court order. Does anyone have any experience in this?
  • TripleH
    TripleH Posts: 3,188 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Is it worth the time and effort for about 2K (estimated on your figures)?
    I'm not saying that isn't a lot of money but it won't be a simple process to do.
    May you find your sister soon Helli.
    Sleep well.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.5K Banking & Borrowing
  • 253.3K Reduce Debt & Boost Income
  • 453.9K Spending & Discounts
  • 244.5K Work, Benefits & Business
  • 599.8K Mortgages, Homes & Bills
  • 177.2K Life & Family
  • 258.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.