Crown/treasury takes your assets if you close company

razorproductions

I recently closed my company with £600 in the account.  I was completely shocked to discover that the crown/treasury just took this money out of my business account and closed the bank account.
There should be some kind of warning or communication to tell you they are going to do this.

born_again

Did you owe them anything?

Exodi

Do you owe tax?

p00hsticks

Before closing a company you really need to bring in all assets, pay off all debts and then pay out any shareholders so there is no money left ...

Companies house do say that when you dissolve a company you will lose access to company bank accounts.  
You can apply to have the company restored but it'll cost you £100
Strike off your limited company from the Companies Register: Overview - GOV.UK (www.gov.uk)

lincroft1710

razorproductions said:

I recently closed my company with £600 in the account.  I was completely shocked to discover that the crown/treasury just took this money out of my business account and closed the bank account.
There should be some kind of warning or communication to tell you they are going to do this.

There is

https://www.gov.uk/claiming-money-or-property-from-dissolved-company

35har1old

razorproductions said:

I recently closed my company with £600 in the account.  I was completely shocked to discover that the crown/treasury just took this money out of my business account and closed the bank account.
There should be some kind of warning or communication to tell you they are going to do this.

Once you dissolve a company any remaining assets  pass to the Crown so you effectively signed over your bank account to them.
Had a example where a  building company had employed a management company to look after some of the green spaces on a development the company has since cease trading and it was not clear whether the leases had been passed to the management company that where demanding the payments yearly but might not have the rights to do this