If your business is listed as dissolved on Companies House, we must restrict your business account. By law, a dissolved company stops existing as a legal entity. This means we have to withdraw your access to the account and pass any remaining funds to the Treasury Solicitor. Whilst the business is dissolved, you won't be able to operate the account. We understand this can happen intentionally or by accident, and we will help you handle the next steps smoothly.
What a dissolved status means
A dissolved company has been officially taken off the Companies House register. This can happen on purpose if you choose to close your business and stop trading, known as voluntary strike off or, it can also happen by accident, known as compulsory strike off, if a notice goes to an old address or someone misses a paperwork deadline.
Voluntary Strike-Off: The company directors have formally applied to close the business, usually by submitting a Companies House DS01 Form.
Compulsory Strike-Off: Companies House initiates the strike-off because the business has failed to meet its statutory requirements, such as missing annual accounts or failing to file a confirmation statement
A company listed as dissolved can be reinstated on the Companies House register. Once restored, the company is legally treated as though its existence had been continuous and it never closed.
What next?
If you don't plan to restore the company
We'll permanently close the account after transferring the money to the Treasury Solicitor. You can learn how this works by reading the government guide to company dissolution.
If you want to restore your company,
You can apply to reverse the dissolution through Companies House. Please get in touch with us as soon as possible to let us know you're reinstating the business. Once your business status is active again, send us a message in the app, and we'll look into reopening your account.