Strike out — getting rid of companies that are no longer required

Got a company you no longer need? Maybe it’s a group subsidiary that ceased trading long ago or a vehicle set up for a joint venture that never got off the starting blocks. Perhaps it’s time to think about getting rid of the company, freeing yourself of the ongoing burden of administration that comes with all corporate entities.

Every company, even a dormant one, is required to: (1) file an annual return at Companies House each year, accompanied by the relevant fee; (2) file accounts at Companies House each year (subject to certain exceptions for wholly owned group subsidiaries where the parent agrees to guarantee all the liabilities of the subsidiary); and (3) maintain various company records.

While these requirements are not overly burdensome, they can easily be forgotten where the company is dormant. The company could incur penalties where documents are not filed and the directors will continue to be subject to fiduciary duties and other potential liabilities…

Click on the link below to read the rest of the Gateley briefing.

Sign in or Register to continue reading this article

Sign in


It's quick, easy and free!

It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.

Register now

Why register to The Lawyer


Industry insight

In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.


Market intelligence

Identify the major players and business opportunities within a particular region through our series of free, special reports.


Email newsletters

Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.

More relevant to you

To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.

Briefings from Gateley Plc

View more briefings from Gateley Plc

Analysis from The Lawyer

View more analysis from The Lawyer


111 Edmund Street
B3 2HJ

Turnover (£m): 71.70
No. of lawyers: 406