![]() ![]() Consider the following reasons as possible causes for your strike-off action being suspended: If the Companies House accepts this objection, your company will not be struck off.Ī company’s strike-off action could be suspended for several reasons, and sometimes multiple reasons apply. As such, creditors would prefer to lodge their objection beforehand and avoid this scenario, with a window of two months in which to do so. This process can be both expensive and time-consuming, often making it too costly to warrant initiating. If the company is struck off, these creditors are likely to lose their capital, with their only option for recovery being a lengthy legal process. These creditors could be lenders, contractors attempting to collect on unpaid invoices, or even HMRC. In most cases, objections will be made by a company’s outstanding creditors. Thankfully, the answer is usually quite simple. If your striking-off action is suspended, you might be wondering why this is the case. Company Strike Off Why is my company’s strike-off action suspended? If your company meets all of the above criteria, it is eligible for company strike-off action.Īlso Read: Voluntary Liquidation vs. This includes winding up petitions from your creditors. Your company is not currently facing any legal action.It must also not be currently engaged in any insolvency proceedings. ![]() Your company is not insolvent, meaning it can pay off all its debts and liabilities within 12 months.Your company has not changed its name in the past three months before your application. ![]()
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