Accelerated strike-off information added to SBEEA 2015 - October 2015

Whats new?

An update on the implementation of the Small Business, Enterprise and Employment Act 2015 (SBEEA 2015) adds October 2015 as the timescale for the application of accelerated strike-off, ie the time it takes to strike a company off the register if it's not carrying on business or operation.

 Summary

The strike-off process aims for the right balance between removing a defunct company from the register and allowing creditors time to register an objection.

Currently, if no objection is received, the company is struck off not less than three months after publication of the first Gazette notice. Under the new timescales, the company will be struck off not less than two months from publication of the first Gazette notice.

Source: Press Release: The Small Business, Enterprise and Employment Act is here--Updated September 2015

Relevant Articles
Area of Interest