Q&As

A company has submitted dormant accounts despite continuing to trade, and now has judgment against it in relation to unpaid debts. Has it committed an offence by continuing to trade whilst dormant?

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Published on LexisPSL on 29/06/2018

The following Corporate Q&A provides comprehensive and up to date legal information covering:

  • A company has submitted dormant accounts despite continuing to trade, and now has judgment against it in relation to unpaid debts. Has it committed an offence by continuing to trade whilst dormant?

A company cannot choose when or whether it is dormant. Whether or not a company is dormant depends on whether there have been any significant accounting transactions (section 1169

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