Q&As

Can a company that owns a property/holds an asset qualify as having always been a dormant company?

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Published on LexisPSL on 17/10/2014

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

  • Can a company that owns a property/holds an asset qualify as having always been a dormant company?

Can a company that owns a property/holds an asset qualify as having always been a dormant company?

As set out in Practice Note: Dormant companies and the dormant company exemption, under the sub-heading 'Why have a dormant company?', a dormant company may be a useful vehicle, eg:

  1. it may be given a particular company name, in order to protect that name for use in the future or simply to prevent it being used by a third party, or

  2. it may be set up to hold an asset, such as the

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