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It is possible to strike off a company pursuant to Part 31 of the Companies Act 2006 (CA 2006) either:
- •
voluntarily, by the company’s directors, or
- •
by the Registrar of Companies pursuant to its powers to strike off a company
This note summarises the voluntary strike off process. For details on the Registrar's powers to strike off a company, see Practice Note: The Registrar's powers to strike off a company.
Why apply for striking off and dissolution?
Any company can apply to Companies House to be struck off the register of companies and dissolved. Some of the most common reasons why a company may wish to be struck off and dissolved are:
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it is no longer in business or operation
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it has fulfilled the purposes for which it was incorporated, or
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its parent company is carrying out a reorganisation of its group structure and wants to strike off and dissolve that company, perhaps together with other subsidiaries
When is voluntary striking off suitable?
The strike off procedure can
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Jurisdiction(s):
United Kingdom
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Related legal acts:
Key definition:
Voluntary striking off definition
What does Voluntary striking off mean?
CA 2006, Part 31 provides that a company may be struck off the register of companies and dissolved either (1) voluntarily, on application by the company (voluntary striking off), or (2) pursuant to the powers of the Registrar of Companies (mandatory striking off). Any company, whether public or private, can apply to Companies House to be struck off the register of companies and dissolved. Reasons for voluntary striking off include that the company is no longer in business or operation, has fulfilled the purposes for which it was incorporated, or its parent company is carrying out a reorganisation of its group structure and wants to strike off and dissolve that company and other subsidiaries.
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