Accelerated strike-off
In March 2015 The Small Business, Enterprise and Employment Act received Royal Assent. The implementation of the act will be rolled out in stages, with some parts already in effect.
As of October 2015, the time provisioned to strike off an incorporated company if it is no longer carrying on business will be reduced.
The new accelerated strike-off process seeks to obtain the balance between removing a defunct company and allowing any creditors sufficient time to file an objection.
Under previous legislation, if no objection was filed, a company was struck off in no less than 3 months following receipt of notice published in The Gazette. Under the new schedule, the company will be struck off in no fewer than 2 months from publication of the Gazette notice.
This measure will expedite the process of registering a company name that is in active proposal to strike-off. However, if youre trying to block your company from being struck off, it is now even more important to keep your record up to date.
If an objection is raised to a company being struck off, you now have 2 months to file such objection, rather than 3.
Companies House will not republish a first Gazette notice once a legitimate objection has expired. If you previously relied on this as a prompt to renew such an objection. Companies House now wish to make it clear that this will no longer happen. All objections need to filed within the two month notice period.
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