Company Restoration

An application for Administrative Restoration form RT01 must be completed and sent to the registrar. This must include a statement of compliance detailing the applicant’s legal entitlement to make the application and stating that all conditions for administrative restoration are met. A Bona Vacantia [Vacant Property] waiver letter must be obtained from the relevant crown representative at an applicable fee. All penalties outstanding including late accounts filing penalty must be paid in full with all outstanding accounts and Confirmation Statements delivered when submitting Form RT01.

Our fees cover the registrar’s fee for processing Form RT01 at £100. The Bona Vacantia [Vacant Property] waiver fee at a minimum of £60. Up to 3 Confirmation Statements overdue at a minimum of £40 per outstanding year. Any outstanding late filing fee incurred before the company was dissolved would have to be paid severally by the applicant. This is not covered in the fees. Please note that late filing penalty fees can be as high as £1,500 if the company was late in filing it’s annual accounts for more than 6 months at a time.

Accountants, Estate Agents, Solicitors, and other professionals including Formation Agents such as ourselves are required by law-The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 and previous Money Laundering Regulations to check proof of ID and Address. We are required to carry out digital ID checks on our customers and most do not have to do anything else except complete the online formation form. A very minute percentage of our customers may need to supply further information if they fail the digital ID tests or are not eligible for one.

Our Company Restoration Service has no hidden costs. The cost of the service is as stated. We charge £495.00 plus VAT for the service. You must however be aware that our Company Restoration Service is limited to a maximum of three outstanding Confirmation Statements, any further outstanding paper Confirmation Statement would be invoiced separately at £59.89 plus VAT. Our fee is also not inclusive of any outstanding late filing penalties incurred by the company before it was dissolved or struck off the public register. Anyone may access this service as it is not restricted to companies incorporated by us.