London (PRWEB UK) 21 February 2014
Experienced company formations and restorations agency eFormations have seen a trend in their customer base which indicates that Companies House are acting more quickly to strike companies off the register for failing to file annual returns, and a strong demand for their company restoration services as a result. Limited companies are required by law to file annual returns one year after incorporation, and accounts by 21 months after their incorporation date, and failure to file these can be seen by Companies House as an indication that the company has ceased trading and should therefore be struck off.
Managing Director of eFormations, Bal Chowdhary said: “While there was a time that Companies House would tend to wait until the accounts were late before taking action to strike off, we are now seeing many clients who come to us for company restorations in England and Wales after missing only their annual returns and being struck off as a result. This can be both distressing and financially difficult for those who wish to continue trading, so we recommend firstly filing your annual returns and accounts in plenty of time, and secondly taking prompt advice from experts on company restoration if it should happen to you.”
Whilst it is very rare, eFormations have also seen cases where Companies House had struck off companies in error; through prompt action they were able to assist the companies in question in being restored to the register, however no compensation was made for financial losses made in the interim. Ms Chowdhary continued: “It is vital to act promptly on any paperwork or letters that you receive from Companies House, as they are required to provide notification before striking a company off the register and this provides an opportunity to prevent unwanted dissolution.”
Based in Osterley, West London, eFormations is the internet trading name for Apex Company Services Ltd, a specialist company formations and restorations agent since 1991. The eFormations website offers customers high quality web-based tools to set up and manage a limited company, with support that includes reminders about important dates such as annual returns deadlines, to help clients stay in compliance with company law.
For more information about eFormations and their company formation and company restoration services, please visit their website at http://www.eformations.co.uk.