Strike off is the removal of a company from the register so that it ceases to exist, either voluntarily or compulsorily by Companies House.
Anything the company still owns at dissolution — including money in the bank — passes to the Crown as bona vacantia. A struck-off company can generally be restored for up to six years, which is why striking off a company with debts is not the escape it appears to be.
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Related terms
- Confirmation statement — A confirmation statement is the annual filing in which a company confirms that the information Companies House holds about it is correct.
- Bona vacantia — Bona vacantia is the rule under which property left in a dissolved company passes to the Crown.
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