Dissolved Company owed money

[Goose]

Hi, I'm looking for some advice. We dissolved our company last year voluntarily due to ill health. We didn't owe any money and it was all very easy. However in the year prior to dissolution we made a large investment into another company totally unrelated to us and have been trying to get this money back amicably. The company director has basically told us to go away as our company no longer exists. Is there a way to recover this money? We have proof it was paid and what for but unfortunately didn't pursue it at great length due to health problems and hoped it could be sorted in an amicable manner. It clearly can't. If we were to reinstate the company can we pursue it? Do we need to reinstate to pursue? Any advice would be great. Thank you

[EnglandPi]

You say you dissolved your company. If your company was a limited company, it cannot be reinstated under the same company number.

Even if you opened a company with the same name, it would be a separate limited company and therefore would have no relationship with the dissolved company as both companies would be separate legal entities.

[R0b]

You can restore a dissolved company and then pursue that other company but it is not cheap to do so. You need to make an application to the court, the government's Treasury Solicitor department needs to be informed and you will need to pay their fees too. Of course even if you do restore the company, there is no guarantee you could recover the money.

You will need to weigh up whether the cost of restoring the company and pursuing a legal action is offset against what is owed.

As it stands however, the company is dissolved and legally does not exist anymore, so you cannot sue that company without restoring the dissolved one.

[EnglandPi]

You can restore a dissolved company and then pursue that other company but it is not cheap to do so. You need to make an application to the court, the government's Treasury Solicitor department needs to be informed and you will need to pay their fees too. Of course even if you do restore the company, there is no guarantee you could recover the money.

You will need to weigh up whether the cost of restoring the company and pursuing a legal action is offset against what is owed.

As it stands however, the company is dissolved and legally does not exist anymore, so you cannot sue that company without restoring the dissolved one.

Thanks Rob, I learn something new every day with this forum.

[R0b]

Thanks Rob, I learn something new every day with is forum.

No problem, more info below if you wish to know more. Looks like it is cheaper tha it used to be if you can be successful by filing the administrative restoration form. Previously you had to go through the courts.

https://www.gov.uk/restore-dissolved-company

[Goose]

Briil

[Goose]

Meant to write, brilliant, thank you!