Lindfield by the Pond
Well-known member
Stretching my poor old memory back, I can't think of anything since last Tuesday........
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[Football] Premier League club has striking off order from Registrar of Companies. Who could it be?
- Thread starter El Presidente
- Start date
Stretching my poor old memory back, I can't think of anything since last Tuesday........
Gazwag
5 millionth post poster
Any money they have in the bank will go to the crown for starters
So no punishment then.
Arkwright
Arkwright
What starters do they have in The Crown, do like a prawn cocktail.
fozzie's paper boy
New member
This is very interesting, wondered if it might just be some form of restructuring, but it would appear not - there could be trouble ahead...
In some cases, striking off a company is not a voluntary procedure, but something instigated by Companies House. The Companies Act 2006 (S1000) requires Companies House to send at least two late payment notices to the registered company address first, but if these are not responded to the next step will be the publication of a ‘Strike of Notice’ in the Gazette, the official journal of public record. This notice will state that, unless reason to the contrary is demonstrated, the company will be struck off the register two months from the date of the publication of the notice. Once it is struck off the register another notice to that effect will be published in the Gazette, after which point the company will be dissolved.
Compulsory Strike off Consequences
As stated above, not every company dissolution is voluntary. If directors do not file their accounts and fail to reply to warnings from Companies House, businesses can be struck off the Companies House register and will cease to exist, even if they are still trading. There can be serious consequences for directors of companies dissolved in this way. That includes:
The company will cease to exist as a legal entity from the date of dissolution;
The assets of the company will become the property of the Crown;
Banks will be unwilling to provide finance and future contracts with customers and suppliers will be at risk;
The directors of companies that have been struck off involuntarily could be disqualified from acting as a director for a period of up to 15 years;
If the company does continue to trade then the company directors and shareholders will be doing so without the protection of limited liability and could be held personally liable for company debts.
In some cases, striking off a company is not a voluntary procedure, but something instigated by Companies House. The Companies Act 2006 (S1000) requires Companies House to send at least two late payment notices to the registered company address first, but if these are not responded to the next step will be the publication of a ‘Strike of Notice’ in the Gazette, the official journal of public record. This notice will state that, unless reason to the contrary is demonstrated, the company will be struck off the register two months from the date of the publication of the notice. Once it is struck off the register another notice to that effect will be published in the Gazette, after which point the company will be dissolved.
Compulsory Strike off Consequences
As stated above, not every company dissolution is voluntary. If directors do not file their accounts and fail to reply to warnings from Companies House, businesses can be struck off the Companies House register and will cease to exist, even if they are still trading. There can be serious consequences for directors of companies dissolved in this way. That includes:
The company will cease to exist as a legal entity from the date of dissolution;
The assets of the company will become the property of the Crown;
Banks will be unwilling to provide finance and future contracts with customers and suppliers will be at risk;
The directors of companies that have been struck off involuntarily could be disqualified from acting as a director for a period of up to 15 years;
If the company does continue to trade then the company directors and shareholders will be doing so without the protection of limited liability and could be held personally liable for company debts.
It's so quiet you'd be forgiven for assuming they'd lost their first 7 games to zero.
Knocked out of the FA Cup in the 3rd round.
While the only season highlight was finishing above us, a fact that came as absolutely no surprise to anyone on here.
If only there was some way of finding out the price of such glory?
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What gives, eh? What gives?
Red'n'Blue
New member
- Jan 6, 2011
- 1,626
Hi.
I'm sure Kieran could explain that this is not actually anything that serious, but then again that would not suit his obvious agenda. It's a shame as he could have even let us know what it could mean. Keep up the good work mate, we need financial insight such as this.
Green Cross Code Man
Wunt be druv
If you look hard enough elsewhere, he does explain what it may mean.
Blue Valkyrie
Not seen such Bravery!
Always the victims, never their fault.
BadFish
Huge Member
- Oct 19, 2003
- 18,201
Its the Palace business model isn't it. I mean come on they are nearly 10 years old now.
BadFish
Huge Member
- Oct 19, 2003
- 18,201
Only sing (post) when they are winning. I suspect they will be as quiet as they have been all season.
Colonel Angus
New member
They start again under a new name and without a care in The World.
Green Cross Code Man
Wunt be druv
And tell us of their rich history.
'We 'avent bin art ov the top too leagues frew the corse ov are istry!'