Involuntary Strike-Off

Tipp-Boy

Hello All,
I have a LTD company and for reasons I'll keep to myself there were no annual accounts filed. Now the company is in process of being involuntary struck-off. To be clear there are no outstanding creditors and it has effectively ceased trading -- In order for me to make the annual returns and avoid being stuck off it would cost in the region of €3000 (CRO fines and professional fees). Our intention is not to trade again so I'm thinking of just leaving the involuntary strike off continue. I know that directors will be disqualified for a number of years which although not ideal we don't envisage starting another company again. In terms of costs - what is the likelihood of the ODCE following us for High Court costs? And has anyone any experience of this process and the likely costs as I'd need to way up the costs vs €3k for stopping the process.

Thanks in advance

This is going to sound harsh but it's important to be clear:

You haven't got a clue what you're talking about here. You should speak to a solicitor. Anyone good on company stuff (even a company secretarial shop) would be able to advise you properly and set your mind at ease.

You're not in any trouble by the sounds of it but it would be 100% worth it to speak to a professional and be appropriately advised

Tipp-Boy

I appreciate the response (if not the tone), the reason for posting was to get some information from an experienced person if they have actually gone through this process.

Tipp-Boy

Tipp-Boy wrote: »

I appreciate the response (if not the tone), the reason for posting was to get some information from an experienced person if they have actually gone through this process.

You see you could be confusing one of 3 different processes and nobody here can advise you anyway since it is a real life situation and thus any advice would be in violation of the charter.

However speaking with a modicum of experience it would definitely be worth speaking to a professional as they can advise you very well in this arena and I think it will put your mind at ease.

capefear

Hi.

Has the company any assets?
Was the 3k a quote you got?
Has there every been any accounts submitted?
Have any revenue returns been submitted?

Tipp-Boy

No assets at all, no creditors (I personally paid any creditors).
The 3k estimate would be paying the CRO fine for late return plus audit fee
We have accounts filed to 2011 so missing 2012