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Involuntary strike off - chance of disqualification?

  • 02-09-2016 10:43am
    #1
    fermtri
    Registered Users, Registered Users 2 Posts: 10 ✭


    Query - company set up in the south, never traded, no longer needed, never submitted annual returns, complete oversight, used to UK system which is more relaxed. There are now warnings that a fine of 1,200 is due and involuntary strike off is pending - my question is, how likely is it that the director would be pursued and disqualified off the back of this? It is mentioned as a possibility, but in practice does it happen for offences of this nature?


Comments

  • #2
    dbran
    Registered Users, Registered Users 2 Posts: 2,094 ✭✭✭dbran


    Hi

    In practice, not likely. In the future who knows.

    The real cost is in terms of reputation. Suppose I want to go into business with you or anything else commercial for that matter.

    The first thing I do is a search of your name on the CRO,

    Low an behold, a string of abandoned companies, no returns, no accounts, not even properly shut down companies, just abandoned.

    What does that say about you as a business person and your latest bright idea.

    And the longer you leave it the more costly it is to fix.

    Regards


    dbran


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