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Top Rated Chartered Accountancy Practice Based in Suffolk, United Kingdom. Providing Services for Bookkeeping, Taxation and Corporate Compliance.

07/10/2026

One adviser. Multiple professionals. One coordinated plan.

When a company restoration involves accountants, solicitors and Crown correspondence, the process can quickly become fragmented.

That’s where clear coordination matters.

Xact+ can help keep the documents, evidence, correspondence and next steps organised, while regulated legal work remains with the appropriate solicitor.

Less duplication.
Clearer responsibilities.
One case plan.

Ask about coordinated case management.

General guidance only. Check the current rules and your company’s circumstances before taking action.

28/09/2026

Can a new company simply inherit the old company’s money? Not necessarily.

When a company is dissolved, questions around **bank accounts, assets and ownership of funds** can become more complicated than they first appear.

The key is to separate three things:

🔹 Position: Are the old and new companies separate legal entities?
🔹 Evidence: Who currently controls the account or asset?
🔹 Action: Do the legal entity details match the account and ownership records?

Before taking action, check the company’s **live Companies House status and dissolution date** and gather the relevant evidence, including statements, correspondence and ownership records.

If funds are involved, don’t assume that setting up a new company automatically transfers ownership.

**Need to understand what evidence may be relevant?**
DM **FUNDS** for an ownership checklist.

Save this post if you’re dealing with a dissolved company, frozen funds or questions about company assets.

General guidance only. Check the current rules and your company’s circumstances before taking action.

26/09/2026

Do all overdue filings have to be completed before restoration?

Not necessarily. The requirements can depend on the **restoration route, the company’s filing position and the instructions applying to the case**.

Before taking action, check:

✓ Overdue annual accounts
✓ Confirmation statements and penalties
✓ Corporation Tax records
✓ Registrar requirements
✓ Any court or legal documents

The important point is not to assume that every dissolved company follows the same filing sequence.

Start by checking the company’s **live Companies House status and dissolution date**. That gives you a clearer starting point for understanding what needs to happen next.

**Request a filings review.**

General guidance only. Check the current rules and your company’s circumstances before taking action.

23/09/2026

Seven company-restoration myths can waste more time than the restoration process itself.

When a dissolved company has money, assets, outstanding filings or banking issues, internet advice can make the situation even more confusing.

You may see claims like:

❌ “Just set up a new company.”
❌ “You can always use RT01.”
❌ “The bank will automatically release the funds.”
❌ “You don't need to deal with old accounts.”
❌ “Companies House is holding the money.”
❌ “Restoration is instant.”
❌ “Recovery is guaranteed.”

The reality is more specific.

How the company was dissolved, when it was dissolved, its current record, outstanding filings and the assets involved can all affect what happens next.

Before choosing a route, start with the facts:

✓ Check the live Companies House record.
✓ Confirm the dissolution date.
✓ Identify outstanding filings or consents.
✓ List any known assets or funds.

Don't let a confident internet answer determine your next step.

👉 Save this post before taking action and use it as your starting checklist when reviewing a dissolved company.

*General guidance only. Check the current rules and your company’s circumstances before taking action.*

16/09/2026

Dormant and non-trading don’t always mean the same thing.

It can be tempting to label a company based on what appears to be happening on the surface. But the correct position may depend on the company’s actual activity, bank movements and HMRC position.

Before making assumptions, look at the wider picture:

✓ What activity has actually taken place?
✓ What do the bank movements show?
✓ What is the company’s current HMRC position?
✓ Who currently controls the account or asset?
✓ Do the account details match the legal entity?

The practical step is simple: bring the relevant records together before deciding what the accounts position means.

Start by confirming your statutory deadlines in one calendar and building an evidence pack with the key records.

Need to know what records to gather?
DM ACCOUNTS for a records list.

General guidance only. Check the current rules and your company’s circumstances before taking action.

15/09/2026

Restoring a dissolved company is rarely just about filling in one form.

There may be overdue accounts, confirmation statements, tax filings, penalties, identity checks and other requirements to work through.

But there’s another important question:

Who currently controls the account or asset?

If money is held by a bank or digital platform, understanding the legal entity, account details and available evidence can be just as important as reviewing the company’s filing history.

Before taking the next step:

✓ Check the company’s live Companies House status and dissolution date.
✓ Gather ownership records, statements and correspondence.
✓ Map the outstanding compliance and documentation requirements.
✓ Identify what needs to happen next.

A complete picture helps you make a more informed decision.

Save the full compliance map for reference.

*General guidance only. Requirements and next steps vary depending on the company’s circumstances.*

14/09/2026

How much will restoring a dissolved company really cost?

The answer may involve more than one fee.

A restoration case can include official filing fees, overdue filing penalties, legal costs, professional support and charges from banks or payment platforms.

Some costs depend on the route your company needs to take. Others may only become clear after the relevant records and circumstances have been reviewed.

That’s why a single headline figure may not tell the full story.

Before you commit, ask:

✓ Which fees are official?
✓ Which costs relate to legal or professional support?
✓ Are there any third-party charges?
✓ Which costs are confirmed, and which may change?

A clear fee breakdown helps you understand what you’re paying for.

Need help understanding the costs involved in your case?

Ask for a **written fee breakdown** from Xact+.

General guidance only. Costs and requirements vary depending on the circumstances.

12/09/2026

How ready is your company for a restoration case?

Before taking the next step, it helps to know what you already have, what’s missing and what still needs to be confirmed.

Your readiness check should cover:

✓ Company status and key dates
✓ Trading and accounts records
✓ Asset and ownership evidence
✓ ID and correspondence
✓ Who currently controls the account or asset
✓ Whether the legal entity and account details match

Mark each item as confirmed, missing or requested.

This gives you a clearer starting point and helps identify what needs attention before you move forward.

Want to check your position?
Download the Restoration Readiness Scorecard.

General guidance only. Requirements vary depending on the company and circumstances.

11/09/2026

Why can’t anyone give you one fixed timeline for a restoration case?

Because every case depends on more than just submitting the right forms.

There may be delays involving:

✓ Company records and overdue filings
✓ Courts or public bodies
✓ Banks and digital platforms
✓ Who currently controls the account or asset
✓ Whether the account details match the legal entity

One missing document or an unresolved dependency can change what happens next.

That’s why a responsible approach starts with the company status, records and money trail as one connected case.

Before asking “How long will it take?”, first ask “What could affect the timeline?”

Want a clearer view of the process?
DM TIMELINE for the process map.

General guidance only. Timelines vary depending on the circumstances and third-party requirements.

10/09/2026

Complete records can make a restoration journey very different from one with gaps.

When key records are missing, the process may involve more questions, repeated requests, rework and delays from third parties.

That’s why document readiness matters.

Before instructing, check whether you have:

✓ Ownership records
✓ Account and financial statements
✓ Relevant correspondence
✓ The company’s current legal status

A missing record doesn’t necessarily mean the case cannot move forward. It means you need to understand what is missing and what needs to be established first.

Start with the company’s live Companies House status and dissolution date.

Then use the readiness checklist before instructing.

General guidance only. Requirements and timelines vary depending on the circumstances.

Address

GB
London

Telephone

+447763500273

Website

http://www.xactaccountants.co.uk/

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