After 6 months of companies benefiting from relaxed measures in relation to compulsory strike-off action, the suspension will be lifted as of 10 October, Companies House has announced.
This means that companies who are deemed to no longer be in operation can again be struck off the Companies House register if they are in default of their filing requirements, or if they cannot be contacted by Companies House representatives.
Arguably, this lift on the suspension has come too early, as the Corporate Insolvency and Governance Act 2020 (CIGA) has temporarily changed deadlines for various filing requirements. Given these changed deadlines, there is potential that some companies hoping to benefit from the measures provided by CIGA may be caught out by the reintroduction of compulsory strike-off action.
Hopefully, a healthy balance can be struck so the two initiatives do not contradict one another.
Following our latest review, the temporary measure to suspend compulsory strike off action will be lifted from 10 October 2020.