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Reopening a company vs open a new one
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Similar Situation
Hi,
I am in a similar situation. I had registered a company sometime in 2008 (didnt opt for FRS). The company only traded for a year and after that it was put in DORMANT state. Finally, I dissolved that company last year (Nov 2012). I now have got another contract opportunity and planning to create a new company. Would I face any problems such as '2 companies in one financial year' ?
Thanks in advanceComment
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Originally posted by sthotakura View PostHi,
I am in a similar situation. I had registered a company sometime in 2008 (didnt opt for FRS). The company only traded for a year and after that it was put in DORMANT state. Finally, I dissolved that company last year (Nov 2012). I now have got another contract opportunity and planning to create a new company. Would I face any problems such as '2 companies in one financial year' ?
Thanks in advance
I am assuming that the first company you dissolved settled all of its liabilities to HMRC etc?
Just out of interest, why did you close the 1st company down?Last edited by Nathan SJD Accountancy; 19 March 2013, 09:59.Comment
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Originally posted by sthotakura View PostHi,
I am in a similar situation. I had registered a company sometime in 2008 (didnt opt for FRS). The company only traded for a year and after that it was put in DORMANT state. Finally, I dissolved that company last year (Nov 2012). I now have got another contract opportunity and planning to create a new company. Would I face any problems such as '2 companies in one financial year' ?
Thanks in advanceI couldn't give two fornicators! Yes, really!Comment
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Originally posted by Nathan SJD Accountancy View PostCan't see any issue with it at all.
I am assuming that the first company you dissolved settled all of its liabilities to HMRC etc?
Just out of interest, why did you close the 1st company down?Comment
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Originally posted by sthotakura View PostThanks for your reply. There was fine of £375 for filing accounts late. I called up HMRC to discuss and they said since the company has not been trading since 2009, they suggested me to dissolve the company so that the fine would die along with the company. Do you see any problem here now?
Nope. As long as the company had settled all liabilities, I can see no issue with opening another company.
The £375.00 penalty was for Companies House though right? Why call HMRC?Comment
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Originally posted by Nathan SJD Accountancy View PostThe £375.00 penalty was for Companies House though right? Why call HMRC?Comment
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