The Company Status on the Companies House Register provides information on the viability or current trading position of a company.
The company status will vary during the normal lifetime of a Company. There are currently 9 Company statuses used in the Companies House Register, these are:
|Register Status||Meaning of Company Status|
|Converted/Closed||If a Company is CLOSED it is no longer active and as such does not need to submit any further information to Companies House.|
|Active||If a company is ACTIVE then it has made significant accounting transactions during its most recent accounting period, normally the last 12 months. Information on these transactions will be found in companies most recent filed accounts.|
|Receivership||If a Company is in RECEIVERSHIP it means a receiver has been appointed. In essence, a receiver investigates the company and ascertains why it failed. They meet with creditors, and with people who may need to contribute to the company assets, to find a way forward. The Official Receiver appoints a liquidator to handle the formal winding-up process.|
|Voluntary Arrangement||If a Company is going through a VOLUNTARY ARRANGEMENT with its creditors the company is insolvent. In this case, it may have the option of using a Company Voluntary Arrangement (CVA) to pay creditors over a fixed period. If the process is successful the status of the company will revert back to active.|
|Liquidation||If a Company is going through a LIQUIDATION process it may be voluntary or compulsory depending on the circumstances.|
|Transferred from the UK||The Company has transferred to a jurisdiction outside the UK. It may register as an Overseas company.|
|Active - Proposal to Strike off||There are two ways a company can be STRUCK OFF the register. |
If directors file their annual accounts late, and don't reply to warnings from Companies House, their company may be struck-off by Companies House and they will cease to exist.
Directors can close down a company by getting it ‘struck off’ the Companies Register, but only if it: -
|Dissolved||The Company is in the process of being removed or STRUCK OFF the Company Register|
|In Administration||The Company is unable to pay its debts and has been placed in ADMINISTRATION by the Administrator who will manage its affairs on behalf of the creditors.|