What happens to your account
Once your business is officially dissolved, we must stop your account access. We will send any leftover money to the Crown. Check your business assets before you choose to dissolve your company.
What we do if your business dissolves
If we find out your business has dissolved, we will take these steps:
Block your account so you cannot send or receive money.
Stop your Direct Debits and planned payments.
Transfer any money in your account to the Crown after 30 days.
Close your account and stop you from opening a new one.
Note: Under the Companies Act 2006, any assets held by a business when it dissolves must go to the Crown.
How to restore your business
If you dissolved your business by mistake, you can ask Companies House to put it back on the register.
Apply to restore your company to the Companies House register. You can find out more about this here.
Contact us so we can update our records.