If you’re thinking about using the services of a deregistered company, you may want to think again.
Here are four reasons why you should avoid doing business with deregistered companies:
1. Deregistered Companies Can’t Be Trusted
When a company is deregistered, it’s a sign that something has gone wrong. The company may have been involved in illegal activities, or it may have failed to meet its obligations to its customers. Either way, you can’t be sure that you’ll be getting the best possible service from a deregistered company.
2. Deregistered Companies May Not Be Insured
When you use the services of an insured company, you can be sure that you’ll be compensated if something goes wrong. But when you use the services of a deregistered company, there’s no such guarantee. If something does go wrong, you may not be able to get your money back.
3. Deregistered Companies May Not Be Reliable
If a company has been deregistered, likely, it’s no longer operating as a reliable business. This means that you may not be able to get the services you need when you need them.
4. Deregistered Companies May Not Be Safe
When you use the services of a deregistered company, you could be putting yourself at risk. The company may not have the necessary safety standards in place, and you could be putting yourself in danger by using its services.
So, if you’re thinking about using the services of a deregistered company, think twice. It’s not worth the risk. There are plenty of other companies out there that can provide you with the same services, without the same risks.
De-Registering A Company: What And Why?
As a business owner, you may be thinking about de-registering your company. This could be for several reasons, such as wanting to close down the business, or perhaps you’ve simply changed your mind about running a company and want to dissolve it.
There are a few things you need to know before de-registering your company, such as the different types of de-registration and the implications it could have on your business.
So, what is de-registering a company? And why would you do it? Let’s take a closer look.
What Is De-Registering A Company?
De-registering a company, also known as striking off a company, is the process of removing a company from the register at Companies House. This effectively means that the company no longer exists.
Once a company has been de-registered, its assets will be distributed among the shareholders according to their shareholdings. Any debts or liabilities that the company has will become the responsibility of the shareholders.
Why Would You De-Register A Company?
There are a few reasons why you might want to de-register your company.
One reason could be that you’re no longer trading and you want to close down the business. If this is the case, then de-registering your company is a way to do this legally.
Another reason could be that you’ve changed your mind about running a company. You may have set up a company with the intention of running it as a business, but then decided that it’s not for you after all. In this case, de-registering the company is a way to dissolve it without having to go through the process of selling it or closing it down.
Finally, you may simply want to change the structure of your business. For example, you may have started as a sole trader but now want to set up a limited company. In this case, de-registering your old business and setting up a new one is the best way to do this.