Xact+ Accountants

A restoration case can become more expensive than expected. Here’s why.

The latest issue is not always the only issue.

Overdue filings, the route required, legal support and the complexity of the assets or accounts involved can all affect the work involved.

That’s why it’s important to look at the company status, records and money trail together rather than dealing with one problem at a time.

Before taking the next step:

✓ Check the company’s live Companies House status
✓ Confirm the dissolution date
✓ Gather ownership records, statements and correspondence
✓ Understand what is involved in your specific case

Don’t guess the cost from the headline problem.

Request an itemised case estimate based on your company’s actual position.

General guidance only. Costs and requirements vary depending on the circumstances.

Think dissolution only affects the money sitting in the bank? Think again.

When a company is dissolved, it isn’t just a bank balance that can become an issue.

Property, contractual rights and other assets may also be affected.

And this is where the real problem starts:

You may know an asset exists, but who controls it now?
What evidence is needed?
Does another legal or compliance step need to happen first?

Waiting until a payment is blocked or an asset becomes difficult to deal with can make the situation harder to untangle.

Before contacting the bank, platform, customer or another third party, start with the company’s position.

✓ Check the company’s live Companies House status
✓ Confirm the dissolution date
✓ Identify the asset or right involved
✓ Gather the records that establish ownership and entitlement

**Don’t assume “no money in the bank” means “nothing to deal with.”**

👉 Save this post, check the company’s status and dissolution date, and share it with someone closing or recently closing a company.



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*General guidance only. Check the current rules and your company’s circumstances before taking action.*

What assets could still be connected to a dissolved company?

It is easy to focus on one bank balance and overlook everything else.

A proper dissolved-company asset inventory help create a clearer picture of what exists, where it is, who currently controls it, and what evidence is available.

Start by recording:

✓ Asset category & estimated value
✓ Evidence & current holder
✓ Jurisdiction, urgency & next action

One question is especially important:

Who currently controls the account or asset?

Then check whether the legal entity and account details match before deciding what to do next.

📌 Save this post and start with the practical step:
Check the company’s live Companies House status and dissolution date.

📥 Download the asset inventory to structure your initial review.

*General guidance only. Check the current rules and your company’s circumstances before taking action.*

A property deposit is still in the dissolved company’s name. What happens next?

A company being dissolved doesn’t automatically make every asset or contractual position disappear.

Property-related funds can be particularly complex because title, contracts, payment evidence, jurisdiction and the company’s legal status may all matter.

Before contacting a bank, solicitor, developer or other party, establish:

✓ Who currently controls the deposit or related asset?
✓ Does the legal entity still match the account or contract?
✓ What evidence proves the company’s ownership or entitlement?
✓ When and how was the company dissolved?

The practical first step:
Check the company’s live Companies House status and dissolution date, then build one evidence pack covering ownership records, statements, correspondence and relevant legal documents.

Where property is involved, **legal coordination may be required**.

📩 Request a multi-professional case review before taking action.

General guidance only. Check the current rules and your company’s circumstances before taking action.

Cash is not the only dissolved-company asset.

When a company is dissolved, the issue may involve more than money sitting in a bank account.

Assets and rights can take different forms including:

• Land or property
• Shares
• Trademarks
• Deposits
• Refunds
• Contractual rights

The important question is not simply “Is there money?”

It is:

**Who currently controls the asset, what evidence proves the company’s connection to it, and what action may be required?**

Before contacting a bank, platform or other party, start with the basics:

✓ Check the company’s **live Companies House status and dissolution date**
✓ Confirm whether the legal entity and account or asset details match
✓ Gather ownership records, statements and correspondence
✓ Identify whether restoration, a waiver or another step may be relevant

📌 **Comment “ASSET” for the full checklist.**

General guidance only. Check the current rules and your company’s circumstances before taking action.

When might a bona vacantia waiver be needed?

A dissolved company can leave more than just an inactive Companies House record.

If company property, funds or other rights are involved, the position may require consideration of the relevant Crown representative and the correct process can depend on the company’s history and circumstances.

Before contacting anyone, ask:

• Who currently controls the account or asset?
• Does the legal entity match the account details?
• What ownership records, statements and correspondence are available?
• Is restoration, a waiver or another step potentially required?

**Start with the evidence.**

Check the company’s **live Companies House status and dissolution date**, then build one organized evidence pack covering ownership, financial records, correspondence and legal status.

📌Save this post and keep the waiver process map handy.

General guidance only. Check the current rules and your company’s circumstances before taking action.

Can Xact+ speak to the platform for you?

Sometimes, yes. But it depends on the platform’s authority requirements and what actions they allow a third party to take.

Xact+ can support with:

✓ Organising restoration and accounting documents
✓ Preparing a clear evidence pack
✓ Matching the platform account to the legal entity
✓ Drafting or coordinating correspondence
✓ Tracking requested information and responses

Some platforms will still require the director or account holder to take direct action.

The important thing is to understand what can be handled for you, what cannot, and what the platform needs before you start.

Need help getting the documents and correspondence organised?
Ask about managed document support.

General guidance only. Platform requirements and individual circumstances vary.

Digital-platform balance stuck? Start with the evidence.

If money is sitting in PayPal, Stripe, Amazon, eBay or another digital platform account, the first step should be to establish exactly what happened and what records you have.

Build your evidence pack

☐ Merchant ID
☐ Account email
☐ Statements
☐ Reserve notices
☐ Invoices
☐ Bank details
☐ Director ID

Then mark each item as:

Confirmed ✓ | Missing ☐ | Requested ☐

This simple process can make the next action much clearer and help identify which information still needs to be obtained.

Before you contact the platform

Put the available evidence into one organised file and identify who holds each missing document or record.

Practical next step: Define the problem using your current financial records.

Download the Digital-Platform Evidence Pack.

General guidance only. Check the current rules and your company’s circumstances before taking action.

New company. Old balance. Same money? Not necessarily.

If a company has been dissolved while money is still sitting in a digital platform account, creating a second company does **not** mean you should assume the old balance transfers.

Before contacting PayPal, Stripe, Amazon, eBay or another platform, check the facts first.

3 things to check!!

1. Who controls the account or asset?
Identify who currently controls the funds and what the platform records show.

2. Do the details match?
Check whether the legal entity, company details and account information relate to the same company.

3. What evidence do you have?
Gather statements, correspondence, ownership records and other relevant company information.

Why this matters?

A new company is a separate legal entity. Making assumptions about an old account or balance can lead to inconsistent information and make the situation more difficult to explain.

If the position is unclear, **review it before contacting platform support.**

Practical first step: Check the company’s live Companies House status and dissolution date.

DM “PLATFORM” before contacting support.

*General guidance only. Check the current rules and your company’s circumstances before taking action.*

The reserve wasn't always the real problem. The company details can be.

A marketplace can restrict funds when the account details and the company’s legal position no longer line up.

And when that happens, repeatedly contacting support may not be enough.

Start with the basics:

✓ Check the company’s legal status
✓ Confirm the account and entity details
✓ Gather statements and supporting evidence
✓ Keep a clear record of platform communications
✓ Review whether the information meets the platform’s requirements

The more complete the evidence, the clearer the position becomes.

If you have funds stuck on a marketplace after dissolution, request a Platform Funds Assessment to understand what needs to be reviewed.

General guidance only. Check the current rules and your company’s circumstances before taking action.