Forfeiture of Corporate Assets:
The SRG Perspective
Compulsory strike-off is a statutory procedure triggered when a company is perceived as no longer operational or fails to meet filing obligations. Under section 1000 or 1003 of the Companies Act 2006, the Registrar files a First Gazette Notice.
"Upon final dissolution, all company assets automatically transfer to the Crown as 'Bona Vacantia'. This includes cash, property, and legal title to all receivables."
Our specialized recovery desk ensures that HNW directors can bypass the standard high-fee insolvency routes by providing a pre-enriched audit file that forces market competition and drastic fee reductions.
Strategic Recovery Milestones
- Phase 1: Forensic Audit - Verification of liquid assets and properties.
- Phase 2: Strike-Off Suspension - Immediate legal intervention to halt the seizure.
- Phase 3: Market Competition - Forcing 3+ firms to bid for the recovery case.
- Phase 4: Distribution - Final payout before the April 6th tax hike.