Can I strike off an insolvent company?
General
Can an insolvent company be struck off?
Generally, no. Companies with outstanding debts should not use strike-off.
Why this matters
- Creditors can object
- Directors may face investigation
- The company may be restored
Correct alternatives
- Creditors Voluntary Liquidation (CVL)
- Administration
Related guidance
- /guides/closing-an-insolvent-company
- /guides/cvl-explained