Company Written Off

[Bequia]

Can anyone explain what this means. Do The Directors have any liabilities to IR and creditors once companies house has written off a company?

[kempie]

Do you perhaps mean "winding up"...

http://www.companieshouse.gov.uk/infoAndGuide/ windingUpCompany.shtml

or "striking off"?...

http://www.companieshouse.gov.uk/infoAndGuide/ faq/strikingOff.shtml

[Bequia]

Sorry I was a little confused. I have checked it out and the company was dissolved. But I wondered if the Directors still have a resonsibility to IR or and Creditors, Business Rates etc. Can you help?

[buildersmate]

The Directors have a responsibility not to run an insolvent company - hence one whose liabilities exceed its assets.
Commitments due to the Inland Revenue (now known as HMRC) and other creditors are part of the 'liabilities' side of the equation. Provided the Directors delivered their responsilities correctly they would not normally have personal liability for the losses incurred by the limited company.

[Bequia]

Thanks for your time Buildersmate your answer is appreciated.