Voluntary Strike-Off – An Overview for Irish Companies

Voluntary Strike-Off is one way in which you may formally wind up a company.

An Irish company that ceases to trade or never traded and has no outstanding creditors can request the Registrar of Companies to strike-off a company from the Register of Companies. Section 733 of the Companies Act 2014 gives the Registrar power to strike companies off the register.

A summary of the requirements is outlined below:

To proceed with a Voluntary Strike-Off application, the director(s) of a company need to ensure that the assets of the company are not greater than €150. Liabilities must also not be greater than €150. Also, all tax filings must be up to date with Revenue.

There are two statutory forms that must be completed and submitted to the Companies Registration Office, the G1-H15 and the H15. The form H15 must be signed by all the directors confirming that the company has ceased to carry on business and that there are no assets or liabilities more than the above-mentioned thresholds remaining. The Form G1-H15 must be signed by a director or secretary of the company.

A Letter of No Objection from Revenue and an advertisement from a daily newspaper must accompany the statutory forms when being submitted to the Companies Registration Office. Once the application is registered by the Companies Registration Office, the company will become ‘Strike-Off Listed’. Approximately 3 months thereafter becoming Strike-Off Listed the company will be dissolved.

For further assistance with the Voluntary Strike-Off process, please contact Emma Dunne, Manager of our Corporate Compliance Department.