Repayment of restored company funds

When a company is dissolved, its remaining funds become ‘bona vacantia’, a legal term for ownerless property. These funds automatically pass to the Crown by operation of law under the provisions of the Companies Act 2006. 

If a dissolved company is subsequently restored, the officers of that restored company can apply to the KLTR for repayment of any sums that were sent to the KLTR at or after dissolution.

KLTR is unable to provide advice on the process of restoring a company to the Register. For detailed information on how to restore a dissolved company, please refer to the Companies House guidance available at the following link:

https://www.gov.uk/restore-dissolved-company

Please note: Repayment can only be processed after a third party, such as a bank, has referred the dissolved company’s assets to KLTR. If you are unsure whether a referral has been made, please verify this before applying to KLTR for a repayment.

KLTR charges an administration fee for processing applications for the repayment of company funds. This fee will be deducted from the funds held. The administration fee is £50 for companies restored through administrative restoration, and £100 for those restored by court order.

To apply for a repayment of company funds held by KLTR, an officer, agent, or representative of the company, must submit the following:

1. Completed Application Form
2. Evidence of the Restored Company's Active Status: This can be a letter from Companies House or a printout from their website, showing the company's name, number, and business address.
3. Evidence of the Restored Company’s Bank Account Details: The bank account must be a business account, not a personal account of a director. Provide a bank statement or letter dated within the last 3 months.

If the amount being repaid exceeds £10,000, the following additional documents and proofs of identity are required:

1. Details of the Company's Current Officers and Shareholders: Include names of directors, company secretary, and shareholders.
2. Copy of the Company's Last Filed Confirmation Statement/Annual Return: Include details of any changes since then.
3. Proof of Identity for Each Company Officer dealing with the transaction.
4. Proof of Identity for All Individuals or Entities with 25% or More of the Shares or Voting Rights: If there is a controlling shareholder company, provide full details of its current officers and a copy of its last filed confirmation statement/annual return.

Note: If you are applying for the repayment of funds exceeding £10,000, please review the guidelines on Identification Requirements and Acceptable Forms of ID below before applying.

Applications and supporting documentation must be submitted by post to the KLTR Office. You can access the application form by visiting the link provided at the bottom of this page. 

When providing proofs of identity, please ensure that a single form of identification is not used for both your name and address. For instance, if you use your driving licence to verify your name, you must provide a different form of identification to verify your address. For more details, refer to our Acceptable Forms of ID table below.

Individual IDs must be originals, or copies certified as a true copy by a solicitor/accountant for each applicant. To ensure the authenticity and integrity of submitted documents, applicants must provide wet ink certified true copies. Certification must be performed in person, with the certifier signing and stamping the document using ink. Digital or electronic certifications, including scanned copies or digital signatures, will not be accepted under any circumstances. To avoid delays and ensure timely processing of your application for repayment, please submit all certified true copies in their original physical form.

The table below lists acceptable forms of identification: