Dissolved business closure

A strike off notice could be for a few reasons, most likely if you haven't submitted up to date annual accounts or paid your tax. From the moment Companies House issues a strike off notice, you have three months until your business is removed from the register.

If that happens, we’ll have to close your Zempler Business Bank Account and pass any funds in it to the relevant Government Treasury. If you didn’t mean to dissolve your business, contact Companies House as soon as possible to understand the situation and update your business status. 

If you cancel the strike off notice, Companies House will let us know and we'll keep your Zempler Business Bank Account operating as normal.

Contact Companies House

Yes, but you won’t be able to transfer any funds in your existing limited company account directly to your new sole trader account. 

If you do apply for a sole trader account, we won’t take into account the previous financial history of your limited company when making a decision.

While you’re in discussion with Companies House your account remains suspended and we’re not allowed to give you access to use it. If Companies House reinstates your company and registers it as active once again, you can contact our Customer Service team and we’ll see if we can reinstate your Zempler Business Bank Account.

We can only suspend an account for 12 months before we close it permanently, at which point it can’t be reopened. If that’s the case, you can apply for a new Zempler Business Bank Account.

We’ll only close an account when we know the business it was opened for has been dissolved by Companies House. 

Although we do regular checks on business statuses with Companies House, there can be a time difference between your business closing and us finding out, as we don’t get notified directly.

Any refunds or money paid into your Zempler Business Bank Account will have been sent to the relevant Government Treasury.

This is because if your business has been dissolved and is no longer trading, we’re legally required to close your Zempler Business Bank Account and transfer any funds left in it to the relevant Government Treasury. 

Depending on where your business was registered in the UK, you’ll need to speak to your relevant Treasury department about your funds and what happens next.

If an account is overdrawn when we close it because the business it’s associated with is dissolved, we must report it to the credit reference agencies.

To see how this affects you specifically, you can speak to any of the credit reference agencies directly and ask for your credit score and credit report. There may be a charge for this depending on the agency, and how much information you request.

Yes. You can make a bank transfer payment from a different account to pay off your Zempler Business Bank Account balance using your Account Number and Sort Code. 

Check how much you owe by checking your statement in the Zempler Bank app or Online Banking.

If you’re unable to log in, you can give our Customer Service team a call and they’ll be able to help.