As your business grows, our advisory services are designed to help you achieve your goals.
-
Business Consulting
Our Consulting team guarantees quick turnarounds, lower partner-to-staff ratio than most and superior results delivered on a range of services.
-
Business Risk Services
Our Business Risk Services team deliver practical and pragmatic solutions that support clients in growing and protecting the inherent value of their businesses.
-
Corporate Finance
Our experienced Corporate Finance team has provided a range of transaction, valuation, deal advisory and restructuring services to clients for the past two decades.
-
Digital Risk
Our Digital Risk team offer advisory and consulting solutions that give our clients peace of mind, clear value for money and an enhanced ability to react to cyber attacks.
-
Digital Transformation
Our Digital Transformation team work with business leaders to deliver efficient digital strategies and operating models that provide new or enhanced capabilities.
-
Forensic Accounting
Our Forensic and Investigation Services team have targeted solutions to solve difficult challenges - making the difference between finding the truth or being left in the dark.
-
Objectives and Key Results (OKRs)
Objectives and Key Results (OKRs) is a goal setting framework that helps teams, individuals and organisations set and track measurable goals.
-
People and Change Consulting
Our People & Change Consulting team help clients adapt to the changing nature of the workforce - how they attract, retain, engage, develop, deploy and lead their people.
-
Restructuring
Grant Thornton is Ireland’s leading provider of insolvency and corporate recovery solutions.
Our audit approach combines the rigorous standards of professional independence and objectivity, with a methodology that focuses on critical risk areas and...
At Grant Thornton we have extensive knowledge and experience in providing tailored solutions to our clients, whether on a short-term or long-term basis.
-
Outsourced Payroll
Our outsourced payroll teams become your dedicated payroll department, aiming to process your payroll in the most cost effective and compliant manner.
-
Outsourcing
Grant Thornton's reliable and cost-effective outsourcing services help you streamline your business operations by taking care of your workload.
Our FAAS team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
-
Audit and Accounting Advisory
Our Audit and Accounting Advisory team takes the headache out of multi-jurisdictional audit compliance requirements as well as technical compliance with accounting standards and legislation for clients.
-
Business Process Outsourcing
Grant Thornton’s Business Process Outsourcing (BPO) team serves the needs of rapidly growing mid-tier multinationals operating out of Ireland and other hubs through the provision of services across the full range of finance functions.
-
Flexible People Solutions
At Grant Thornton, our Financial Accounting and Advisory Services (FAAS) department have a dedicated team that help finance functions maximise efficiency.
-
Global Compliance & Reporting Solutions
Our Global Compliance & Reporting Solutions service offering covers a full suite of compliance services including financial statement preparation and related filings, dual bookkeeping, direct and indirect tax, statistical returns and payroll.
-
Global Payroll Solutions
At Grant Thornton, we meet the challenges of our clients. Our Global payroll compliance service offering is tailored to meet all your payroll requirements through a single point of contact.
Grant Thornton’s offering to the financial services industry is unique in that our team brings a wide range of experience with backgrounds in banking,...
-
Actuarial
Our Actuarial team provides a comprehensive range of services to our insurance clients. From regulatory support for compliance to delivering specialist expertise in insurance & reinsurance.
-
Data Analytics
Our team helps to unlock the potential of data analytics within your organisation, allowing you to be more innovative, efficient and customer-centric than ever before.
-
Digital and Fintech
Our FinTech team are experts in technology and financial services and have a long track record of helping companies achieve sustained advantage.
-
Digital Risk
Our Digital Risk team offer advisory and consulting solutions that give our clients peace of mind, clear value for money and an enhanced ability to react to cyber attacks.
-
Financial Services Audit
Our Financial Services Audit team offers expertise and knowledge along with a horizontal approach to solving clients’ problems and queries.
-
Financial Services Consulting
We work closely with clients to understand their strategy and benchmark their performance against the very best international standards.
-
Financial Services Tax
Grant Thornton Ireland has a team of over 100 tax professionals providing advice to a diverse range of clients in the Financial Services sector.
-
FS Business Risk Services
Our FS Business Risk team have real experience of the financial services sector, through working within regulatory bodies or holding leadership positions in Risk, Compliance and Internal Audit functions.
-
Grant Thornton Pensioneer Trustees Limited
The Grant Thornton Pensioneer Trustee service can offer business owners, directors and employees the opportunity to manage their own retirement choices with full transparency.
-
Pension Audit
The Grant Thornton Pension Audit team has vast experience in managing schemes and preparing annual reports on them for clients.
-
Prudential Risk
Our industry leading Prudential Risk team works with clients on a range of areas including regulatory reporting, regulatory authorisations, on-site investigations and data quality assurance.
-
Quantitative Risk
Our Quantitative Risk team members bring a wide range of experience with many of them having backgrounds in banking, investment markets, regulation, professional practice, and academia.
-
Sustainability desk
We recognise that businesses are operating at different levels of maturity when it comes to sustainability, and pride ourselves on working with our clients to develop bespoke solutions to their needs.
-
Financial Accounting and Advisory Services (FAAS)
Our Financial Accounting and Advisory Services (FAAS) team designs and implements creative solutions for organisations expanding into new markets or undertaking functional financial transformations.
Grant Thornton’s Private Client Services team can advise you on all areas of financial, pension, investment, succession and inheritance planning. We understand...
-
Grant Thornton Financial Counselling
Grant Thornton Financial Counselling (GTFC) comprises a team of highly qualified professionals who offer financial advice to individuals and corporates across a range of areas including savings, investments, pension planning, and inheritance and succession planning.
-
Inheritance Planning
Our services on Inheritance Planning mirror those on Succession Planning whereby the foundations of the plan are derived from meaningful conversations with those that wish to pass on or protect their asset base.
-
Personal Tax Compliance & Planning
The Grant Thornton Personal Tax team helps clients remain compliant and up to date with all of their tax obligations whilst ensuring that they are solutions driven and manage their finances in the most tax efficient way possible.
-
Succession Planning
We have extensive experience guiding our clients successfully through the succession process. This involves advice on both the qualitative and quantitative aspects of the process. While there is a business at the core of each succession plan we advise on, it is all predicated on understanding the people and their respective wishes.
Grant Thornton Ireland has a team of over 100 tax professionals providing advice to a diverse range of clients, including sole traders, small and medium sized...
-
Company Secretarial
Grant Thornton’s Company Secretarial team contains qualified Company Secretaries. Clients are assured that they will meet all of their obligations under the Companies Acts and other relevant legislation and regulations.
-
Corporation Tax
Our Corporation Tax team is made up of more than 40 highly experienced senior partners and directors who work directly with a wide range of domestic, international, and financial services clients. We place a strong emphasis on direct service to clients and we pride ourselves on the close personal relationships we build and the deep understanding of their businesses we develop
-
Employer Solutions
Attracting and retaining key talent, managing employment costs and ensuring compliance with complex tax rules presents one of the most serious challenges today for many businesses. You need to ensure that your business complies with increasingly complex tax legislation and can adapt to updated Revenue guidance in a cost-effective way and we are here to help.
-
Financial Services Tax
The Grant Thornton team is made up of experts who are fully up to date in terms of changing and evolving tax legislation. This is combined with industry expertise and an in-depth knowledge of the evolving financial services regulatory landscape.
-
Global Mobility Services
Grant Thornton Ireland offer a different approach to managing global mobility. We have brought together specialists from our tax, global payroll, people and change and financial accounting teams across Ireland and Northern Ireland, while drawing on the knowledge and insights of our global network of over 143 offices of mobility professionals to provide you with a holistic approach to managing global mobility.
-
International Tax
We develop close relationships with clients in order to gain a deep understanding of their businesses to ensure they make the right operational decisions. The wrong decision on how a company sells into a new market or establishes a new subsidiary can have major tax implications.
-
Tax Advisory
The Grant Thornton Tax Advisory team blends commercial experience and knowledge with tax expertise to advise clients on the full range of transactions including sales, mergers, restructurings and succession planning.
-
Tax Incentives
Our Tax Incentives team help clients access vital cash funding and tax incentives to enable them to achieve their growth ambition.
-
Transfer Pricing
Our Transfer Pricing team has extensive experience across all industries. They can assist clients in overcoming challenges and deliver sector specific, sustainable solutions.
-
VAT
Grant Thornton’s team of indirect tax specialists helps a range of clients across a variety of sectors including pharmaceuticals, financial services, construction and property and food to navigate these complexities.
-
Real Estate Tax Advisory
The Irish real estate market has experienced considerable change in recent years. This has resulted in the emergence of a number of challenges for investors, but has also brought about significant opportunities. With this in mind, taxation is now more than ever one of the key factors for real estate investors when appraising investments, financing methods and development structuring.
U.S. companies in Ireland form a critical part of Ireland’s cutting edge, internationally traded goods and services economy in industries such as information...
About us
Alumni
Contact us
Meet our People
Office locations
Subscriptions
Webinars and Events
Corporate Compliance
Strike off - Irish registered companies
Irish registered companies
Contents
Subscribe to our mailing list
Receive the latest insights, news and more direct to your inbox.
What is a company strike off?
A company strike off is a process whereby a company is removed from the Register of Companies and ceases to exist. A company which has been struck off or dissolved can no longer trade, sell assets or make payments.
There are two types of strike off – voluntary and involuntary.
What is a voluntary strike off?
When a company is no longer needed, i.e. following a group reorganisation or the company ceased to trade and is no longer required, the directors may decide to apply to the Registrar of the Companies for the Company to be voluntarily struck off. When this decision is made internally by the business and the strike off process is initiated by the board the strike off is voluntary.
Before the company can make the strike off application the board needs to ensure that ALL of the following conditions are satisfied:
*Issued share capital is not to be reckoned when confirming that the amount of the assets of the company do not exceed €150
When the board is satisfied that all the above conditions are met they can commence the procedure.
What are the steps of voluntary strike off process?
Step 1.
A special resolution must be passed by the members, resolving to apply to the Registrar for the company to be struck off the register and that pending the determination of its application to be struck off, that the company will not carry on any business or incur any liabilities. The resolution must be made no more than 3 months before the application.
Step 2.
A letter of no objection from the Revenue Commissioners is required. The letter must be dated not more than three months before the date of the receipt of the application by the Companies Registration Office (the “CRO”).
Step 3.
An advertisement is placed in one daily newspaper published and circulated nationwide. This advertisement should appear in a newspaper published not more than 30 days prior to the delivery to the CRO of the application for voluntary strike off.
Step 4.
Deliver a form H15 to the CRO. This form can only be filed electronically via CORE and must be signed by all directors.
Can the strike off application be cancelled or withdrawn?
Once the duly completed strike off application is filed with the CRO the Registrar will publish a notice of the intention to strike the company off the register in the CRO Gazette. The company will be dissolved within 90 days of the notice unless an objection to the strike off is filed.
An objection to the strike off can be filed within 90 days of the publication of the notice by any person on the grounds that the one or more conditions as set out in the table above have not been satisfied.
The company can also request cancellation of the strike off within 90 days of the publication of the notice.
What is an involuntary strike off?
Some strike offs are initiated by the CRO. The strike offs initiated by the CRO are involuntary strike offs.
The Registrar can commence the strike off proceeding if:
- a company has failed to make an annual return for one year;
- Revenue Commissioners issued a notice under section 882(3) Taxes Consolidation Act 1997 where an incorporated company has not yet registered for taxes;
- the registrar has reasonable cause to believe that the requirement to have an EEA resident director is not being complied with;
- there are no current directors registered for the company;
- the company is being wound up and the Registrar has reasonable cause to believe that no liquidator is acting;
- the company is being wound up and the registrar has reasonable cause to believe that the affairs of the company are fully wound up and that the returns required to be made by the liquidator have not been made for a period of six consecutive months;
How does the involuntary strike off work? Can it be stopped before the company is struck off and dissolved?
- The strike off process commences when the CRO issues a strike off notice (the “Notice”) to the company’s registered office address. The notice states the grounds for the strike off and explains the steps the company needs to take to stop the process.
- If the company did not take any action to stop the process, 28 days after the date of the notice, the CRO publishes a strike off notice in the CRO Gazette. At this stage it is still possible to stop the process by following the steps outlined in the Notice;
- 28 days after the notice was published in the CRO Gazette the company is struck off the register of companies and a notice dissolving the company is published in the CRO Gazette.
- The company is dissolved.
It may seem that involuntary strike off can be an alternative solution to liquidation or voluntary strike off however the consequences of involuntary strike off are very serious.
What are the consequences of involuntary strike off?
- Company is dissolved and ceases to exist;
- Company’s assets become the property of the State;
- Banks will be unwilling to lend money and may freeze accounts of the Company if any;
- The liability (if any) of every director, officer and member* of the company continues, after the company has been dissolved and may be enforced as if the company had not been dissolved;
- The protection of limited liability is lost where the business carries on trading;
- Directors of involuntary struck off companies may be disqualified by a High Court order made on the application of the Corporate Enforcement Authority from acting as directors or having any involvement in the management of any company. They may be also ordered to pay for the legal costs incurred by the Corporate Enforcement Authority in bringing such application and the costs incurred in investigating the matter. The length of the disqualification period is a matter for the Court.
Is the strike off and dissolution the end of a company?
A struck off company can be restored within 20 years from the date of dissolution.
If a company has been struck off for a period no longer that 12 months an application can be made to the Registrar of the Companies to restore the company by administrative order. If the 12 months already elapsed the application must be made to court.
*members’ liability is limited to any amount of unpaid capital only
Authors
-
Jillian O'Sullivan Jillian is a partner in Grant Thornton, as part of her role she leads the Company Secretarial offering for Grant Thornton Ireland, one of the leading professional services firms in Ireland.Follow on LinkedInView Profile