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The CRO have resumed enforcement proceedings and involuntary strike offs since August 2025. The CRO has in the first instance looked to companies who have the longest outstanding annual returns. We have outlined the steps to take for company directors to foot of an involuntary strike off notice in our previous article. There is a limited time to act in this circumstance. In situations where the company has not remedied matters, and the company is struck off the register, th

Background When a company is insolvent, the directors have a duty to protect creditors interests and to take restructuring advice, and this more often result in the company being wound up via a Creditors voluntary Liquidation (CVL). One of the primary duties of an appointed liquidator is the realisation of the company assets, and in this regard the maximisation of funds proceeds on behalf of the creditors, for whom there may be a dividend, payable in order of strict legal

Introduction Director loans are commonplace in SME companies, and more usually refer to the loans extended to a company to carry out its endeavours. The director loans to which this article relates and to which the cited legislation applies, are loans drawn down from the company, that is outside of the salaried payments which are processed through payroll and taxation. The raison d’etre for the legislation in respect of director loans is to ensure that company funds are prote

Article Updated March 2026 1) Introduction In July 2023 the CRO re-commenced enforcement proceedings issuing 10 week warning notices to companies which were not up to date with their Annual Returns. This followed a hiatus period, of some 3 years, and since the outset of the pandemic, whereby a certain leeway has been afforded to companies to allow time to have returns filing brought up to date. In October 2023, the first compulsory / involuntary strike off notices will be