Apply for a discretionary grant (company can't be restored) (CB3)
How to apply for a discretionary grant of bona vacantia where the dissolved company cannot be restored.
Official website: gov.uk00
How to use the service
BVD will usually only consider applications for discretionary grants from: former shareholders (‘members’) as long as the company was solvent when it was dissolved former liquidators former administrators former company voluntary arrangement (CVA) supervisors Former directors of the company cannot apply for a discretionary grant unless they were also shareholders of the dissolved company.
Fees
If BVD make a discretionary grant, you will have to pay the BVD’s proper legal costs and disbursements for dealing with your application. These costs are usually £300. Costs and disbursements will always be deducted from any grant that is made, so if they hold less than £300, a grant cannot be made. For grants over £750, BVD also keep 5% of the value of the grant after deducting costs. This is called a reservation. This is kept in case, in the future, the Treasury Solicitor has to pay creditors of the company money paid out as part of the discretionary grant. The Treasury may require BVD to keep some of the amount held as the “Crown’s Share”.
Official source
Apply for a discretionary grant (company can't be restored) (CB3)
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