A company can be dissolved for different reasons. It might be voluntarily dissolved by its directors when it is not required any more (even if the company is insolvent) or by Companies House if they believe the company is not carrying on business or in operation. If a company has entered into formal insolvency proceedings like liquidation or administration, the company might be dissolved after the case administration is complete.
Over 400,000 companies were dissolved in 2020 to 2021. In most cases, dissolving a company is both legal and appropriate. So, directors of a company that has been dissolved can be directors of other companies. However, where the Insolvency Service receives complaints about possible serious misconduct, we have…