The long-term effects of a strike-off on an active company can be severe, particularly if the strike-off was not intended or properly managed. Once a company is struck off the register, it legally ceases to exist, meaning it can no longer trade, own assets, or enter into legal agreements. Any assets held by the company at the time of dissolution become "bona vacantia," or ownerless pr... https://xactaccountants.co.uk/company-strike-off-service/