# Who decides about a closing company's records

> 9 UK rules on who decides about a closing company's property and records, each quoted from the statute, the regulator or GOV.UK, read 28 October 2026.

Sell Company Records To AI · https://sellcompanyrecordstoai.com/datasets/company-closing-powers-law/ · computed 2026-10-28

**Rules read on closing a company:** 9 rules (9 statute, regulator and GOV.UK pages read; 9 named).

## The answers, question by question

- **The closing route it governs:** striking the company off the register 3, a company once dissolved 1, a firm the FCA regulates 1, a creditors' voluntary winding up 1, a voluntary winding up before a liquidator is appointed 1, a members' voluntary winding up 1, administration 1
- **Who it gives the say over the company's property:** the directors 3, the liquidator, or whoever sanctions the directors' powers 2, the Crown, as bona vacantia 1, the firm itself, under the regulator's rules 1, the court 1, the administrator 1
- **The rule, in its words:** stated 9

## Every rule

| Rule | The closing route it governs | Who it gives the say over the company's property | The rule, in its words |
|---|---|---|---|
| Companies Act 2006, s.1003 | striking the company off the register | the directors | must be made on the company's behalf by its directors or by a majority of them, and |
| Companies Act 2006, s.1004 | striking the company off the register | the directors | made a disposal for value of property or rights that, immediately before ceasing to trade… |
| Companies Act 2006, s.1012 | a company once dissolved | the Crown, as bona vacantia | When a company is dissolved, all property and rights whatsoever vested in or held on… |
| FCA Handbook, SYSC 9.1 | a firm the FCA regulates | the firm itself, under the regulator's rules | must arrange for orderly records to be kept of its business and internal organisation… |
| GOV.UK, strike off your limited company | striking the company off the register | the directors | has not traded or sold off any stock in the last 3 months |
| Insolvency Act 1986, s.103 | a creditors' voluntary winding up | the liquidator, or whoever sanctions the directors' powers | On the appointment of a liquidator, all the powers of the directors cease, except so far… |
| Insolvency Act 1986, s.114 | a voluntary winding up before a liquidator is appointed | the court | The powers of the directors shall not be exercised, except with the sanction of the court |
| Insolvency Act 1986, s.91 | a members' voluntary winding up | the liquidator, or whoever sanctions the directors' powers | On the appointment of a liquidator all the powers of the directors cease, except so far… |
| Insolvency Act 1986, Schedule B1, paragraph 64 | administration | the administrator | A company in administration or an officer of a company in administration may not exercise… |

## The sentence each answer rests on (27)

- Companies Act 2006, s.1003, [section 1003 (striking off on application by company)](https://www.legislation.gov.uk/ukpga/2006/46/section/1003), read 2026-10-28, The closing route it governs: "On application by a company, the registrar of companies may strike the company's name off the register."
- Companies Act 2006, s.1003, [section 1003 (striking off on application by company)](https://www.legislation.gov.uk/ukpga/2006/46/section/1003), read 2026-10-28, Who it gives the say over the company's property: "must be made on the company's behalf by its directors or by a majority of them, and"
- Companies Act 2006, s.1003, [section 1003 (striking off on application by company)](https://www.legislation.gov.uk/ukpga/2006/46/section/1003), read 2026-10-28, The rule, in its words: "must be made on the company's behalf by its directors or by a majority of them, and"
- Companies Act 2006, s.1004, [section 1004 (circumstances in which application not to be made: activities of company)](https://www.legislation.gov.uk/ukpga/2006/46/section/1004), read 2026-10-28, The closing route it governs: "An application under section 1003 (application for voluntary striking off) on behalf of a company must not be made if, at any time in the previous three months, the company has"
- Companies Act 2006, s.1004, [section 1004 (circumstances in which application not to be made: activities of company)](https://www.legislation.gov.uk/ukpga/2006/46/section/1004), read 2026-10-28, Who it gives the say over the company's property: "An application under section 1003 (application for voluntary striking off) on behalf of a company must not be made if, at any time in the previous three months, the company has"
- Companies Act 2006, s.1004, [section 1004 (circumstances in which application not to be made: activities of company)](https://www.legislation.gov.uk/ukpga/2006/46/section/1004), read 2026-10-28, The rule, in its words: "made a disposal for value of property or rights that, immediately before ceasing to trade or otherwise carry on business, it held for the purpose of disposal for gain in the normal course of trading or otherwise carrying on business, or"
- Companies Act 2006, s.1012, [section 1012 (property of dissolved company to be bona vacantia)](https://www.legislation.gov.uk/ukpga/2006/46/section/1012), read 2026-10-28, The closing route it governs: "When a company is dissolved, all property and rights whatsoever vested in or held on trust for the company immediately before its dissolution"
- Companies Act 2006, s.1012, [section 1012 (property of dissolved company to be bona vacantia)](https://www.legislation.gov.uk/ukpga/2006/46/section/1012), read 2026-10-28, Who it gives the say over the company's property: "vest and may be dealt with in the same manner as other bona vacantia accruing to the Crown, to the Duchy of Lancaster or to the Duke of Cornwall."
- Companies Act 2006, s.1012, [section 1012 (property of dissolved company to be bona vacantia)](https://www.legislation.gov.uk/ukpga/2006/46/section/1012), read 2026-10-28, The rule, in its words: "When a company is dissolved, all property and rights whatsoever vested in or held on trust for the company immediately before its dissolution (including leasehold property, but not including property held by the company on trust for another person) are deemed to be bona vacantia and"
- FCA Handbook, SYSC 9.1, [SYSC 9.1 General rules on record-keeping](https://www.handbook.fca.org.uk/handbook/SYSC/9/1.html), read 2026-10-08, The closing route it governs: "must arrange for orderly records to be kept of its business and internal organisation, including all services and transactions undertaken by it"
- FCA Handbook, SYSC 9.1, [SYSC 9.1 General rules on record-keeping](https://www.handbook.fca.org.uk/handbook/SYSC/9/1.html), read 2026-10-08, Who it gives the say over the company's property: "must arrange for orderly records to be kept of its business and internal organisation, including all services and transactions undertaken by it"
- FCA Handbook, SYSC 9.1, [SYSC 9.1 General rules on record-keeping](https://www.handbook.fca.org.uk/handbook/SYSC/9/1.html), read 2026-10-08, The rule, in its words: "must arrange for orderly records to be kept of its business and internal organisation, including all services and transactions undertaken by it"
- GOV.UK, strike off your limited company, [Strike off your limited company from the Companies Register](https://www.gov.uk/strike-off-your-company-from-companies-register), read 2026-10-08, The closing route it governs: "You can close down your limited company by getting it ‘struck off’ the Companies Register."
- GOV.UK, strike off your limited company, [Strike off your limited company from the Companies Register](https://www.gov.uk/strike-off-your-company-from-companies-register), read 2026-10-08, Who it gives the say over the company's property: "You can close down your limited company by getting it ‘struck off’ the Companies Register."
- GOV.UK, strike off your limited company, [Strike off your limited company from the Companies Register](https://www.gov.uk/strike-off-your-company-from-companies-register), read 2026-10-08, The rule, in its words: "has not traded or sold off any stock in the last 3 months"
- Insolvency Act 1986, s.103, [section 103 (cesser of directors' powers)](https://www.legislation.gov.uk/ukpga/1986/45/section/103), read 2026-10-28, The closing route it governs: "On the appointment of a liquidator, all the powers of the directors cease, except so far as the liquidation committee (or, if there is no such committee, the creditors) sanction their continuance."
- Insolvency Act 1986, s.103, [section 103 (cesser of directors' powers)](https://www.legislation.gov.uk/ukpga/1986/45/section/103), read 2026-10-28, Who it gives the say over the company's property: "On the appointment of a liquidator, all the powers of the directors cease, except so far as the liquidation committee (or, if there is no such committee, the creditors) sanction their continuance."
- Insolvency Act 1986, s.103, [section 103 (cesser of directors' powers)](https://www.legislation.gov.uk/ukpga/1986/45/section/103), read 2026-10-28, The rule, in its words: "On the appointment of a liquidator, all the powers of the directors cease, except so far as the liquidation committee (or, if there is no such committee, the creditors) sanction their continuance."
- Insolvency Act 1986, s.114, [section 114 (no liquidator appointed or nominated by company)](https://www.legislation.gov.uk/ukpga/1986/45/section/114), read 2026-10-28, The closing route it governs: "This section applies where, in the case of a voluntary winding up, no liquidator has been appointed or nominated by the company."
- Insolvency Act 1986, s.114, [section 114 (no liquidator appointed or nominated by company)](https://www.legislation.gov.uk/ukpga/1986/45/section/114), read 2026-10-28, Who it gives the say over the company's property: "The powers of the directors shall not be exercised, except with the sanction of the court"
- Insolvency Act 1986, s.114, [section 114 (no liquidator appointed or nominated by company)](https://www.legislation.gov.uk/ukpga/1986/45/section/114), read 2026-10-28, The rule, in its words: "The powers of the directors shall not be exercised, except with the sanction of the court"
- Insolvency Act 1986, s.91, [section 91 (appointment of liquidator in a members' voluntary winding up)](https://www.legislation.gov.uk/ukpga/1986/45/section/91), read 2026-10-28, The closing route it governs: "In a members’ voluntary winding up, the company in general meeting shall appoint one or more liquidators for the purpose of winding up the company’s affairs and distributing its assets."
- Insolvency Act 1986, s.91, [section 91 (appointment of liquidator in a members' voluntary winding up)](https://www.legislation.gov.uk/ukpga/1986/45/section/91), read 2026-10-28, Who it gives the say over the company's property: "On the appointment of a liquidator all the powers of the directors cease, except so far as the company in general meeting or the liquidator sanctions their continuance."
- Insolvency Act 1986, s.91, [section 91 (appointment of liquidator in a members' voluntary winding up)](https://www.legislation.gov.uk/ukpga/1986/45/section/91), read 2026-10-28, The rule, in its words: "On the appointment of a liquidator all the powers of the directors cease, except so far as the company in general meeting or the liquidator sanctions their continuance."
- Insolvency Act 1986, Schedule B1, paragraph 64, [Schedule B1 (administration), paragraph 64](https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1), read 2026-10-08, The closing route it governs: "A company in administration or an officer of a company in administration may not exercise a management power without the consent of the administrator."
- Insolvency Act 1986, Schedule B1, paragraph 64, [Schedule B1 (administration), paragraph 64](https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1), read 2026-10-08, Who it gives the say over the company's property: "A company in administration or an officer of a company in administration may not exercise a management power without the consent of the administrator."
- Insolvency Act 1986, Schedule B1, paragraph 64, [Schedule B1 (administration), paragraph 64](https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1), read 2026-10-08, The rule, in its words: "A company in administration or an officer of a company in administration may not exercise a management power without the consent of the administrator."

## Methodology

Each rule's own UK statutes, the FCA Handbook and GOV.UK guidance were read through estate-fetch and stored whole (sha256 on every row). For every statute, regulator or GOV.UK page, three questions were answered from its own words: the closing route it governs, who it gives the say over the company's property, the rule, in its words. Every stated answer carries the sentence it rests on, checked against the stored text; 'not stated' means the statute, regulator or GOV.UK page read does not address the question. A rule with several statute, regulator and GOV.UK pages reads 'varies' where they disagree. 9 rules, 9 statute, regulator and GOV.UK pages.

## Sources

- [Companies Act 2006, s.1003 (application for voluntary striking off)](https://www.legislation.gov.uk/ukpga/2006/46/section/1003) (read)
- [Companies Act 2006, s.1004 (no application after trading or a disposal for value in the previous three months)](https://www.legislation.gov.uk/ukpga/2006/46/section/1004) (read)
- [Companies Act 2006, s.1012 (property of a dissolved company is bona vacantia)](https://www.legislation.gov.uk/ukpga/2006/46/section/1012) (read)
- [Insolvency Act 1986, s.91 (members' voluntary winding up: the directors' powers cease)](https://www.legislation.gov.uk/ukpga/1986/45/section/91) (read)
- [Insolvency Act 1986, s.103 (creditors' voluntary winding up: the directors' powers cease)](https://www.legislation.gov.uk/ukpga/1986/45/section/103) (read)
- [Insolvency Act 1986, s.114 (no liquidator yet: the directors' powers restricted)](https://www.legislation.gov.uk/ukpga/1986/45/section/114) (read)
- [Insolvency Act 1986, Schedule B1 (administration: an officer's management powers need the administrator's consent)](https://www.legislation.gov.uk/ukpga/1986/45/schedule/B1) (read)
- [GOV.UK, Strike off your limited company from the Companies Register](https://www.gov.uk/strike-off-your-company-from-companies-register) (read)
- [FCA Handbook, SYSC 9.1 (general rules on record-keeping)](https://www.handbook.fca.org.uk/handbook/SYSC/9/1.html) (read)

## Cite or embed

- 9 UK rules on who decides about a closing company's property and records, each quoted from the statute, the regulator or GOV.UK, read 28 October 2026.
- The closing route it governs, by rule: striking the company off the register 3 of 9, administration 1 of 9, a voluntary winding up before a liquidator is appointed 1 of 9, a creditors' voluntary winding up 1 of 9, a company once dissolved 1 of 9, a members' voluntary winding up 1 of 9, a firm the FCA regulates 1 of 9 (9 rules, read 28 October 2026).
- Who it gives the say over the company's property, by rule: the directors 3 of 9, the liquidator, or whoever sanctions the directors' powers 2 of 9, the administrator 1 of 9, the court 1 of 9, the Crown, as bona vacantia 1 of 9, the firm itself, under the regulator's rules 1 of 9 (9 rules, read 28 October 2026).
- The rule, in its words, by rule: stated 9 of 9 (9 rules, read 28 October 2026).

Cite as: "Who decides about a closing company's records", updated 2026-10-28, https://sellcompanyrecordstoai.com/datasets/company-closing-powers-law/.

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