How to reclaim bona vacantia after a dissolved company is restored to the register.
Applies to England and Wales
When a company has been restored to the register, an application can be made to release any cash assets that were passed to or collected by the Bona Vacantia Division (BVD) of the Treasury Solicitor at the date of dissolution.
The RA15 application allows the relevant person(s) to apply for repayment to be made to the restored company or a third party.
Please note that BVD cannot advise on the process of restoring the company to the Register. For more information on how to restore a company to the register, you can consult the Companies House guidance on restoring a dissolved company. https://www.gov.uk/restore-dissolved-company
The processing time for an application is up to 20 working days from the date received.
Who can apply
You must be one of the following in order to be eligible to apply for a repayment:
- Company Director
- Company Secretary
- Insolvency Practitioner
When to apply
You can only apply for a repayment once the company has been restored to the Register of Companies. If you want to find out more about company restorations, you can refer to the Companies House guidance https://www.gov.uk/restore-dissolved-company.
A repayment can only take place once a third party, such as a bank, has referred the assets of the dissolved company to BVD.
If you are unsure, please check that a referral has taken place prior to starting an application.
What it will cost
There are no charges or fee deductions for this application.
How to apply
You will need to submit the following documents as part of your application:
- A completed RA15 application
- A copy of the court order restoring the company or in case of an administrative restoration, an RT01 confirmation letter from Companies House
- A completed Payment Authority form, only required where a repayment is being made to a third party, for example a personal account or an entity other than the restored company
- If applicable, proofs of identity as per the requirements detailed below
Where the amount being repaid is less than £10,000
Generally BVD will not require proof of identity unless a third party payment is required.
In circumstances where a repayment to an account other than that of the restored company is requested, you will need to provide two proofs of identity to support your application:
- A certified copy of ID proving your name (e.g. Passport)
- A certified copy of ID proving your residential address (e.g. Utilities bill or bank statement no more than 3 months old)
If there is more than 1 officer of the company, each officer must complete and sign the payment authority and submit certified copies of their proof of identity documents. For instance, if a company has 2 officers, both are required to sign the Payment Authority form. Please do NOT send original identity documents to this office.
In circumstances where the Payment Authority is being signed by a separate company, the proof of identity requirement will apply. Please consult the “Companies and other Legal Structures” section in the Proof of Identity Checklist. https://www.gov.uk/government/publications/proof-of-identity-checklist
Where the amount being repaid is more than £10,000
Your application will automatically be subject to anti-money laundering checks. The identity requirements will therefore apply for:
- The person who signs the RA15
- The majority of company officers
- Shareholders who hold 25% of or more of the shares in the restored company
If one of the Shareholders holding 25% or more is a company, proof of identity will be required for that company. Please consult the “Companies and other Legal Structures” section in the Proof of Identity Checklist. https://www.gov.uk/government/publications/proof-of-identity-checklist
Please note that anti-money laundering checks will apply regardless of whether the repayment is to be made payable to the company or a third party.
Prior to submitting your proofs of ID, they will need to be certified as being true copies.
If you reside in the UK, this can be done either by:
- Document Certification Service provided by the Post Office
- A practising Solicitor
If you reside outside of the UK:
- A Notary Public registered in your country of residence
- A British Embassy, Consulate or High Commission
- Courts or Justice Ministry services in your country of residence
RA15 Application & Payment Authority Forms
The RA15 application comprises of two parts, an application form (RA15) along with a Payment Authority (PA). Please note that the Payment Authority must be completed if the repayment is to be made to a third party, which is an account other than the restored company. In circumstances where the majority of company officers are required, Payment Authority forms will have to be completed and signed respectively.
Applications should be submitted to BVD electronically. Please send your applications together with the supporting proofs of identity documents by email to the following address: email@example.com
Due to the current Government guidance concerning coronavirus (COVID-19) we are accepting scanned Identification Documents which do not have to be verified by the Post Office, practising Solicitor or a Notary Public as stated in our guidelines and forms.
Contact and Enquires
Bona Vacantia - Cash Balance
Please use this email address for all enquiries relating to the cash assets of dissolved companies.
Select option 1 for Cash Balance Team