Insolvency: Assets
The question
To ask the Solicitor General, how many registered freehold titles in England and Wales are vested in the Crown as bona vacantia as a consequence of companies being dissolved through (a) striking off by the Registrar of Companies and (b) a formal liquidation process.
Answered by Sarah Sackman
The Bona Vacantia Division (“the Division”) of the Government Legal Department acts on behalf of the Treasury Solicitor (the Crown’s Nominee for bona vacantia).
The Division is currently dealing with 380 freehold titles which appear to have vested as bona vacantia following dissolution via striking off by the Registrar of Companies or formal liquidation.
Freehold titles from companies dissolved following liquidation are less likely to vest as bona vacantia as they are normally disposed of prior to dissolution by the Insolvency Practitioner.
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