Voluntary vs involuntary strike-off
An involuntary strike-off happens when the CRO strikes a company off, usually for not filing annual returns. A director of such a company can be disqualified under section 842(h) of the Companies Act 2014 unless they can prove the company had no outstanding debts. A voluntary strike-off avoids that risk.
Involuntary strike-off
The CRO can strike a company off for failing to file annual returns, or at Revenue's request. The company is dissolved and its property passes to the State, but late filing penalties built up along the way, and the directors can face action.
The disqualification risk
Under section 842(h) of the Companies Act 2014, a person who was a director of a company struck off for not filing its annual returns may be disqualified, unless they can prove the company had no outstanding debts. Enforcement authorities have pursued directors of companies struck off while owing money.
Voluntary strike-off
The directors close the company on their own terms, with every filing up to date and Revenue's written agreement. It costs a fixed fee and leaves a clean record. See how to strike off a company.
Already on the CRO's strike-off list?
Act quickly. File the outstanding returns, then close the company properly. LateAnnualReturns.ie can help with overdue returns.
Last checked 13 November 2026 against CRO and Revenue guidance. This is general information, not legal advice for your company.