Hi all - Hope everyone is well,
Our CIC team is taking on work in different fields and are thinking about placing our CIC on 'hold' till next year when we begin a new project together again.
Is there anything in particular that we need to do, as we wont be trading?
Thanks in advance!
You need to submit this information to Co- House, so that means sending details of dormant accounts and an annual statement just as you would if you had traded. A CIC can be dormant for up to 5 years before losing it's CIC status