Pros and cons of company restoration compared to opening a new company

Pros of company restoration You can retrieve assets that are held by the Crown (which have not yet been disposed of) You can trade again with the same legal entity (including Company Registration Number Cons of company restoration More expensive than opening a new company Any late filing fees will become due Time consuming You may not be able to restore your company Company name is available until the company is restored – greater risk company name will be taken