Watson College Limited, the company that traded as Shelbourne College, has been listed for strike off by the Companies Registration Office (CRO). This usually happens when a company has not filed annual returns (accounts) for a long period, as in this case; Watson College Limited’s last filing was at the end of 2013. There is a short period during which directors of a company can resolve the situation but that would appear unlikely in this instance. After strike off, a company ceases to exist as a legal entity.
Strike-off is an expected step for all colleges which have ceased trading without going into liquidation. The company being listed for strike-off does not make any change to the overall situation for anyone who lost money to this college.
Update 12/4/16 – Allied Irish College Ltd, the Cork-based tie in with Millennium College and the 5th college to close in 2014, has also been listed for strike-off.
Update 18/4/16 – Watson College Limited has been struck off the register of companies and is now dissolved.