Volga-Dnepr UK strike-off notice discontinued

The compulsory strike-off notice that was served to Volga-Dnepr UK earlier this year has now been withdrawn according to Companies House.

A new filing on the UK’s company register dated December 21 shows that cause has been shown as to why Volga-Dnepr UK should not be struck off the register.

“Accordingly the registrar is taking no further action,” the notice reads, without providing further details.

Volga-Dnepr UK had first been served with the strike-off notice on October 25 and had been given two months to provide information on why it should not be struck off.

If the company had failed to show cause as to why it should not be struck off in the two-month period “all property and rights vested in, or held in trust for, the company” would have been transferred over to the UK.

A company can receive a strike-off notice if directors have consistently failed to file tax returns and annual statements, or to comply with the Companies Act regulations.

This can include non-payment of tax or failure to submit company accounts.

Strike-offs can be solved by the company addressing the failures or if a creditor launches a challenge to the notice.

The company may also choose to file for liquidation.

Alexey Isaykin and Cargo Logic Management are listed as two of the company’s directors on Companies House.

Soviet-born entrepreneur Isaykin has Cypriot citizenship and was until recently president and board member of Russia-based freighter airline group Volga-Dnepr Group.

In June, the UK government sanctioned Isaykin stating that he was – at the time – president and board member of Volga-Dnepr Group, a “Russian transport company with significant air operations that is contracted by the Russian Government to create air bridges that carry critical goods”.

The Russian freighter operator had in April won an “unprecedented” deal with Moscow for the creation of air bridges between Russia and several countries to carry critical goods.

Two weeks after the sanctions against him were introduced Isaykin resigned from his position as a director of UK-based freighter operator CargoLogicAir.

CargoLogicAir entered administration in November.

Meanwhile, Isaykin also reportedly exited his ownership of the Volga-Dnepr Group back in August through a management buyout.