The company which operated Chesterfield Hotel no longer faces the axe.
In January, Companies House warned GS Trading VI (Chesterfield) Ltd that it could be struck off and dissolved after it failed to file documentation on time.
Companies House, a Government agency, has now discontinued its threat after receiving the firm's annual return.
If the company had been dissolved, Chesterfield Hotel - which has stood empty for over a year - would have become property of the Crown.
Although the hotel is closed, GS Trading VI (Chesterfield) Ltd remains an active firm.
It remains unclear what the company intends to do with the prominent Malkin Street site.
The abandoned building is currently under constant security surveillance and boards cover a number of ground-floor windows which have been smashed by vandals.
Forty-five members of staff lost their jobs when Chesterfield Hotel shut on January 31, 2015, and workers are currently going through the employment tribunal process over alleged unpaid wages and redundancy payouts.
Meanwhile, customers who were left hundreds of pounds out of pocket when the hotel’s leisure centre closed in 2014 are still wondering when – or if – they will be refunded.
Chesterfield Hotel was a major employer and social venue for almost 140 years, making it one of the town's longest-running businesses.
The exact reason for Chesterfield Hotel's closure has never been revealed - but the town's MP Toby Perkins held urgent talks with representatives from the business to discuss various financial problems before it shut.
In January, Spanish businessman Malcolm Aw resigned as a director of GS Trading VI (Chesterfield) Ltd.
The 68-year-old, of Adeje, Tenerife, told the Derbyshire Times he wanted nothing more to do with the company.
He had intended to allow the building to be used by organisations which help vulnerable people - but this never happened.
GS Trading VI (Chesterfield) now has just one director - Daniel James O'Doherty. The 71-year-old is also the sole shareholder, according to Companies House.