diff --git a/InvenTree/company/admin.py b/InvenTree/company/admin.py
index af767f3fdc..97327a559a 100644
--- a/InvenTree/company/admin.py
+++ b/InvenTree/company/admin.py
@@ -21,7 +21,6 @@ class CompanyResource(ModelResource):
 
     class Meta:
         model = Company
-        exclude = ('is_deleted', )
         skip_unchanged = True
         report_skipped = False
         clean_model_instances = True
@@ -38,14 +37,6 @@ class CompanyAdmin(ImportExportModelAdmin):
         'description',
     ]
 
-    exclude = ('is_deleted',)
-
-    def has_delete_permission(self, request, obj=None):
-        """Magic objects are not allowd to be deleted"""
-        if obj and obj.is_deleted:
-            return False
-        return True
-
 
 class SupplierPartResource(ModelResource):
     """
diff --git a/InvenTree/company/models.py b/InvenTree/company/models.py
index 7866fbc8a7..e4b3a1b640 100644
--- a/InvenTree/company/models.py
+++ b/InvenTree/company/models.py
@@ -60,20 +60,6 @@ def rename_company_image(instance, filename):
     return os.path.join(base, fn)
 
 
-def get_deleted_company():
-    """
-    Returns the deleted company object
-    """
-    return Company.objects.get_or_create(
-        name='deleted',
-        email='deleted',
-        is_deleted=True,
-        is_customer=True,
-        is_supplier=True,
-        is_manufacturer=True
-    )[0]
-
-
 class Company(models.Model):
     """ A Company object represents an external company.
     It may be a supplier or a customer or a manufacturer (or a combination)
@@ -161,8 +147,6 @@ class Company(models.Model):
 
     is_manufacturer = models.BooleanField(default=False, verbose_name=_('is manufacturer'), help_text=_('Does this company manufacture parts?'))
 
-    is_deleted = models.BooleanField(default=False, verbose_name=_('is deleted'), help_text=_('Is this company a deleted placeholder?'))
-
     currency = models.CharField(
         max_length=3,
         verbose_name=_('Currency'),
@@ -282,18 +266,6 @@ class Company(models.Model):
 
         return self.purchase_orders.filter(status__in=PurchaseOrderStatus.FAILED)
 
-    def save(self, *args, **kwargs):
-        """Save the instance, unless it is the magic already deleted object"""
-        if self.pk and self.is_deleted:
-            raise PermissionDenied(_('This company is a placeholder and can not be updated'))
-        return super().save(*args, **kwargs)
-
-    def delete(self, *args, **kwargs):
-        """Delete the instance, unless it is the magic already deleted object"""
-        if self.is_deleted:
-            raise PermissionDenied(_('This company is a placeholder and can not be deleted'))
-        return super().delete(*args, **kwargs)
-
 
 class Contact(models.Model):
     """ A Contact represents a person who works at a particular company.
diff --git a/InvenTree/order/models.py b/InvenTree/order/models.py
index b9bec62890..2eb5b0d69c 100644
--- a/InvenTree/order/models.py
+++ b/InvenTree/order/models.py
@@ -24,7 +24,7 @@ from mptt.models import TreeForeignKey
 from users import models as UserModels
 from part import models as PartModels
 from stock import models as stock_models
-from company.models import Company, SupplierPart, get_deleted_company
+from company.models import Company, SupplierPart
 from plugin.events import trigger_event
 
 import InvenTree.helpers
@@ -219,7 +219,7 @@ class PurchaseOrder(Order):
                                          help_text=_('Purchase order status'))
 
     supplier = models.ForeignKey(
-        Company, on_delete=models.SET(get_deleted_company),
+        Company, on_delete=models.SET_NULL,
         limit_choices_to={
             'is_supplier': True,
         },
@@ -567,7 +567,7 @@ class SalesOrder(Order):
 
     customer = models.ForeignKey(
         Company,
-        on_delete=models.SET(get_deleted_company),
+        on_delete=models.SET_NULL,
         null=True,
         limit_choices_to={'is_customer': True},
         related_name='sales_orders',