Company Dissolution
Dissolve and close your company in the most cost-effective manner.
Can I dissolve my company?
If your company is solvent with few assets, or insolvent with creditors unlikely to object; then dissolution alone may be possible.
Can I simply dissolve my business?
Dissolution is often a cheaper way to close a company compared to liquidation
When Dissolution is Suitable?
There must be no outstanding debts or liabilities, no ongoing legal proceedings and unanimous agreement among all directors and shareholders.
When Dissolution is Not Suitable?
For solvent companies with shareholder distributions over £25,000, a Members’ Voluntary Liquidation is preferable for tax reasons. For insolvent companies with creditors or HMRC likely to object, a Creditors’ Voluntary Liquidation is needed.
Why Use A Professional Service?
It's vital all matters are dealt with correctly – otherwise it could be costly, for example:
- Post-dissolution, any assets of a dissolved company are frozen, and any credit balance belongs to the Crown.
- A company can be restored by court order for reasons such as outstanding debt or HMRC liability..
Dissolving Your Company With Us
We can be as hands-on as you require, handling creditors, Companies House, and HMRC.
The strike-off process addresses outstanding company assets, debts, and any other unresolved issues. Upon completion, your company is removed from the register, and your duties as a director come to an end.
