On a practical basis, dissolving a company involves winding down the business’ affairs over a period of time - closing down your payroll, for example, bringing outstanding tax obligations up to date, and ensuring that all creditors can be repaid within 12 months of closure.
Need to speak to someone?
If your company is struggling with unmanageable debts, squeezed cash flow, or an uncertain future, you are far from alone. We speak to company directors just like you every single day, and we are here to give you the help and advice you need. Call our team today on 0800 644 6080
This video explains why notifying creditors of your intention to close the company is very important. If you fail to inform all your creditors the company could be reinstated to allow them to claim any monies owed.
Other criteria also apply to company strike off. These include:
Not changing the company’s name for three months
Not selling or trading any business stock for three months
Not being at risk of liquidation
Form DS01 is used to dissolve your company, and this is sent to Companies House along with a £10 fee. The closure is advertised in the Gazette and if no objections are made the business is removed from the Register of Companies three months later.
Contact the RBR Team Today
Free Insolvency Report
Claim Your Free Business Review
All UK sectors are experiencing specific challenges at present, particularly in light of the Covid-19 pandemic. Find out how your sector is performing here.
Simply search your Limited Company Name or Company Number
Please select your company from the list below:
We will also check if you’re eligible for Director Redundancy
We provide free confidential advice with absolutely no obligation. Our expert and non-judgemental team are ready to assist directors and stakeholders today.
Free Business Review
Claim your Free Business Review to understand what options are available to you.