Company Dissolution

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Updated on : 16-Dec-2024   02:58 PM GMT | 4 min read

Dissolve or Close Your Limited Company

There are two ways to dissolve a company –

• Company dissolution by Companies House - When a company does not comply with the legal requirements of submitting annual returns, Companies House might start the dissolution process which results in striking off the company name from the Companies House register.
• Voluntary dissolution by the company - When a company is no longer needed, director of the company can apply to Companies House for voluntary dissolution and the name of the company will get strike off from Companies House register.

To be eligible for voluntary dissolution, your company must be free from debts before submitting the dissolution application to Companies House. Creditors may challenge the process of closing limited companyfor company restoration at a later date if debts are unresolved.

General Reasons for Dissolving a Limited Company

The general reasons for dissolving a limited company are as follows –

1. Non-working of company’s business
2. Company members not interested to take it further.
3. In case the company is a subsidiary and the registered business name is no longer required.

Who is not eligible to apply for voluntary dissolution?

A company cannot apply for voluntary dissolution under the following circumstances –

1. In case the company has traded or sold stock in the last 3 months
2. If case the company has change its name in the past 3 months.
3. In case there are some legal proceedings going on in the company.
4. In case the company is not free from debt.
5. If the company is about to enter the liquidation stage.

Why choose us?

1. Experienced & dedicated professionals
2. Filing of company dissolution form to companies house
3. Speedy completion of the dissolution process.
4. Compliant with the legal requirements
5. Save your money and time on filing annual accounts & confirmation statements
6. Avoid the risk of late filings & penalties
7. Avoid filing of complicated forms
8. Avoid stressful legal process

How FinacBooks help in Company dissolution?

FinacBooks is a leading UK portal providing accounting, finance & taxation services to freelancers, contractors, consultants and small businesses. We are having more than 10 years of experience helping businesses in company dissolution. We will guide you through the entire process of voluntarily dissolving your company. To avail the best deals on Company Dissolution, Kindly call us at 03300886645 or you can also e-mail us at business@finacbooks.com.