Company Dissolution

You can close down a Limited Company if the following circumstances applies:

  • the company has not traded in the last 3 months
  • has not changed names in the last 3 months
  • is not threatened with liquidation
  • has no agreement with any creditors.

To close down the business properly you have certain responsibilities:

  • you must inform anyone who could be affected, such as the Shareholders, creditors, employees, and any Directors who didn’t sign the application form
  • you have to file the last tax returns and pay your taxes in full
  • you have to close down the business bank account
  • you have to keep all business records for 7 years after the company struck off

The whole process takes about 2-3 months.

If you need help with closing your Limited Company, please contact us for more details.

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