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 has been struck off 

The whole process takes about 2 to 3 months. 

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



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