45
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Close down a limited company for £85 with our expert services.
Company dissolution is an efficient way to close a business. It involves the director(s) submitting a voluntary application to Companies House to remove the company from the public register.
Sometimes things don’t go as planned, and you may find yourself as the Director of a limited company that generates little or no revenue. Even when your company isn’t trading or making a profit, you’re still legally required to submit annual filings, such as the Confirmation Statement, Corporation Tax return, and Annual Accounts. These filings can become a financial burden, especially when your company isn’t providing any benefits. In such situations, you may want to consider dissolving or closing your UK Ltd company.
The company dissolution process can be tricky and is not always straight forward, as there are a number of legal obligations as there are a number of legal obligations you must meet before closing down a limited company. With this in mind, we offer a low cost and convenient A-Z Company Closure Service that has been designed to make the process easy and trouble free for you. We handle the entire process, from the initial application through to ensuring it is listed on the First Gazette (this is a legal requirement). We also speak to Companies House on your behalf to address any queries they may have.
Once Companies House accept your application to close your company, they take a minimum of 8 weeks to process the application. This is to ensure that a third party does not raise any objections to you closing your company. There is no way to reduce this time as the final stages of dissolving a company lays completely with Companies House.
If you purchase our service and you are an existing virtual office customer, we will allow you to use our address for free as your company's registered and correspondence address during the dissolution process once your existing virtual office subscription expires.
For new customers who are not using our virtual address service, they are welcome to use our address for free as the registered address and correspondence address for their company during the dissolution process. Just email us after purchase and we will allocate you with your own unique address.
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There are several reasons you may want to close a limited company, this includes:
You are required to notify all individuals and entities with an interest in the ongoing operation of your business within seven days. This includes (but is not limited to):
It generally takes Companies House 2 to 3 months to close a company.
Dissolving a company is typically done when the company is solvent but no longer trading. Whereas, liquidation occurs when a company faces financial difficulties and is unable to pay its debts.
No. A dissolved company ceases to exist and cannot enter contracts, incur debt, or conduct business. Operating under its name is illegal and carries serious consequences.
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