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Company Dissolutions

 / Company Dissolution Conditions

Company Dissolution Conditions

Company dissolution – otherwise known as striking off, or dissolving your company – can be a relatively cheap and straightforward way to close a solvent business that is no longer trading or no longer feasible. However, it isn’t available to every business. Here we outline the conditional requirements for company dissolution, together with all the steps that you’ll need to go through to ensure that the process is completed properly.



What are the legal processes?

If these conditions are in order, there are several steps that you’ll need to carry out to legally close down the business and dissolve the company:

  1. Convene meetings of the directors and shareholders of your company (depending on the memorandum and articles) to confirm the authority to start the dissolution process
  2. Ensure that all employees are paid in full including redundancies, final wages, holiday pay and salaries
  3. Inform all interested parties including HMRC that the company will be closing; request that your various tax positions are brought to an end
  4. Pay any final tax bills
  5. Ensure any outstanding Companies House documents have been filed
  6. Make sure that all shareholders and directors have a copy of the DS01 form (available from Companies House)
  7. Ensure that any managers or trustees of employee pension funds are also notified and have a copy of the DS01 form
  8. Get the company’s accounts and assets in order – make sure that any assets are shared amongst the shareholders before the company is struck off.  If they aren’t, assets will go to the Crown
  9. Close your bank accounts
  10. Send the DS01 form to Companies House
  11. Pay £10 filing fee (not from the company cheque book!)

IMPORTANT NOTE: You will need to keep records of your business documents for 7 years after the company is struck off the register.  If you’ve employed people, you must keep the employers liability insurance policy for 40 years from the date of the company dissolution.

What happens after I’ve sent the form?

Companies House will be in touch when it receives the DS01 form and if everything is in order, you will receive written acknowledgement.  Companies House will advertise the request to strike the company off in the London Gazette.  This will have a 2 month notice period attached to it

Can we do this for you?

You are not required to use an insolvency practice when dissolving your company, however some business owners prefer us to oversee the process for them.  We charge a flat fee of £900 plus VAT to do this.  Feel free to contact us for more information.

Business Rescue Expert is part of Robson Scott Associates Limited, a limited company registered in England and Wales No. 05331812, a leading independent insolvency practice, specialising in business rescue advice. The company holds professional indemnity insurance and complies with the EU Services Directive. Christopher Horner (IP no 16150) is licenced by the Insolvency Practitioners Association


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