Company dissolution review

Use our free tool below to discover if dissolution is the right option to take, or if there are better alternatives.

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Dissolution Review Tool

Legislation is changing with regards company dissolution. The changes are in relation to circumstances where the dissolution process is used to shut down a company that has remaining debts or liabilities. Under the new changes, directors who dissolve companies with existing liabilities may be held personally, financially liable.

1. Has the company ceased trading and received all payments due to it?

Yes No

2. Has your company paid all of its creditors in full?

Yes No

3. Are there any outstanding insurance claims against your company?

Yes No

4. Have employees (including directors) been paid all salary / employment entitlements due, including where appropriate notice pay, redundancy, outstanding holiday etc?

Yes No

5. Is the company pension scheme fully paid up?

Yes No

6. Have all tax accounts with HMRC been closed?

Yes No

7. Does the company have any remaining assets

Yes No

7a. What is the value of the remaining assets?

£0 £500,000

Result

Dissolution may not be appropriate for your business. Our Business Rescue Experts can provide free advice on the next steps for closing your business with an initial informal consultation.

Dissolution appears to be the most appropriate route for your company.

You may in fact benefit from a claim for entrepreneurs relief, if you would like to find out more, our business rescue experts will be happy to advise you on the next steps.

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