What is company dissolution?
Company dissolution is the process of officially closing down a company. It involves ceasing all business activities, settling debts, distributing assets (if any), and notifying relevant authorities of the company’s closure.
When should I dissolve my company?
You should consider dissolving your company if it is no longer trading, has fulfilled its purpose, or if you wish to retire or move on to other ventures. It’s important to ensure all legal and financial obligations are met before initiating dissolution.
What are the consequences of not properly dissolving a company?
What are the consequences of not properly dissolving a company?
How long does the company dissolution process take?
The dissolution process typically takes around 3 to 6 months, depending on various factors including the completeness of documentation, clearance of outstanding debts, and compliance with legal requirements.
What documents are required for company dissolution?
Required documents often include board resolutions, financial statements, tax clearances, and a completed dissolution application. Our experts will guide you through gathering and preparing these documents.
Can I dissolve a company with outstanding debts?
Yes, but all debts must be settled or otherwise addressed before dissolution can proceed.
What happens to company assets during dissolution?
Yes, but all debts must be settled or otherwise addressed before dissolution can proceed.
Do I need to notify HMRC of company dissolution?
Yes, notifying HMRC is a crucial part of the dissolution process. This involves finalising tax matters, obtaining clearances, and submitting necessary documentation to HMRC.
Can a dissolved company be restored?
Yes, in certain circumstances, a dissolved company can be restored to the Companies Register. Our company restoration service can assist in navigating the restoration process and bringing your company back into existence.
How much does company dissolution cost?
Costs can vary depending on the complexity of the dissolution and any outstanding issues such as debts or legal matters. Our pricing is transparent, and we provide tailored quotes based on your specific circumstances.