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.

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.

Failure to properly dissolve a company can lead to penalties, continued legal obligations, and liabilities for directors. It may also affect your personal credit rating and ability to start new businesses in the future.

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.

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.

Yes, but all debts must be settled or otherwise addressed before dissolution can proceed.

Assets must be distributed to creditors and shareholders according to legal priorities and agreements. Our dissolution service ensures proper handling and documentation of asset distribution.

Yes, notifying HMRC is a crucial part of the dissolution process. This involves finalising tax matters, obtaining clearances, and submitting necessary documentation to HMRC.

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.

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.