Company Dissolution
Why do I need to close my company?
- (i) No further need to file annual accounts and confirmation statements – Save money and time.
- (ii) Avoid the risk of fines and prosecutions for late corporate filings.
- (iii) Protect your reputation as a director by avoiding an involuntary dissolution appearing on your public record.
What is included?
- (i) Companies House fee
- (ii) Completion and filing of the DS01 form (the application to strike off a company)
- (iii) Board Resolution approving the dissolution
Notes
- (i) You will receive your Board Resolution by email which should be retained with the company records.
- (ii) The director(s) will receive an email invitation to electronically sign an application for dissolution – which you would need to sign and submit.
- (iii) Documents are filed on your behalf at Companies House.
- (iv) We will be notified by email once the application to dissolve the company has been accepted by Companies House.
- (v) Companies House will inform you by letter to your registered office once the company has been dissolved.
Please note the following must sign the form:
- The sole director, if there is only one
- Both directors, if there are two
- By all directors, or the majority of directors, if there are more than two
Company Dissolution - Frequently asked Questions
It usually takes Companies House 2 to 3 months to close a company.
A company cannot apply for voluntary strike off under the following circumstances:
- It has traded or sold stock in the last 3 months
- It has changed its name in the last 3 months
- It is the subject of legal proceedings against it
- It is in, or about to enter liquidation
- It has entered into a credit agreement
If your company cannot apply for dissolution due to any of the above circumstances, you should instead apply for voluntary liquidation to close it down.
We will notify you by email once your application has been accepted by Companies House. You will then be informed by Companies House in writing, once the company is dissolved.
Yes, you should close your company’s bank account before you apply. From the date a company is dissolved, its bank account will be frozen and any money in the account, together with any assets still in the company's name, will pass to the Crown.