How do I file a Members Voluntary Strike Off?

Why file for a Members Voluntary Strike Off?

A Members Voluntary Liquidation is the process of bringing a solvent company to a close. This option is available only if your company is solvent, and one of the following conditions apply:

• You want to retire
• You want to step down from the family business, and no one else wants to run the company
• You don’t want to run the business anymore

The Members Voluntary Strike Off process:

To apply for this process, you need to:

• Make a ‘Declaration of solvency’ (for English and Welse companies)
• Request for form 4.25 (Scot) from the Accountant in Bankruptcy (Scottish companies)
  

After signing the declaration or form, there are a few additional steps you need to take before completing the process. This information is available on the HMRC website.