Company Closure

£399 per month + VAT
£399 + VAT
Free
£399 per month + VAT get 50% off for 3 months
Only £ per month for the first 3 months

One-off company closure accounts.

  • Sole trader accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Dedicated personal accountant
  • Unlimited invoices
  • WhatsApp support
  • Self assessment tax return for 1 director
  • Sole trader accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Dedicated personal accountant
  • Unlimited invoices
  • Self assessment tax return for 1 director
  • WhatsApp support
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • VAT registration, returns & filing
  • Self assessment tax return for 1 director
  • Quarterly health checks
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Confirmation statement filing
  • Registered London business address
  • Company mail handling
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • VAT registration, returns & filing
  • Self assessment tax return for 2 directors
  • Quarterly health checks
  • Proactive reviews
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 2 directors
  • Annual accounts
  • Confirmation statement filing
  • Registered London business address
  • Company mail handling
  • £1M professional indemnity insurance

Already have an account?

Company Dissolution: Best Company Closure Service in the UK

Our company dissolution service in the UK is the best. Contact us to learn more about how we can help.

Closing a company, also referred to as company dissolution, is the formal process of ending a business entity's legal existence. If you are public limited company, a private limited company, or a limited liability partnership (LLP), you can apply to close the company. It involves ceasing all trading activities, liquidating assets, paying off debts, and notifying relevant authorities about the closure.

Understanding Company Dissolution in the UK

The process of company dissolution in the UK involves formally closing down a limited company. Company dissolution is the quick and easy procedure in which company directors voluntarily apply to companies house to strike off the company from the Companies House register, marking the end of its legal status as a company. Once the strike-off application is accepted, the company gets dissolved within 2-3 months. To dissolve a company, it is necessary to follow the proper legal procedures, which includes notifying various parties such as HMRC and Companies House. This can be a stressful time for the director of the company, but with the help of a limited company accountant, the process can be made smoother.

Company Dissolution vs Company Liquidation

Company dissolution is a voluntary process initiated by the company's directors, while liquidation can be voluntary liquidation or involuntary.

In dissolution, the company assets are distributed among its shareholders, whereas in liquidation, business assets are sold to settle outstanding debts.

Additionally, company dissolution typically occurs when a company is solvent, while liquidation is often used when a company is insolvent.

Why Should You Close Down Your Company?

Making the decision to close your company is a significant step that requires careful consideration. Let's check the reasons why you might opt for the company closure:

  • Financial troubles, insolvency, or an unsustainable financial outlook can prompt the decision to close down the company.
  • If you're considering a significant change in your business focus, merging with another company, or entering a new market, closing down your existing company might be the strategic move to facilitate this transition.
  • Life events, such as retirement, relocation, or changes in personal circumstances, can influence the decision to close the company.
  • Successfully accomplishing the objectives and goals you set out for your business can be a reason to consider closure.
  • Closing a company can also serve as a strategic move to reduce the liability of directors.

Voluntary Strike Off Eligibility Criteria

  • Your company must be solvent, meaning it can pay off all its debts, within 12 months following the date of the application for strike off.
  • The company should have ceased all trading activities for at least three months before applying for voluntary strike off. This period is essential to confirm there are no ongoing business operations.
  • The company should not have changed its name in the last three months. Also, you have not filed an application to change the company name.
  • Ensure that the company has no existing agreements, contracts, or legal disputes or it must not be involved in insolvency or liquidation process (including reaching any agreement with its creditors under a Company Voluntary Arrangement (CVA) that could hinder the strike-off process.
  • You should pay any outstanding Corporation Tax, PAYE, NI and settle other tax liabilities
  • File final accounts and a company tax return with HMRC
  • Ask HMRC to close down the company’s payroll scheme and deregister if VAT registered
  • Close the business bank accounts

Voluntary Dissolution Process

To initiate the voluntary company dissolution process, directors pass a board resolution, for the formal approval of dissolution through the board meeting. The necessary forms and documentation must be submitted to Companies House. A final set of accounts should be prepared, along with completing a confirmation statement. It is important to notify all known creditors about the intent to dissolve the company. To officially start the process, a DS01 form needs to be filed with Companies House, signed by a majority of the directors and including a statement of solvency. This procedure ensures a smooth and legally compliant voluntary company dissolution.

Company Dissolution Service by GoForma: A Seamless Journey to Closure

Once all the eligibility criteria are met, we will start the company closure process.

  1. Company directors sign the DS01 form.
  2. Our accountants will complete the appropriate DS01 form as supplied by Companies House and submit it on your behalf with the company closure fee.
  3. After reviewing the application, Companies House will publish a notice in the Gazette. Once the notice has been published, there is a two-month period for objections.
  4. If no objections are received, Companies House will issue a dissolution certificate, officially closing the company.

Let GoForma be your trusted partner in this journey toward a smooth company closure. Book a free consultation today to initiate the company dissolution process and experience a hassle-free transition to a new chapter.

Frequently asked questions

How long does the company dissolution process take?

The dissolution process typically spans three to six months, but exact timelines may vary based on individual circumstances.

What are the tax implications of company dissolution?

Tax implications may include capital gains tax or corporation tax on assets sold during the dissolution. It's essential to seek professional advice regarding tax matters.

When should I close my company’s business bank account?

It's advisable to close the business bank account before submitting the application to dissolve the company. After the company dissolution, if any bank accounts still open will be frozen, and the money will be passed to the Crown (the government).

Who do I need to inform when dissolving my company?

During the dissolution process, within the 7 days, you need to inform employees, creditors, clients, shareholders and other directors of the company who did not sign the dissolution application.

If I change my mind, can I restore a company after dissolution?

Yes, it is possible to apply for company restoration but you require to go through court restoration process for the same. If the dissolution application is accepted by the companies house but the company is not dissolved yet, you can withdraw the application by filing the DS02 form.

Are there any other charges or hidden fees in company closure service by GoForma?

No. All fees related to the company dissolution application are included in the price of this service.

What Happens After My Company Has Been Dissolved?

Once your company has been dissolved, its name will be removed from the official register at Companies House. Any remaining assets will be distributed as per the dissolution process. You won't need to file annual accounts or other documents anymore. Creditors and shareholders will be notified, and any legal restrictions or obligations associated with the company will cease to exist.

Company Closure

£399 per month + VAT
£399 + VAT
Free
£399 per month + VAT get 50% off for 3 months
Only £ per month for the first 3 months

One-off company closure accounts.

Use discount code 50OFF3 to get 50% off for 3 months.

  • Sole trader accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Dedicated personal accountant
  • Unlimited invoices
  • WhatsApp support
  • Self assessment tax return for 1 director
  • Sole trader accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Dedicated personal accountant
  • Unlimited invoices
  • Self assessment tax return for 1 director
  • WhatsApp support
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • VAT registration, returns & filing
  • Self assessment tax return for 1 director
  • Quarterly health checks
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Confirmation statement filing
  • Registered London business address
  • Company mail handling
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • VAT registration, returns & filing
  • Self assessment tax return for 2 directors
  • Quarterly health checks
  • Proactive reviews
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 2 directors
  • Annual accounts
  • Confirmation statement filing
  • Registered London business address
  • Company mail handling
  • £1M professional indemnity insurance

Already have an account?

Company Closure

£399 per month + VAT
£399 + VAT
Free
£399 per month + VAT get 50% off for 3 months
Only £ per month for the first 3 months

One-off company closure accounts.

Use discount code 50OFF3 to get 50% off for 3 months.

  • Sole trader accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Dedicated personal accountant
  • Unlimited invoices
  • WhatsApp support
  • Self assessment tax return for 1 director
  • Sole trader accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Dedicated personal accountant
  • Unlimited invoices
  • Self assessment tax return for 1 director
  • WhatsApp support
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • VAT registration, returns & filing
  • Self assessment tax return for 1 director
  • Quarterly health checks
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Confirmation statement filing
  • Registered London business address
  • Company mail handling
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • VAT registration, returns & filing
  • Self assessment tax return for 2 directors
  • Quarterly health checks
  • Proactive reviews
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 2 directors
  • Annual accounts
  • Confirmation statement filing
  • Registered London business address
  • Company mail handling
  • £1M professional indemnity insurance

Already have an account?

Company Dissolution: Best Company Closure Service in the UK

Our company dissolution service in the UK is the best. Contact us to learn more about how we can help.

Closing a company, also referred to as company dissolution, is the formal process of ending a business entity's legal existence. If you are public limited company, a private limited company, or a limited liability partnership (LLP), you can apply to close the company. It involves ceasing all trading activities, liquidating assets, paying off debts, and notifying relevant authorities about the closure.

Understanding Company Dissolution in the UK

The process of company dissolution in the UK involves formally closing down a limited company. Company dissolution is the quick and easy procedure in which company directors voluntarily apply to companies house to strike off the company from the Companies House register, marking the end of its legal status as a company. Once the strike-off application is accepted, the company gets dissolved within 2-3 months. To dissolve a company, it is necessary to follow the proper legal procedures, which includes notifying various parties such as HMRC and Companies House. This can be a stressful time for the director of the company, but with the help of a limited company accountant, the process can be made smoother.

Company Dissolution vs Company Liquidation

Company dissolution is a voluntary process initiated by the company's directors, while liquidation can be voluntary liquidation or involuntary.

In dissolution, the company assets are distributed among its shareholders, whereas in liquidation, business assets are sold to settle outstanding debts.

Additionally, company dissolution typically occurs when a company is solvent, while liquidation is often used when a company is insolvent.

Why Should You Close Down Your Company?

Making the decision to close your company is a significant step that requires careful consideration. Let's check the reasons why you might opt for the company closure:

  • Financial troubles, insolvency, or an unsustainable financial outlook can prompt the decision to close down the company.
  • If you're considering a significant change in your business focus, merging with another company, or entering a new market, closing down your existing company might be the strategic move to facilitate this transition.
  • Life events, such as retirement, relocation, or changes in personal circumstances, can influence the decision to close the company.
  • Successfully accomplishing the objectives and goals you set out for your business can be a reason to consider closure.
  • Closing a company can also serve as a strategic move to reduce the liability of directors.

Voluntary Strike Off Eligibility Criteria

  • Your company must be solvent, meaning it can pay off all its debts, within 12 months following the date of the application for strike off.
  • The company should have ceased all trading activities for at least three months before applying for voluntary strike off. This period is essential to confirm there are no ongoing business operations.
  • The company should not have changed its name in the last three months. Also, you have not filed an application to change the company name.
  • Ensure that the company has no existing agreements, contracts, or legal disputes or it must not be involved in insolvency or liquidation process (including reaching any agreement with its creditors under a Company Voluntary Arrangement (CVA) that could hinder the strike-off process.
  • You should pay any outstanding Corporation Tax, PAYE, NI and settle other tax liabilities
  • File final accounts and a company tax return with HMRC
  • Ask HMRC to close down the company’s payroll scheme and deregister if VAT registered
  • Close the business bank accounts

Voluntary Dissolution Process

To initiate the voluntary company dissolution process, directors pass a board resolution, for the formal approval of dissolution through the board meeting. The necessary forms and documentation must be submitted to Companies House. A final set of accounts should be prepared, along with completing a confirmation statement. It is important to notify all known creditors about the intent to dissolve the company. To officially start the process, a DS01 form needs to be filed with Companies House, signed by a majority of the directors and including a statement of solvency. This procedure ensures a smooth and legally compliant voluntary company dissolution.

Company Dissolution Service by GoForma: A Seamless Journey to Closure

Once all the eligibility criteria are met, we will start the company closure process.

  1. Company directors sign the DS01 form.
  2. Our accountants will complete the appropriate DS01 form as supplied by Companies House and submit it on your behalf with the company closure fee.
  3. After reviewing the application, Companies House will publish a notice in the Gazette. Once the notice has been published, there is a two-month period for objections.
  4. If no objections are received, Companies House will issue a dissolution certificate, officially closing the company.

Let GoForma be your trusted partner in this journey toward a smooth company closure. Book a free consultation today to initiate the company dissolution process and experience a hassle-free transition to a new chapter.

Frequently asked questions

How long does the company dissolution process take?

The dissolution process typically spans three to six months, but exact timelines may vary based on individual circumstances.

What are the tax implications of company dissolution?

Tax implications may include capital gains tax or corporation tax on assets sold during the dissolution. It's essential to seek professional advice regarding tax matters.

When should I close my company’s business bank account?

It's advisable to close the business bank account before submitting the application to dissolve the company. After the company dissolution, if any bank accounts still open will be frozen, and the money will be passed to the Crown (the government).

Who do I need to inform when dissolving my company?

During the dissolution process, within the 7 days, you need to inform employees, creditors, clients, shareholders and other directors of the company who did not sign the dissolution application.

If I change my mind, can I restore a company after dissolution?

Yes, it is possible to apply for company restoration but you require to go through court restoration process for the same. If the dissolution application is accepted by the companies house but the company is not dissolved yet, you can withdraw the application by filing the DS02 form.

Are there any other charges or hidden fees in company closure service by GoForma?

No. All fees related to the company dissolution application are included in the price of this service.

What Happens After My Company Has Been Dissolved?

Once your company has been dissolved, its name will be removed from the official register at Companies House. Any remaining assets will be distributed as per the dissolution process. You won't need to file annual accounts or other documents anymore. Creditors and shareholders will be notified, and any legal restrictions or obligations associated with the company will cease to exist.

Company Closure

£399/mo + VAT

One-off company closure accounts.

FAQs

Free trial period

- Not Started
  • You can sign up for a free trial period of 30 days without a credit card
  • After signing up you'll have access to an online dashboard which will walk through everything we need to activate your account
  • We are happy to extend your free trial period if you need longer before switching your accountant
  • You get unlimited access to an accountant, FreeAgent accounting software, business mail received at your registered address and partner discounts
  • Only one free trial allowed per Limited Company and contact
  • Once your free trial is nearing the end, we will request a payment method. Your account will be closed within 14 days if you do not continue with our service after your free trial.

Switching accountant

- Not Started
  • We won't charge you anything to switch your accounts
  • We can offer a £10/month discount if you have an RBS, Natwest or Mettle bank account - this is easily requested in your dashboard
  • The FreeAgent mobile app lets you easily scan receipts and send invoices
  • FreeAgent accounting software directly integrates with all main high street banking lenders apart from Metro bank
  • We will get your FreeAgent account all set up and import data from your previous accountant
  • We tried and tested a range of accounting software on the market and we think FreeAgent is the best option

Accounting software

- Not Started
  • We include FreeAgent software with any of our packages
  • We can offer a £10/month discount if you have an RBS, Natwest or Mettle bank account - this is easily requested in your dashboard
  • The FreeAgent mobile app lets you easily scan receipts and send invoices
  • FreeAgent accounting software directly integrates with all main high street banking lenders apart from Metro bank
  • We will get your FreeAgent account all set up and import data from your previous accountant
  • We tried and tested a range of accounting software on the market and we think FreeAgent is the best option

Registered address

- Not Started
  • We will need a proof of ID and address for each company director before we can handle your mail
  • We can help you switch your registered address on Companies House
  • Your registered address will be at our central London office at: 40 Bowling Green, London, EC1R 0NE

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FAQs

How much does an accountant cost in London?

What is the difference between a project accountant and a financial accountant?

Does a Dormant Company Need a Bank Account?

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Is Dormancy the Right Option for My Limited Company?

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Why Should I File My Self Assessment Early?

What Happens After My Company Has Been Dissolved?

Are there any other charges or hidden fees in company closure service by GoForma?

If I change my mind, can I restore a company after dissolution?

Who do I need to inform when dissolving my company?

When should I close my company’s business bank account?

What are the tax implications of company dissolution?

How long does the company dissolution process take?

Can You Set Up a UK Company from Abroad?

When can I start trading with my new company?

Do I Need a Business Bank Account?

What Details Do I Need to Form a Company?

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What is a Limited Company?

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