50% dormancy discount

Start Dormancy

£75
£37.50
per month*
£37.50 per month + VAT
Free

Is your company no longer trading? Looking to make your company dormant? Use the best company dormancy services in UK to help you meet your legal obligations.

  • 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

Is your business facing a period of inactivity or temporary closure? Are you looking to put your business on hold, legally and responsibly? Make your company dormant! Company dormancy is a legal status for UK registered businesses that are temporarily inactive or not engaged in significant financial transactions. This state of dormancy allows you to safeguard your company's interests while reducing administrative burdens and financial obligations.

In the UK, every limited company must file a set of accounts each year. If your company is dormant, meaning it's not actively trading, you don't have to file full accounts. But you still need to submit dormant company accounts. Directors are responsible for submitting these dormant accounts. If they don't file them online, they can get hit with big penalties, which could go up to thousands of pounds. And, persistent non-compliance lead to even company dissolution!

Dormant Company Meaning

Companies House considers a company "dormant" that has had no "significant accounting transactions" during the accounting period. Essentially, it's a legal status for a company that's not actively trading or engaged in any business activities.

Significant transactions don’t include:

  • Filing fees paid to Companies House
  • Late filing penalties
  • Payment for shares issued at the time of incorporation

As long as there haven't been any of these transactions, the company can be classified as dormant. Significant accounting transaction includes settling an invoice, paying bank charges, bank interest, paying employees, or giving dividends to shareholders, which can cause the company to lose its dormant status.

Why Shareholders Choose to Make a Company Dormant?

  • Temporary Inactivity: When a business is temporarily on halt due to various reasons such as market fluctuations, restructuring, or change in business direction.
  • Market Analysis and Planning: To take a strategic pause, analyze market trends, reevaluate business strategies, or plan for future growth without the pressure of active operations.
  • Personal Circumstances: Due to personal reasons like health issues, family matters, or other commitments, the business owner might opt for dormancy to temporarily step back from the day-to-day operations.
  • Seasonal Businesses: Entities that operate seasonally may opt for dormancy during off-seasons to minimise costs and resume full operations during peak times.
  • Business Restructuring: When a company undergoes restructuring, mergers, acquisitions, or changes in ownership, making the company dormant can be a strategic step in the transition process.

How to Make a Company Dormant

  1. File the AA02 form or a Company Tax Return online to inform HMRC that your company is dormant
  2. Prepare and submit annual accounts called dormant accounts to Companies House
  3. If the company is VAT registered, submit 'nil' VAT returns or proceed to de-register if you don't plan to operate through your limited company again.
  4. Close down your PAYE scheme if you are not planning to operate through your limited company in the same tax year.

If you find it challenging or need guidance, consider consulting a limited company accountant specialising in dormancy services for assistance.

What Are Dormant Accounts?

Dormant company accounts are a simplified form of accounts to be submitted to the Companies House. They basically just show a balance sheet that lists the company's share capital. These accounts are a big help because they lessen the amount of paperwork needed. With dormant company accounts, there's no need to include detailed profit and loss accounts or a director's report, which makes things much simpler for the company.

How GoForma Helps with Dormant Company Accounts

We assist dormant companies in fulfilling their statutory obligations regarding the filing of dormant accounts. It relieves dormant companies of the administrative burden associated with preparing and submitting dormant accounts, ensuring compliance with regulatory requirements.

Here's what include under Dormant Company Accounts Service:

  1. Completion and Filing of Form AA02 Dormant Company Accounts (DCA):Our service takes care of filling out and submitting Form AA02, which is specifically for dormant company accounts. We ensure all the necessary details are accurately filled in, saving you time and effort.
  2. Fast Turnaround - Ideal for Customers Approaching Filing Deadline: Our dormant company accountants understand the urgency of meeting deadlines, especially when it comes to filing accounts. With our service, you can expect a swift turnaround, perfect for customers nearing their filing deadline. We prioritize efficiency to ensure your accounts are submitted quickly.
  3. Confirmation of Acceptance of Accounts by Companies House: Once we've submitted your dormant company accounts, we'll keep track of the process and provide confirmation once Companies House accepts them. This gives you peace of mind knowing that your accounts have been successfully filed and acknowledged by the relevant authorities.

If you have decided to make your company dormant, you are at the right place. Take advantage of our non trading accountancy package for only £60 + VAT per month. Our experienced team will continue your statutory filing for the non-trading period and in line with regulatory requirements.

Trust GoForma to efficiently handle your company dormancy needs. Don't let inactivity burden your business. Order the service today for a hassle-free process to make your limited company dormant, ensuring compliance and peace of mind.

Frequently asked questions

Is Dormancy the Right Option for My Limited Company?

Yes, if your company is temporarily inactive or not generating significant revenue, dormancy is the best choice to minimise tax obligations.

How Long Can My Company Be Dormant For?

Your company can remain dormant, unless and until it meets the criteria for dormancy set by the UK government.

How Do I Make My Company Active Again?

Whenever you are ready to resume, you are required to notify HMRC within the 3 months of trading or receiving the income. As a part of the company dormancy service, we will notify HMRC on your behalf.

Does a Dormant Company Need a Bank Account?

When a company goes dormant, it ceases any accounting or financial activities until it resumes trading. It does not require a business bank account, as the business neither generates income nor spends money.

How Often Do I Need to File Dormant Accounts?

Dormant company accounts must be filed annually with Companies House, following the end of the company's financial year. The specific deadline for filing varies depending on the company's accounting reference date, typically falling nine months after the end of the financial year.

What Information Is Required to File Dormant Company Accounts?

If you used our company formation service to set up your company, we'll only need your company name and number. Additionally, we'll need to know whether your shares are paid or unpaid, means we'll need to know if shareholders have paid the company for the shares they were given.

However, if you didn't use our service to form your company, we'll need more information. In that case, we'll still need your company name and number. But we'll also require your web filing authentication code, details about your shares (whether they're paid or unpaid), and the name of at least one director. This additional information helps ensure that we can accurately process your dormant company accounts.

What's included

Here's everything that's included in your package:

Company type
Limited Company

Support with managing a UK Limited Company.

General support
Unlimited bookable support

Book a convenient time to talk to your accountant.

General support
WhatsApp support

Talk to your accountant and manage your account with us through WhatsApp.

General support
Dedicated personal accountant

Get a 1-on-1 named accountant that you can book time with easily rather than a generic support team.

General support
Filing notifications and reminders

Get reminders for key deadlines for confirmation statement, end of year accounts, corporation tax, VAT and self assessments.

General support
Online dashboard

Get started online quickly through our self service dashboard and book time with your accountant easily.

General support
Basic tax insights/ expense analysis

Get clear insights on your income, expenses, tax efficient salary and dividends.

Filing
End of Year Accounts

Help with reviewing and filing your end of year accounts and filing with Companies House.

Filing
Monthly payroll

Monthly payroll and PAYE filing with HMRC.

Filing
Corporation tax return

Support with completing and filing your corporation tax return with HMRC.

Onboarding
Personalised onboarding

Onboarding instantly with GoForma to complete personalised actions and get a walk through with your accountant whenever you're ready.

Onboarding
Simple accountant switch process

When you're ready to switch, just add your previous accountant's details and we'll take care of collecting all the data, documents and authorisations we need. We'll keep you updated as we switch your account across.

Onboarding
Partner insurance discount

Get 10% off your business insurance with our partnership with Kingsbridge.

Onboarding
Free IR35 review

Get one free IR35 review worth £50.

Accounting software
FreeAgent Accounting Software included

FreeAgent accounting software license included (worth £300 a year).

Accounting software
Mobile accounting app

Use the iOS and Android FreeAgent apps to add expenses, send invoices, check your account, time track projects or reconcile transactions.

Accounting software
Record and track your expenses

Easily add and track expenses per project.

Accounting software
Sync with your bank account

Automatically import and reconcile your bank transactions from any major bank using open banking.

Accounting software
Automatic bank reconciliation

AI detection to automatically reconcile and explain transactions based on previous explanations.

Accounting software
Personalised insights

Get personalised insights based on your business type.

Accounting software
Quick access to financial reports

Quickly see a current snapshot of your trial balance, profit and loss, balance sheet and more.

Accounting software
Unlimited invoicing

No monthly restrictions on the number of invoices you create and send.

Accounting software
Custom invoices

Create custom branded invoices for your clients.

Accounting software
Invoice payment reminders

Create payment reminders with your invoices with FreeAgent.

Accounting software
Invoice instant online payments

Add an instant payment link to your invoices.

Turnover
Turnover under £90,000

Support for companies with an expected annual turnover of close to £90,000 or more (for VAT filing).

Industry
Consulting & services

Support for consultants, project managers, interim contractors and businesses that sell services (e.g. their time).

What's extra

Here are some of the additional services you can buy after you sign up:

Add on: Physical Mail Forwarding

Get your mail physically forwarded weekly to a UK address (requires a package with a registered office address).

£10 per month
Add on: London Business Address with Digital Mail forwarding

Get a London business address where we'll automatically open, scan and send a digital copy of your mail to you when it arrives.

£20 per month
Add on: Professional references

Get a professional reference for mortgage applications and more.

£39 per reference
Add on: Confirmation statement filing

We'll review and file a confirmation statement for you (requires Companies House authorisation).

£49 per confirmation statement
Add on: Crypto capital gains tax calculation

Get a Koinly license to import up to 25,000 transactions automatically from 400+ exchanges and wallets to get clear insights on your crypto capital gains tax for your self assessment tax return.

£69 per return
Add on: Self assessment tax return

Get an additional self-assessment tax return.

£120 per self assessment
Add on: Cryptocurrency tax return

Sync up to 25,000 crypto transactions from 400+ exchanges and wallets to get a complete capital gains tax view for your self assessment tax return.

£189 per return
Onboarding process

Once you create your account online these are the steps that you'll need to compete in your dashboard.

Complete the onboarding steps in your dashboard

Depending on your subscription, you'll have a few onboarding steps when you sign up that you'll need to complete to activate your account.

Add your basic personal details

We'll need some details about your current address and contact information.

Add communication preferences

Let us know if you'd like us to email, WhatsApp or SMS you with updates.

Complete digital ID verification check

Complete a digital verification process using your ID (passport or UK driving license) along with a liveness check

Upload a proof of address

Upload a valid proof of address in the UK dated in the last 3 months to verify your identity. This can be a recent council tax bill or utility bill.

Welcome call with your accountant

Book a welcome call with your new accountant so that they can help get you set up, answer specific questions and walk through what to expect with GoForma.

Add personal tax details

Add some basic personal tax details for payroll and self assessment filing.

Add your Limited Company details

If you already have a Limited Company, then you just need to search for the name and we'll extract all the details we need from Companies House and send you filing reminders.

Add previous accountant details

If you have an accountant already, we need to send a professional clearance request so that we can collate all the key documents and data we need to operate as your accountants.

Companies House authorisation request

We need a confirmation code from Companies House so that we can file your confirmation statement, end of year accounts and make any changes to your account like additional directors or registered office.

HMRC authorisation requests

Depending on your package we'll need to ask HMRC for authorisation to manage your personal self assessment tax filing, VAT, corporation tax and PAYE.

Previous accountant switch process

Once you've completed our accountant switch form, we'll send a link to your accountant to upload all the documents we need and continue to follow up with them.

FreeAgent accounting software setup and invite

Add some basic details about your industry that we'll need to get your FreeAgent accounting software up and running. If you already have FreeAgent then you can add your details here.

FreeAgent software walk through discussion

Schedule some time with your accountant to walk through how to use FreeAgent.

50% dormancy discount
Company Dormancy
£75
£37.50
per month*

Is your company no longer trading? Looking to make your company dormant? Use the best company dormancy services in UK to help you meet your legal obligations.

Sign up now

*Prices quoted exclude VAT

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