Small Business Accounting

How do I close a Limited Company?

By

Chris Andreou

How do I close a Limited Company? guide

Contents

How you close down your limited company will differ depending on whether your company is solvent or insolvent.

1. Closing down a solvent company

You may apply to strike off your company from the Companies Register or start a Members' Voluntary Liquidation.

2. Closing down an insolvent company

You must arrange the liquidation of your company. In certain circumstances, you may be able to avoid liquidation by applying for a Company Voluntary Arrangement.

Further information is available on our resource on the company closure process.

<p>How you close down your <a href="https://goforma.com/limited-company/what-is-a-limited-company" target="_blank">limited company</a> will differ depending on whether your company is solvent or insolvent.<br></p><h2><strong>1. Closing down a solvent company</strong><br></h2><p>You may apply to <a href="https://www.gov.uk/strike-off-your-company-from-companies-register" target="_blank">strike off your company from the Companies Register</a> or start a <a href="https://www.gov.uk/liquidate-your-company/members-voluntary-liquidation" target="_blank">Members' Voluntary Liquidation</a>.<br></p><h2><strong>2. Closing down an insolvent company</strong><br></h2><p>You must arrange the <a href="https://www.gov.uk/liquidate-your-company/creditors-voluntary-liquidation" target="_blank">liquidation of your company</a>. In certain circumstances, you may be able to avoid liquidation by applying for a <a href="https://www.gov.uk/company-voluntary-arrangements" target="_blank">Company Voluntary Arrangement</a>. </p><p>Further information is available on our resource on the <a href="http://contractoraccountinghelp.goforma.com/en/articles/4408696-company-closure-process" target="_blank">company closure process</a>.</p>

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