How do you dissolve a private limited company?
If you have a private company and it is not trading you should be aware
that the simplest and least expensive method of closing it down is
to apply for it to be struck off the register of companies.
This is quite a common situation that
usually arises when directors of the company want to retire or when
the owner/ sole director wishes to return to PAYE or self employed
status . If you have a limited company that is insolvent or is likely
to be insolvent you should not apply.
If you would like your company to be
struck off the register it is of the utmost importance that you must
check with people the mainstakeholders of the company such as its
creditors, employees or investors.
Procedure for dissolution
The correct procedure to disolve a company
is to fill out and return form
652a to Companies House along with a small fee.
Copies of the form asking for dissolution
must be given to the following groups within 10 days of the application
being submitted: members, creditors, employees, managers or trustees,
and directors who have not signed the form.
If your company is VAT-registered then
you should inform the local VAT office
The registrar at Companies House will
post a notice in The
London Gazette notifying the public about the proposal and
inviting objections - if none are forwarded, the company will be
London Gazette contains a wide range of office notices
including State, Parliamentary and Ecclesiastical notices, Transport
and Planning notices as well as Corporate and Personal Insolvency
notices to name a few.
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