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How to close a Limited Company the correct way!

Closing a Limited Company

Closing a company is referred to as dissolving (striking off or winding up). A Ltd Company can close under Section 1008 of the Companies Act 2006, however it has to meet all of the stated requirements.

  • You have not changed the company name within the last 3 months
  • You have not traded within the last 3 months
  • The company is not subject to any legal action current or even propose
  • You have not made a disposal for value of property or rights

If you have met the above conditions then you can continue to the striking off application. You will need fill in a form DS01 Striking Off Application. This form will need to be signed by a majority of the directors and will enclose a fee currently £10 to the below addresses.

Companies House, Crown Way, Cardiff CF14 3UZ – for English and Welsh companies
Companies House 4th Floor Edinburgh Quay 2, 139 Fountainbridge, Edinburgh EH3 9FF – for Scottish companies
Companies House 2nd Floor The Linenhall, 32-38 Linenhall Street, Belfast BT2 8BG – for Northern Ireland companies

You are also required to send a copy to the below parties

Once the application has been accepted a notice will go into the local City Gazette, which will notify the public of at least 3 months` notice period.

If you need a helping hand please do get in contact with us. We have seen it all, no matter how small or trivial we really do understand how important it is to be sure on everything before proceeding with such a big decision. Please do contact Your Virtual Office London today, we are always happy to help. You can also find more helpful information in our Company Formation Services blog here.

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