Dissolution / Strike Off

This is where a company has no assets or debts and has ceased to trade and is no longer needed.

DS01 form is an online application through companies house that allows a director to apply for the dissolution. It will cost £10 and take up to 2 months. The application is lodged in the London gazette which is a publication. HMRC and the Bank have automated alerts to when a company is applying for dissolution. If there are outstanding debts to HMRC / the Bank or other creditors then there can be an objection to the process. This is anonymous and easy to do. If this happens, the company is back to square 1 again. Sometimes, if companies house have not had confirmation statements or filed accounts then they can strike the company off themselves so you need to keep up to date records to avoid this happening as if it did then any money would go to the crown. If a company gets struck off the register by accident or it has debts that HMRC / other creditors didn’t pick up then it can be reinstated so be aware and consider other options if the company has debts

Dissolution-Strike off 2

Things to be aware of:

> Does the company have any outstanding creditors or assets. > A Dissolution can be objected by anybody. > It is a criminal offence not to inform your creditors of your intent to dissolve a company within 5 days. > Take free advice before you try to strike the company off, as you could be back to where you started in a couple of months. 

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dissolution strike off

Things to be aware of:

> Does the company have any outstanding creditors or assets. > A Dissolution can be objected by anybody. > It is a criminal offence not to inform your creditors of your intent to dissolve a company within 5 days. > Take free advice before you try to strike the company off, as you could be back to where you started in a couple of months.

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