How to dissolve a UK company or partnership?(Guidance for the procedure)
A private company or partnership that is not-trading in the past three months may apply to be struck-off the Register of Companies. This decision may arise for a number of reasons, in particular when directors/shareholders decide to retire; the business failed to achieve the expectation or simply found a new business which is more profitable than the existing company.
The advantages for dissolve a UK company or partnership:
- Save costs as to annual filing obligations to the Companies House and the Tax Authority;
- The UK Companies House will not normally pursue any outstanding late filing penalties unless you restore the company to the register at a later stage;
- Dissolving a UK company voluntary can avoid the potential high legal expenses when the company is being put under the liquation proceeding by its creditors or shareholders;
What need to be aware of when dissolve a UK company or partnership:
The director who make the application to dissolve a UK company must, within seven days of sending the application to the Registrar a copy of notice of application to the following persons:
- The Board of Directors or partners(in case of a partnership);
- Employee(s); and
- Trustee(s) of pension fund scheme (if any)
Want to dissolve a company or a partnership? Archers can assist you so you can free yourself from the administrative hustles.
Company can be struck off, the following conditions apply:
- The company has not traded for at least three months;
- The company has no assets or cash at the bank;
- The company has not disposed of any property or assets;
- The creditors are circulated, requesting their permission for the company to be dissolved.
Price: £120 plus VAT
*Subject to our Company Standard Terms and Conditions
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