Understanding Voluntary Company Dissolution
If a limited company is no longer required then the directors may request that it be removed from the Companies House register. This process is known as a “Voluntary Company Dissolution”, which is also known as a “company closure”, “striking-off” or “winding up”.
Dissolution and liquidation are different processes. Dissolution is a way to close a company which owes no debt. Liquidation, however, involves extracting assets from a company then selling these to realise money and put this toward paying off any outstanding debts. Liquidation can only be entered into with a licensed insolvency practitioner who will oversee the whole process on your behalf. On this page we are dealing only with our company dissolution service.
What the Service Includes:
Customers who use our Registered Office and Service Address need not renew these services if they are about to expire or have just expired. We will continue to forward all statutory mail throughout the dissolution process.
How does the service work?
It usually takes Companies House approximately 3 months to close a company.
An application for voluntary striking off can only be made on the company’s behalf by its directors or by a majority of them.
It is recommended that you close your company’s bank account before you apply, since the company’s bank account will be frozen from the date of dissolution. Any credit balance left in the account and other assets will then pass to the Crown.
Please note: It is the responsibility of a company’s directors to tell all interested parties that an application to close a company has been made!