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HOW TO STRIKE-OFF A COMPANY IN UK,London,Watford

HOW TO STRIKE-OFF A COMPANY IN UK

A limited company can be closed down by getting it ‘struck off’ the Companies Register,  

v  Only if it hasn’t traded or sold off any stock in the last 3 months,

v  Hasn’t changed names in the last 3 months

v  Has no agreements with creditors eg, A Company Voluntary Arrangement (CVA);

If a company doesn’t meet these conditions, you’ll have to voluntarily liquidate your company instead. When you apply to ‘strike off’ your company, there are certain steps to follow.

STEPS TO FOLLOW FOR STRIKE OFF

Before applying to strike off your limited company, you must:

·         Intimate your plans to interested parties and HM Revenue and Customs (HMRC) regarding company strike off.

·         You’ll need to tell HMRC that your company has stopped employing people.

·         The business assets are shared among the shareholders before the company is struck off.  

Final accounts

Ø  Prepare and File your final statutory accounts and company tax return, to HMRC stating that these are the final trading accounts and that the company will soon be dissolved. You don’t have to file final accounts with Companies House.

Ø  Pay all Corporation Tax and any other outstanding tax liabilities.

            Keeping records

           You must keep business documents for 7 years and copies of its employers’ liability insurance policy and schedule for 40 years from the date the company was dissolved.

 Apply to strike off

To apply to strike off your limited company, you must send Companies House form DS01 which must be signed by a majority of the company’s directors. You should deal with any of the assets of the company before applying and it costs £10 to strike off a company.

What happens Next

You’ll get a letter from Companies House if you’ve filled in the form correctly and your request for the company to be struck off will be published as a notice in your local Gazette. If nobody objects, the company will be struck off the register once the 2 months mentioned in the notice has passed.

HOW CAN WE HELP YOU?

We, the Global company formation UK Ltd is a very cost effective business consultancy firm that offers company formation, business consultancy, accounting and taxation services. We have a fully-fledged and experienced team of UK qualified accountants, business consultants and IFAs who will guide you from the formation of your company to running it successfully. We will take care of all your administration, accounting and taxation and you can concentrate on your business domain. Global company formation Ltd covers company strike off services in Lambeth, Salisbury, Hastings, Leeds, Lewisham and Merton.

HOW TO REINSTATE A COMPANY AT UK?

        HOW TO REINSTATE A COMPANY AT UK?

A company can only apply to Companies House to get their company restored (known as ‘administrative restoration’) if:

·         He/she was a director or shareholder

·         it was struck off the register and dissolved by the Registrar of Companies within the last 6 years

·         it was trading at the time it was dissolved

Otherwise a court order is needed to get the company restored.

HOW TO APPLY FOR RESTORATION?

·         A completed form RT01

·         a cheque for £100, payable to ‘Companies House’

·         any outstanding documents

·         any filing fees or penalty payments

·         if your company had assets, a waiver letter from Bona Vacantia

WHAT HAPPENS NEXT?

If the application has been successful, the company will be restored as soon as the registrar sends a confirmation letter.

If the application is refused, then:

·         Apply for a court order to have the company restored.

·         Get a discretionary grant (if you were a shareholder and need to claim some money back).

  HOW CAN WE HELP YOU?

We, the Global company formation UK Ltd is a very cost effective business consultancy firm that offers company formation, business consultancy, accounting and taxation services. We have a fully-fledged and experienced team of UK qualified accountants, business consultants and IFAs who will guide you from the formation of your company to running it successfully. We will take care of all your administration, accounting and taxation and you can concentrate on your business domain. Global company formation Ltd covers reinstating company services in Westminster, Wandsworth, Waltham Forest .To know more about our services and charges log on to: www.globalcompanyformations.co.uk

Contact us: + 44 020 799 359 29

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