Why dissolve a limited company?
If a company has come to the end of its useful life and is no longer required, then it is normal to see that directors will set about dissolving the company.
In addition to this, companies may find themselves in an insolvent position with no prospect of recovery and with unpaid bills. As per the Companies Act 2006, companies in this position have a duty to look to cease to trade in order to prevent further loss to its creditors.
After all other realistic avenues for protecting the interests of stakeholders have been exhausted, then dissolution becomes a viable, and possibly only, option to close down the company.
Why use us to help dissolve your company?
Without the dissolution procedure being followed correctly directors could become personally liable for the company debts and you may face a fine and possible prosecution.
The Insolvency Service has the powers to investigate directors of companies that have been dissolved ‘on the cheap’ or where they suspect directors have misled creditors in someway.
We act in accordance with all the statutory requirements to make sure that everything is done correctly and there is no risk to the director, this includes liaising with all creditors, and working with banks and HMRC to clear debts in the lawful manner.
We have over 45 years of combined experience and have helped hundreds of company directors navigate the dissolution process, making sure everything was done the right way so there were no repercussions later on.
Our five-step process to dissolving your limited company
We have been dissolving limited companies of all sizes and with many different problems since 2009 and from this we’ve refined the process so the experience is as stress and hassle free as possible for our clients.
You can contact us via email, phone, or video and we will keep you updated as your case progresses at all times:
1. Get in touch with us
After doing your research all you need to do is get in touch with us. You can do this in a few ways, you can call us on 0800 975 0380, email us on advice@forbesburton.com, or submit a company closure quote request. Which ever is best for you.
2. Do all the necessary due diligence
Once you have contacted us we’ll explain the options and send you our company information questionnaire to complete, this will enable us to give you a guaranteed quote to close your company. Once you’ve chosen to go ahead you’ll need to sign our digital agreement, make a payment, and send us some identification to meet anti-money laundering requirements and prevent fraud.
3. Change of registered company address
The first thing we’ll do once we’ve received everything we need from you is change your company’s registered office address to ours. This means that all the post from creditors will come to us so that we can deal with it for you.
4. We’ll file the paper work
Once the registered office has been changed we’ll create a Statement Of Affairs, this is a summary of your company’s financial situation which is sent to creditors. We’ll then write to all the people your company owes money to, including HMRC, to notify them the company is closing, outlining the reasons why using the Statement Of Affairs. If anyone, including bailiffs, contacts you in the meantime we’ll be available to deal with it.
5. Company closure
We’ll submit the application to close your company (DS01) at the right time during the process and deal with any creditor objections or enquiries that come up afterwards, this will ensure they are removed as quickly as possible to allow the company to be dissolved and removed from the Companies House register. Once they have all been removed your company will be dissolved by Companies House.