Company Closure

£579
one time*
£399 per month + VAT
Free

One-off company cessation accounts and basic company dissolution process for UK Limited Companies. Corporation tax return, final accounts and company closure process.

  • Sole trader accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Dedicated personal accountant
  • Unlimited invoices
  • WhatsApp support
  • Self assessment tax return for 1 director
  • Sole trader accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Dedicated personal accountant
  • Unlimited invoices
  • Self assessment tax return for 1 director
  • WhatsApp support
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • VAT registration, returns & filing
  • Self assessment tax return for 1 director
  • Quarterly health checks
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 1 director
  • Annual accounts
  • Confirmation statement filing
  • Registered London business address
  • Company mail handling
  • Limited company accounting
  • FreeAgent accounting software
  • Automatic bank feeds
  • Mobile accounting app
  • Corporation tax return
  • VAT registration, returns & filing
  • Self assessment tax return for 2 directors
  • Quarterly health checks
  • Proactive reviews
  • Dedicated personal accountant
  • Unlimited invoices
  • Free company registration
  • Payroll for 2 directors
  • Annual accounts
  • Confirmation statement filing
  • Registered London business address
  • Company mail handling
  • £1M professional indemnity insurance

Best Company Dissolution Service in the UK

Our company dissolution service in the UK is the best. Contact us to learn more about how we can help.

Closing a company, also referred to as company dissolution, is the formal process of ending a business entity's legal existence. If you are public limited company, a private limited company, or a limited liability partnership (LLP), you can apply to close the company. It involves ceasing all trading activities, liquidating assets, paying off debts, and notifying relevant authorities about the closure.

Understanding Company Dissolution Process in the UK

The process of company dissolution in the UK involves formally closing down a limited company. Company dissolution is the quick and easy procedure in which company directors voluntarily apply to companies house to strike off the company from the Companies House register, marking the end of its legal status as a company. It involves ceasing all business activities, settling outstanding debts, and distributing any remaining assets among shareholders or creditors. Dissolution effectively brings an end to the legal existence of the company, freeing its directors from ongoing responsibilities. Once the strike-off application is accepted, the company gets dissolved within 2-3 months. To dissolve a company, it is necessary to follow the proper legal procedures, which includes notifying various parties such as HMRC and Companies House. This can be a stressful time for the director of the company, but with the help of a limited company accountant, the process can be made smoother.

Company Dissolution vs Company Liquidation

Company dissolution is a voluntary process initiated by the company's directors, while liquidation can be voluntary liquidation or involuntary.

In dissolution, the company assets are distributed among its shareholders, whereas in liquidation, business assets are sold to settle outstanding debts.

Additionally, company dissolution typically occurs when a company is solvent, while liquidation is often used when a company is insolvent.

Why Should You Close Down Your Limited Company?

Making the decision to close your company is a significant step that requires careful consideration. Let's check the reasons why you might opt for the company closure:

  • Financial troubles, insolvency, or an unsustainable financial outlook can prompt the decision to close down the company.
  • If you're considering a significant change in your business focus, merging with another company, or entering a new market, closing down your existing company might be the strategic move to facilitate this transition.
  • Life events, such as retirement, relocation, or changes in personal circumstances, can influence the decision to close the company.
  • Successfully accomplishing the objectives and goals you set out for your business can be a reason to consider closure.
  • Closing a company can also serve as a strategic move to reduce the liability of directors.

Voluntary Strike Off Eligibility Criteria

  • Your company must be solvent, meaning it can pay off all its debts, within 12 months following the date of the application for strike off.
  • The company should have ceased all trading activities for at least three months before applying for voluntary strike off. This period is essential to confirm there are no ongoing business operations.
  • The company should not have changed its name in the last three months. Also, you have not filed an application to change the company name.
  • Ensure that the company has no existing agreements, contracts, or legal disputes or it must not be involved in insolvency or liquidation process (including reaching any agreement with its creditors under a Company Voluntary Arrangement (CVA) that could hinder the strike-off process.
  • You should pay any outstanding Corporation Tax, PAYE, NI and settle other tax liabilities
  • File final accounts and a company tax return with HMRC
  • Ask HMRC to close down the company’s payroll scheme and deregister if VAT registered
  • Close the business bank accounts

Voluntary Dissolution Process

To initiate the voluntary company dissolution process, directors pass a board resolution, for the formal approval of dissolution through the board meeting. The necessary forms and documentation must be submitted to Companies House. A final set of accounts should be prepared, along with completing a confirmation statement. It is important to notify all known creditors about the intent to dissolve the company. To officially start the process, a DS01 form needs to be filed with Companies House, signed by a majority of the directors and including a statement of solvency. This procedure ensures a smooth and legally compliant voluntary company dissolution.

Company Dissolution Service by GoForma: A Seamless Journey to Company Closure

Once all the eligibility criteria are met, we will start the company closure process.

  1. Company directors sign the DS01 form.
  2. Our accountants will complete the appropriate DS01 form as supplied by Companies House and submit it on your behalf with the company closure fee.
  3. After reviewing the application, Companies House will publish a notice in the Gazette. Once the notice has been published, there is a two-month period for objections.
  4. If no objections are received, Companies House will issue a dissolution certificate, officially closing the company.
  5. Companies House will inform you by letter to your registered office when the company is dissolved.

Let GoForma be your trusted partner in this journey toward a smooth company closure. Book a free consultation today to initiate the company dissolution process and experience a hassle-free transition to a new chapter.

Frequently asked questions

How long does the company dissolution process take?

The dissolution process typically spans three to six months, but exact timelines may vary based on individual circumstances.

What are the tax implications of company dissolution?

Tax implications may include capital gains tax or corporation tax on assets sold during the dissolution. It's essential to seek professional advice regarding tax matters.

When should I close my company’s business bank account?

It's advisable to close the business bank account before submitting the application to dissolve the company. After the company dissolution, if any bank accounts still open will be frozen, and the money will be passed to the Crown (the government).

Who do I need to inform when dissolving my company?

During the dissolution process, within the 7 days, you need to inform employees, creditors, clients, shareholders and other directors of the company who did not sign the dissolution application.

If I change my mind, can I restore a company after dissolution?

Yes, it is possible to apply for company restoration but you require to go through court restoration process for the same. If the dissolution application is accepted by the companies house but the company is not dissolved yet, you can withdraw the application by filing the DS02 form.

Are there any other charges or hidden fees in company closure service by GoForma?

No. All fees related to the company dissolution application are included in the price of this service.

What Happens After My Company Has Been Dissolved?

Once your company has been dissolved, its name will be removed from the official register at Companies House. Any remaining assets will be distributed as per the dissolution process. You won't need to file annual accounts or other documents anymore. Creditors and shareholders will be notified, and any legal restrictions or obligations associated with the company will cease to exist.

What's included

Here's everything that's included in your package:

Company type
Limited Company

Support with managing a UK Limited Company.

General support
Unlimited bookable support

Book a convenient time to talk to your accountant.

General support
WhatsApp support

Talk to your accountant and manage your account with us through WhatsApp.

General support
Dedicated personal accountant

Get a 1-on-1 named accountant that you can book time with easily rather than a generic support team.

General support
Online dashboard

Get started online quickly through our self service dashboard and book time with your accountant easily.

General support
Basic tax insights/ expense analysis

Get clear insights on your income, expenses, tax efficient salary and dividends.

Filing
End of Year Accounts

Help with reviewing and filing your end of year accounts and filing with Companies House.

Filing
Self Assessment Tax Return

Support with completing and filing your annual personal self assessment tax return.

Filing
Corporation tax return

Support with completing and filing your corporation tax return with HMRC.

Filing
Confirmation statement filing

Support with checking and filing your annual confirmation statement with Companies House.

Onboarding
Personalised onboarding

Onboarding instantly with GoForma to complete personalised actions and get a walk through with your accountant whenever you're ready.

Onboarding
Simple accountant switch process

When you're ready to switch, just add your previous accountant's details and we'll take care of collecting all the data, documents and authorisations we need. We'll keep you updated as we switch your account across.

Onboarding
Free IR35 review

Get one free IR35 review worth £50.

Accounting software
FreeAgent Accounting Software included

FreeAgent accounting software license included (worth £300 a year).

Accounting software
Mobile accounting app

Use the iOS and Android FreeAgent apps to add expenses, send invoices, check your account, time track projects or reconcile transactions.

Accounting software
Record and track your expenses

Easily add and track expenses per project.

Accounting software
Sync with your bank account

Automatically import and reconcile your bank transactions from any major bank using open banking.

Accounting software
Automatic bank reconciliation

AI detection to automatically reconcile and explain transactions based on previous explanations.

Accounting software
Personalised insights

Get personalised insights based on your business type.

Accounting software
Quick access to financial reports

Quickly see a current snapshot of your trial balance, profit and loss, balance sheet and more.

What's extra

Here are some of the additional services you can buy after you sign up:

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Onboarding process

Once you create your account online these are the steps that you'll need to compete in your dashboard.

Complete the onboarding steps in your dashboard

Depending on your subscription, you'll have a few onboarding steps when you sign up that you'll need to complete to activate your account.

Add your basic personal details

We'll need some details about your current address and contact information.

Add communication preferences

Let us know if you'd like us to email, WhatsApp or SMS you with updates.

Complete digital ID verification check

Complete a digital verification process using your ID (passport or UK driving license) along with a liveness check

Upload a proof of address

Upload a valid proof of address in the UK dated in the last 3 months to verify your identity. This can be a recent council tax bill or utility bill.

Welcome call with your accountant

Book a welcome call with your new accountant so that they can help get you set up, answer specific questions and walk through what to expect with GoForma.

Add personal tax details

Add some basic personal tax details for payroll and self assessment filing.

Add your Limited Company details

If you already have a Limited Company, then you just need to search for the name and we'll extract all the details we need from Companies House and send you filing reminders.

Add previous accountant details

If you have an accountant already, we need to send a professional clearance request so that we can collate all the key documents and data we need to operate as your accountants.

VAT registration or authorisation

Let us know if you're already registered for VAT, want to register for VAT or if you're unsure about VAT registration.

Companies House authorisation request

We need a confirmation code from Companies House so that we can file your confirmation statement, end of year accounts and make any changes to your account like additional directors or registered office.

HMRC authorisation requests

Depending on your package we'll need to ask HMRC for authorisation to manage your personal self assessment tax filing, VAT, corporation tax and PAYE.

Previous accountant switch process

Once you've completed our accountant switch form, we'll send a link to your accountant to upload all the documents we need and continue to follow up with them.

FreeAgent accounting software setup and invite

Add some basic details about your industry that we'll need to get your FreeAgent accounting software up and running. If you already have FreeAgent then you can add your details here.

FreeAgent software walk through discussion

Schedule some time with your accountant to walk through how to use FreeAgent.

Company Closure
£579
one time*

One-off company cessation accounts and basic company dissolution process for UK Limited Companies. Corporation tax return, final accounts and company closure process.

Sign up now

*Prices quoted exclude VAT

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