Odiri Tax Consultants & Accountants

Odiri Tax Consultants & Accountants

Company Dissolution Service

What does it mean to dissolve a company?

Dissolving a company is a swift and hassle-free way to terminate its existence. The process involves the director(s) submitting a voluntary request to Companies House to remove the company from the official register. Following approval of this request, the dissolution usually occurs within 2-3 months.

Why would I want to dissolve my company?

Here are some notable reasons for voluntarily dissolving your company:

  • The company’s services are no longer needed, or its mission is complete.
  • Reducing the costs related to maintaining the company, like preparing yearly financial statements.
  • Avoiding fines or legal action resulting from overdue filings.

What tasks must a board undertake?

When directors seek to strike off and dissolve a company, they must responsibly manage proper business closure. Failing this leads many directors towards delayed or abandoned processes.

 

Before filing for a company’s strike-off, directors are obliged legally close operations which includes:

 

  • communicating plans with relevant stakeholders (e.g., HMRC, creditors, employees)
  • ensuring employee rights per employment laws
  • disposing of business assets like closing corporate bank accounts
  • finalising all company accounts.
  • Completed strike-off forms should reach all potentially affected stakeholders within seven days.

Procedural steps:

  • Fee submission along with filing at Companies House creates official record.
  • Notice advert appears in The Gazette enabling objections from interested entities.
  • Absent valid objections/delays post-notice period of two months allows Registrar action—company strikes off registry officially; subsequent Gazette notice dissolves firm.
  • Maintain business archives spanning six-year post-dissolution covering essentials like bank statements/invoices/receipts/VAT/PAYE docs/employment files becomes mandatory directive for boards.

Odiri Tax Consultants’ Company Secretarial team can help a board of directors to complete the above process and prepare board minutes, and letters to the shareholders and decide to file the necessary forms at Companies House. Our fee for this is typically £500 plus VAT. If a company requires further assistance, or there are additional complexities, then an additional fee may be charged.

We manage all essential paperwork to ensure a smooth dissolution (closure) of your company. Our specialised UK-based service will help you complete all required dissolution forms. 

 

At Odiri Tax Services & Accountants, we strive to make dissolving your limited company as straightforward and hassle-free as possible. We understand that this can be challenging, which is why our experts are dedicated to assisting you every step of the way.

 

Company Dissolution package

Company Dissolution Services  (Excluding Year End Accounts & Corporation Tax Return)- £550 plus VAT

How It Works:​


Easily dissolve your company online by following these

steps:
  • Place your order.
  • We’ll prepare all required documentation for your company's dissolution.
  • We will send you engagement letter to review and e-sign 
  • We undertake money laundering checks 
  • We will prepare all the paper work , resolutions and minutes required to facilitate the dissolution,
  • Once we received all documents back and we will file them with Companies House on your behalf.
  • You will get a letter from Companies House

Company Dissolution Services  (Assisting with Final Year End Accounts & Corporation Tax Return) - £1,200 plus VAT

.

How It Works:​


Easily dissolve your company online by following these

steps:
  • Place your order.
  • We contact to you request information to prepare final accounts & Corporation tax returns to
  • We’ll prepare all required documentation for your company's dissolution.
  • We’ll prepare all required documentation for your company's dissolution.
  • We undertake money laundering checks 
  • We will prepare all the paper work , resolutions and minutes required to facilitate the dissolution,
  • Once we received all documents back and we will file them with Companies House on your behalf.
  • You will get a letter from Companies House

Frequently asked questions

 

What is the duration of the company dissolution process? .

You will get your resolution and DS01 form sent to you by email within 3-5 business hours. Once you have signed everything and Companies House has approved the application, it typically takes within two working days for the dissolution process to conclude and your company to be officially dissolved

What prevents a company from applying for voluntary dissolution?

A company is not allowed to file for voluntary dissolution under these circumstances: it has operated or traded stocks within the last three months; its name has been changed recently, within the last three months; it is involved in legal proceedings; it is currently in, or close to entering, liquidation; or it has committed to a creditors' voluntary arrangement (CVA).

Who should I notify when dissolving my company?

The company's director(s) bear the crucial legal duty to inform the 'notifiable parties' that an application for strike-off has been filed. These 'notifiable parties' encompass creditors, shareholders, employees, and any other directors who did not endorse the dissolution application. This notification must occur within 7 days of submitting the dissolution request.

Do 'strike off' and 'voluntary dissolution' refer to the same process?

Not exactly; 'dissolution' and 'strike off' are technically different stages within a single procedural framework but are often used synonymously. In practice, a strike-off is an action to shut down a company, while dissolution marks the moment it officially ceases to exist. Companies House confirms dissolution by releasing a final notice in The Gazette.

Who holds the power to dissolve a company?

The decision to voluntarily terminate a company falls on its directors, made either during a board meeting or via a board resolution. The legal provisions granting this power are found in sections 1003 to 1011 of the Companies Act 2006.

What are the tax implications of dissolving a company?

Generally, all owed taxes must be paid before submitting the application to dissolve the company. Failure to do so can lead to HMRC objecting to the dissolution, causing the process to be halted until outstanding payments are settled.

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

You should close your business bank account before submitting an application to dissolve the company. If a company is dissolved with an open bank account, it will be frozen, and the funds will be forfeited to the Crown (the government).
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