Company dissolution is a straightforward process for officially closing a company. It involves the director(s) voluntarily applying to Companies House to strike off the company from the public register. Once the application is accepted, the company is typically dissolved within 2-3 months.
There are several reasons to voluntarily dissolve a company:
✔ The company is no longer needed or has fulfilled its purpose
✔ To reduce administrative costs, such as preparing annual accounts
✔ To avoid fines or prosecution for late filings
✔ To remove the responsibilities and liabilities of directors
You will receive your board resolution and DS01 form within 3-5 working hours. Once signed and accepted by Companies House, the process typically takes 2-3 months.
A company cannot apply for dissolution if:
✖ It has traded or sold stock in the past 3 months
✖ It has changed its name within the last 3 months
✖ It is facing legal proceedings
✖ It is in liquidation or about to enter liquidation
✖ It has an active creditors’ voluntary arrangement (CVA)
The director(s) must notify key stakeholders (known as notifiable parties) within 7 days of submitting the dissolution application. These include:
Not exactly. Strike off refers to the process of removing a company from the Companies House register, while dissolution is the final stage when the company officially ceases to exist.Companies House confirms dissolution by publishing a final notice in The Gazette.
The decision to dissolve a company is made by the director(s), either at a board meeting or by signing a board resolution. This process is governed by Sections 1003 to 1011 of the Companies Act 2006.
All outstanding taxes must be paid before submitting the dissolution application. If HMRC objects due to unpaid taxes, the application may be suspended until payments are settled.
You should close your business bank account before applying for dissolution. Any remaining funds in an open account at the time of dissolution will be frozen and transferred to the Crown (the government).
Yes. A company must maintain a registered office and service address for each director throughout the dissolution process.
Bonus: If you use Dragonfly Associates’ statutory address services, we will extend them by three months at no extra charge to cover the dissolution period.
Yes, but restoring a dissolved company requires a court restoration, which is a time-consuming and expensive process.If your dissolution application has been accepted but the company has not yet been dissolved, you can withdraw the application by submitting a DS02 form.
No. All costs are included in the £89.99 + VAT price.
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