Close Your Company
Company dissolution also known as striking off, is the formal action of closing a company. The company is dissolved and removed from the companies house register. It’s a relatively inexpensive and straightforward way of closing a solvent company that isn’t trading any longer or doesn’t have a feasible future but there are several conditions that have to be met before a company can be dissolved in this way.
Company dissolution – otherwise known as striking off, or dissolving your company – can be a relatively cheap and straightforward way to close a solvent business that is no longer trading or no longer feasible. However, it isn’t available to every business.
If certain conditions are met, there are several steps that you’ll need to carry out to legally close the business and dissolve the company.
Dealing with creditor pressure is not an uncommon problem for many company directors. It can, however, be worrying and distracting. It’s easy to find yourself spending too much time ‘fire-fighting’.
To put it simply, creditors will not go away, and should the need arise, there are various tools they can use against you to recover the monies owing to them. You need to be aware of what they can do, and particularly what the consequences of each action could be for your business.
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