There are several reasons why you might want to close a limited company. You could be ready to retire or want to move on to a new challenge, or the company may never have traded and now you’re ready to close it down. Whatever the reason, Company Strike Off allows you to bring an end to the company by following a simple online process and paying a fee of just £8. You can also complete the paper form DS01 if you cannot apply online.
You can strike off or dissolve your limited company if it:
Has not traded or carried out any other activities in the last three months
Has not changed its name in the last three months
Is solvent and can repay all its debts
Has no ongoing legal agreements with creditors and no outstanding legal action against it
If your company meets the criteria, you can apply to Companies House to start the process. As long as all the information you provide is correct, a notice will be placed in the Edinburgh Gazette (for companies incorporated in Scotland) to inform interested parties of your intention to dissolve the company. If there are no objections within two months, a second Gazette notice will be published and the company will be struck off.