Close Your Limited Company the Right Way
Thinking of closing your limited company? Whether it is solvent and ready to be struck off, or debts mean strike-off is not an option, we will explain the right way to close it — the costs, the timescales and what it means for you as a director.
- ✓ Advice on strike-off, dissolution and closure
- ✓ Whether you can strike off or need to liquidate
- ✓ Clear costs and timescales before you decide
- ✓ Confidential help, no pressure, no obligation
Talk it through with someone who has handled it before.
Speak to Our Team
Tell us what is happening with the company and we will call you back, usually the same working day.
Confidential. No obligation to proceed.
How it works
Closing Your Company, Step by Step
You do not need to work out the right closure route yourself. Tell us where the company stands and we will confirm whether a strike-off fits — and handle it properly if it does.
Tell Us Where the Company Stands
Share the basics: any remaining debts, any assets, and whether the company has traded recently. Those three things decide whether a strike-off is actually the right way to close it.
We Confirm Strike-Off Is the Right Route
Strike-off only suits a company with no significant debts or assets left. We check that honestly — and if a solvent liquidation (MVL) or a Creditors’ Voluntary Liquidation would be safer or more tax-efficient, we tell you.
We Handle the Filing and Any Objections
If strike-off is right, we prepare and submit the DS01, notify the parties who must be told, and deal with any objection from HMRC or other creditors — so it does not stall or get reversed.
The Company Is Formally Closed
Once the two-month notice period passes with no valid objection, the company is struck off the register and dissolved. You will know the likely timescale and costs up front, with no obligation to proceed.
If the company cannot pay its debts, striking it off is the wrong route and can leave you personally exposed. Where that is the case, a licensed insolvency practitioner will close it properly through liquidation.
Help you can trust
“Calling Company Debt was one of the best decisions I’ve ever made. I was given clear, genuine advice and a difficult time was handled sensitively and effectively.”
Company Director
Heating & Plumbing Company, London
Company debt and insolvency
Frequently Asked Questions
No. Many directors contact us before they know whether the company can continue, needs restructuring or should close.
Tell us what is happening and we will explain which options appear realistic. You are not expected to understand insolvency procedures before asking for help.
Possibly. This depends on whether the underlying business is viable, why the financial problems arose and whether the company can meet its future costs.
Possible solutions may include improving cash flow, negotiating with creditors, agreeing a Time to Pay arrangement with HMRC or considering a formal restructuring procedure. We will also tell you honestly if rescue does not appear realistic.
The cost depends on factors including the number of creditors, employees and company assets, the quality of the accounting records and the complexity of the case.
The figures you provide can be used to give an initial indication. The final fee and everything included in it should be explained clearly before you decide whether to proceed.
No. Completing the form or speaking with our team does not commit you to a formal insolvency procedure. You can ask questions, consider the information and decide what to do without any pressure to appoint us.
Directors are not normally personally responsible for debts taken out in the company’s name. However, you may remain responsible for debts covered by a personal guarantee.
Personal liability can also arise in some circumstances involving director conduct or particular liabilities. We will ask about any personal guarantees or related concerns during the consultation.
Some company directors may qualify for statutory redundancy and other employment-related payments if they were also genuine employees of the company.
Eligibility depends on factors including employment status, working arrangements and length of service. The Redundancy Payments Service assesses each claim and makes the final decision.
The timescale varies according to the company’s size and complexity, the assets that need to be realised and any matters that require investigation.
A typical liquidation may remain open for 12 to 18 months, although the director’s main involvement is usually concentrated near the beginning of the process. The likely timescale should be explained before you proceed.
Ready to Close Your Limited Company?
Tell us what is happening with the company and we will explain the right way to close it, what it costs and what it means for you. There is no obligation to proceed.
Request a Callbackor speak confidentially with an adviser on 0800 074 6757
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