Are company debts written off when a company is closed?
Table of Contents Who pays the debts when a limited company goes bust? The directors of companies with debts often ask us [...]
Can I resign as a director during company closure?
Table of Contents How do I resign when closing a company and what should I consider? When closing a limited company, you [...]
What is the best way to close a company?
Table of Contents How should I close my limited company? If you want to close your limited company, the most appropriate procedure [...]
What is the process of closing a company?
Table of Contents How do I close my limited company? If you decide it’s the time to close a limited company, the [...]
How do I know when it’s the right time to close my company?
Table of Contents The common signs that it’s time to close your business Running your own business can be an extremely rewarding [...]
What happens to creditors when closing a company?
Table of Contents Will your creditors be repaid and can they pursue you for company debts? There are many reasons why you [...]
How to close a limited company in the UK
Table of Contents How to close a limited company in the UK When it comes to closing a limited company in the [...]
How to close my company due to retirement
Table of Contents How to close my company due to retirement There are several ways you can close your company when you [...]
Liquidation or Administration: What is the right option for closing your company?
Table of Contents Understanding the difference between liquidation and administration Liquidation and administration are both official procedures designed to assist insolvent companies [...]
My strike off application has been suspended: what are my options?
Table of Contents My strike off application has been suspended: what are my options? Voluntarily striking off a company at Companies House is [...]
The role of directors when closing a company: Responsibilities and legal obligations
Table of Contents What are a directors’ responsibilities when closing a company? A limited company is a legal entity in its own [...]
What are contingent liabilities when closing a company?
Table of Contents What are contingent liabilities when closing a company? Contingent liabilities are ‘in the background’ of a company’s financial affairs [...]
What are the alternatives to company closure: Restructuring and turnaround options
Table of Contents Corporate restructuring and turnaround options The strong restructuring and turnaround regime that exists in the UK supports businesses that [...]
What order do creditors get paid when a company is closed?
Table of Contents Which creditors are paid first in the liquidation process? A clear hierarchy for repayment exists when a company closes down [...]
What the 2024 Budget changes mean for closing a solvent company
Table of Contents The tax-efficient way to close a company after the Autumn Budget The most tax-efficient way to close a solvent limited [...]
What is a winding up petition when closing a company?
Table of Contents What is a winding up petition? A winding up petition is a legal document used by creditors to close down [...]
Can the courts or a creditor forcibly close my company?
Table of Contents Can the courts or a creditor forcibly close my company? If your company is struggling to repay its creditors [...]
Can I close a company myself?
Table of Contents Can I close a company myself? It is possible to close a limited company yourself, but initially, you need [...]
What happens to debts when I close a company?
Table of Contents What happens to debts when I close a company? Financial decline can occur steadily over time or sometimes unexpectedly – [...]
How to close a company with a Bounce Back Loan
Table of Contents How to close a company with a Bounce Back Loan If your company is insolvent but has an outstanding [...]
Can I close a company with HMRC debts?
Table of Contents Can I close a company with HMRC debts? HMRC has more authority to recover monies owed to them than [...]
Am I personally liable for business debts after closing a company?
Table of Contents Am I personally liable for business debts after closing a company? When you set up a limited company in [...]
What is Business Asset Disposal Relief when closing a company?
Table of Contents What is Business Asset Disposal Relief when closing a company? Business Asset Disposal Relief (BADR) is a form of [...]
What is a first Gazette notice for company strike-off?
Table of Contents Understanding a first Gazette notice for strike-off The Gazette is the UK’s official public record and contains statutory notices, [...]
What is the role of Companies House when closing a company?
Table of Contents What is the role of Companies House when closing a company? You may know Companies House as the government [...]
How do I know if my company is solvent or insolvent before closing?
Table of Contents Is my company insolvent and how do I close it down? If you think the time has come to [...]
Closing a company with retained profits
Table of Contents Closing a company with retained profits Retained profits are those held within the business after dividends have been paid [...]
What is the difference between strike-off and company liquidation?
Table of Contents What is the difference between strike-off and company liquidation? Strike-off and company liquidation are both ways to close down [...]
Can’t pay my company’s VAT
Table of Contents What happens if I can’t pay my company’s VAT bill? If your taxable business turnover exceeds £90,000 you must [...]

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