Nursery schools play a fundamental role in our children’s education, helping young ones to develop vital early social and learning skills that prepare them for primary school and can set them up for life.
Offering affordability for parents and the quality care that is needed in this setting can be a dilemma for nursery school businesses, however. As costs go up and already tight profit margins are squeezed, nurseries may face serious financial decline.
If this is true for your nursery business, Company Closure can ensure that you close your nursery business in the correct manner, taking account of your legal obligations as a company director.
You can also close your nursery using a liquidation process if it is in good financial health. This can be an excellent choice if you have healthy levels of distributable profits – around £25,000 or more – as it lowers your tax liability.
A further closure option for nurseries exists if retained profits fall below this level, however, and this is an unofficial procedure called voluntary strike-off.