www.company-debt.co.uk

[jack12]

Hi,

I have a small company not making profit. It has no employees, only a director and secretary.
About £100 in capital - can I do it myself

[Derek Cooper]

Hello

If the company has limited debt (less than £10k) and no assets, you can use a process called company dissolution which is far cheaper than standard liquidation.

[Graham Wilson]

Hi Jack12

As Derek says, dissolution may well be the right solution for you. To use this procedure the ompany must have been dormant for 3 months (ie no trading in the last 3 months) and have no cash in the bank or assets. The process includs writing to all of your creditors and giving them 3 months to disagree. If there are no objections, the dissolution can go through. This will cost far less than liquidating the business (around £1500 compared to £5000).

[James00]

If the company has limited debt (less than £10k) and no assets, you can use a process called company dissolution which is far cheaper than standard liquidation.