'Dissolution and Strike-Off' - FAQ
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Dissolution and Strike-Off

Here will be the FAQs and details related to 'Dissolution and Strike-Off'.

What is company dissolution? +
Dissolution is the process of formally closing and removing a company from the Companies House register.
What is company strike-off? +
Strike-off is a method of dissolving a company, either voluntarily by the directors or by Companies House for non-compliance.
How can I voluntarily dissolve my company? +
You must apply for strike-off using form DS01 and pay a small fee to Companies House.
When can I apply for voluntary strike-off? +
You can apply if the company hasn’t traded or changed names in the last three months.
Do I need shareholder approval for dissolution? +
Yes, the majority of shareholders must agree to the strike-off.
What debts must be cleared before dissolution? +
All debts, taxes, and liabilities must be settled before applying for strike-off.
Can HMRC object to my company’s dissolution? +
Yes, if you have outstanding tax returns or liabilities.
How long does it take to dissolve a company? +
It usually takes around 2 to 3 months if there are no objections.
What happens to remaining assets? +
Any remaining assets will pass to the Crown if not distributed before dissolution.
Can a dissolved company be restored? +
Yes, you can apply to restore it through a court order under certain conditions.