Dissolution is the formal process of closing a company and removing it from the Companies House register. It's generally suitable for companies that are no longer trading and have no significant assets or liabilities.
1. Settle the Company's Affairs
Before applying, the company should stop trading, deal with any remaining assets, and settle outstanding debts where possible.
2. Notify Interested Parties
Certain parties — including creditors, employees and shareholders — generally need to be notified of the intention to dissolve.
3. Apply to Companies House
A formal application is submitted to strike the company off the register. There's a waiting period during which objections can be raised before dissolution is finalised.
This guide provides general information only. Dissolution isn't suitable for every situation — where the company has debts it can't pay, a formal insolvency process may be more appropriate. Seek professional advice for your specific situation.