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Company Dissolution
Company dissolution services in UK
When it comes to dissolving your company, your options are limited and it’s easy to get stuck in a never-ending cycle of trying to figure out what to do. That is why it’s essential to have a company dissolution services and expert who understands how these things work and can provide you with all the options available. We make sure your company files its accounts and tax returns at Companies House. Our team of chartered certified accountants will keep them compliant and updated as per the Companies House standards.
How long does it take to dissolve a company?
It takes Companies House two to three months to dissolve a company. Several documents must be signed by the director(s) to dissolve a company. If there are no such personnel involved, then one of the designated partners of the company may sign the document. When the Registrar of Companies receives an application to dissolve a company, they post it in the newspaper. Anyone who objects can write a letter and send it to them within three months. If no one gives any objections during the appropriate timeframe, the Registrar of Companies will dissolve the company.
How long does it take to dissolve a company?
It takes Companies House two to three months to dissolve a company. Several documents must be signed by the director(s) to dissolve a company. If there are no such personnel involved, then one of the designated partners of the company may sign the document. When the Registrar of Companies receives an application to dissolve a company, they post it in the newspaper. Anyone who objects can write a letter and send it to them within three months. If no one gives any objections during the appropriate timeframe, the Registrar of Companies will dissolve the company.
How AAA Accountants can help
We at AAA Accountants, are here to ensure that your DS01 submission is adequately made on time. After receiving your DS01 forms from you, our team of company dissolution experts will review and complete the form to submit it to Companies House. We will monitor the process through to completion.
Our company dissolution service process
- The Board of Directors will receive your Dissolution Application by email within 3-5 working hours.
- Once signed, we will send you an email with a link to store the document for safekeeping.
- We will file the documents with Companies House.
- We will notify you by email when the dissolution application is accepted.
- Companies House will send you a letter informing you that the company is now dissolved.
What are the main reasons for dissolving a company?
If you consider dissolving your company, it is essential to consider the main reasons. Many factors can contribute to the decision. Still, the following are the main reasons why companies dissolve:
When a company no longer wishes to pursue future activities and would instead distribute the remaining assets to shareholders, it is called voluntary liquidation. This can be due to retirement, a change in the direction of business, unprofitable operations, or any other factors that might prompt Directors or Officers of said company to decide it’s time for them to move on.
When a company no longer wishes to pursue future activities and would instead distribute the remaining assets to shareholders, it is called voluntary liquidation. This can be due to retirement, a change in the direction of business, unprofitable operations, or any other factors that might prompt Directors or Officers of said company to decide it’s time for them to move on.
- When going through a challenging period financially and having trouble settling debts, sometimes the only way to restore order is to file for company dissolution.
- When a company fails to file its financial documents in time.
- The company has been in operation since its formation and was never profitable. The business model used by the company isn’t viable.
- Team members are no longer interested in running the business.