How To Close A Ltd Company

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https://meetings-eu1.hubspot.com/shau... There are numerous ways that you can close a limited company depending on what situation the company is in. If the company has debts and is struggling to pay its bills on time or the company’s liabilities outweigh the company’s assets, it’s insolvent and you need to get advice quickly in order to get the best outcome for you, the Director and your creditors.

If you need to close your Ltd company with debt there are the 2 options, you may want to consider, a Company Voluntary Liquidation or a Pre-Pack Liquidation.

If the company has no debts you can dissolve the company and apply to have not struck off from the official register at companies house.

If the company is profitable and when it’s debts are paid there will be money left then a Members Voluntary Liquidation (MVL) may be suitable


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