Dissolution and Strike Off
Is your company or a company within a group structure, no longer active?
A limited company is a legal entity with legal duties and potential liabilities. A company must example, prepare and file accounts and deliver a confirmation statement to Companies House as well as its directors complying with their statutory duties. If a company is dormant or no longer trading, the directors wish to retire or the company is a redundant part of a group structure etc, it may be worth considering striking the company the register to avoid these duties and liabilities and the costs associated with them.
Striking a company off the register and dissolving it
This month we have added new content to our Company Secretarial group of documents relating to the Strike Off & Dissolution of companies. Our new subfolder details the legal requirements governing the process set out in Part 31 of the Companies Act 2006 and specifically removing a company from the register voluntarily (section 1003 Companies Act 2006).
This subfolder contains a package of template documents in order to assist company directors considering this process. This includes:
• a guidance note;
• checklist;
• board resolution;
• letter before strike off to relevant parties;
• letter seven days after the strike off to relevant parties enclosing a copy of the application; and
• Companies House forms DS01 and DS02.
This sub-folder is designed for private limited companies considering voluntary strike off. It does not deal with the tax considerations or issues associated with off. Independent tax or legal advice may be required.
The contents of this Newsletter are for reference purposes only and do not constitute legal advice. Independent legal advice should be sought in relation to any specific legal matter.