What Is Company Dissolution and Striking Off?
Company dissolution often referred to as striking off is the formal legal process of closing a UK limited company by removing it from the Companies House register. Once a company is dissolved, it ceases to exist as a legal entity and can no longer trade, enter into contracts, or carry out business activities.
Dissolution is typically used when a company is no longer trading, has no outstanding debts or liabilities, and all assets have been distributed to shareholders. It’s considered the most cost-effective and straightforward method of formally closing a company.
After a valid DS01 application has been filed and accepted by Companies House, the company’s name is published in the London Gazette. If no objections are raised, the company is officially struck off the register and dissolved – usually within two to three months of submission.
Our Company Dissolution Service ensures the entire process is handled correctly, helping you meet all legal requirements and avoid delays or rejected applications.
Requirements for Closing a UK Limited Company
To apply for voluntary dissolution (also known as striking off), your company must meet certain legal conditions set out by Companies House. Specifically, your company must not have done any of the following within the last three months:
- Traded or carried out any business activity
- Changed its registered company name
- Engaged in any activity other than those required to close the business such as selling remaining assets or settling outstanding debts
- Been threatened with liquidation by creditors
- Entered into a formal arrangement, such as a Company Voluntary Arrangement (CVA)
- Been involved in any ongoing legal proceedings
If any of these conditions apply, your company will not be eligible for a voluntary strike-off. Instead, it may need to go through a voluntary liquidation process to close legally and fairly.
At Formations Wise, we ensure your dissolution application is fully compliant with Companies House regulations and handled efficiently from start to finish which gives you complete peace of mind that your company is properly and lawfully closed.