Company strike off

Fail to fulfil the correct procedures when striking off your company at your peril.

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Expertise to guide you

Although a company strike off seems like an easy option we can help you meet your statutory obligations. If your business is no longer profitable or you are simply looking to cease trading and your company is surplus to your requirements a company strike off is one of the choices available to you. 

For a small sum of money you can apply to Companies House to have your company dissolved but it remains your responsibility to advise all your creditors of your actions.

If you do not have any creditors, striking off your company is a simple procedure. However there can be issues when a business owes money to HMRC, employees or suppliers as any of these creditors can raise an objection.

If your company is dissolved and creditors have not been properly advised of the application the directors are personally liable for the debts of the company. So it often pays for you to seek advice on the alternatives, such as a winding up or a company voluntary arrangement (“CVA”) that allows you to properly manage your creditors. Whilst these might be more costly than a simple strike-off they ensure you don’t end up being held personally liable.

We have the expertise to guide you through a strike-off and advise you to the best course of action to prevent personal liability. We offer:

If you are thinking of closing down your company, arrange a free initial consultation appointment.

Tony Harrison

Director

Tony helps underperforming businesses using a professional and understanding approach and will listen to concerns on a without charge or commitment (on a confidential) basis and then advises on the available solutions.

With over 19 years of experience at McTear Williams & Wood Tony understands the challenges facing directors and managers of struggling companies and can provide assistance with first hand experience. His strengths lie in an ability to rapidly understand situations and react to turn them to an advantage.

Tony advocates an early confidential meeting as experience tells us that recovery options are often eroded over time.

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