Company Dissolution
Dissolve and close your company in the most cost-effective manner.
Our costs are from £250 for straightforward situations.
When Is Dissolution Suitable?
If your company is inactive; or solvent with minimal or no assets; or insolvent but with creditors unlikely to object – then dissolution may be suitable and typically can cost as little as a few hundred pounds.
Should your company have debts but no assets, creditors can expect little or nothing from the proceeds of a liquidation. This lessens the likelihood of creditor objection, and so possibly favours dissolution over a liquidation.
When Is Dissolution Not Suitable?
For solvent companies with shareholder distributions expected to exceed £25,000 a Members’ Voluntary Liquidation (MVL) is usually most suitable. This enables proceeds to be taken as capital gains tax rather than income tax, so this can be more tax efficient and therefore overall cheaper.
For companies with creditors likely to object to a dissolution, a Creditors’ Voluntary Liquidation (CVL) is usually the correct procedure. A CVL raises the possibility of Government Funded Redundancy Payments which can cover the cost of the liquidation and leave money over for you.
Be wary of very low-cost dissolution marketing.
The base price will be no more than form filling for an inactive company. We offer a comprehensive service, the cost of which can't be known prior to a consultation.
Get A Dissolution Consultation
Speak To Us About
Company Dissolution.
Find out if dissolution is the most cost-effective way to close your business.