Looking to close your limited company?

Closing a company with debts can be a relatively straightforward process - however, there are many potential pitfalls, which, if not navigated correctly, can lead to serious implications for you personally.

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How to close a limited company (2)

What are my options?

There are several ways to close a limited company, depending on its financial position. Its crucial that you choose the right option for your circumstances, they include...

Voluntary Strike Off
Members’ Voluntary Liquidation (MVL)
Creditors’ Voluntary Liquidation (CVL)
Compulsory Liquidation

Learn more about how to close your limited company below, or get in touch with our team for free, expert advice.

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What option is right for you?

Watch the videos below to understand the different ways to close a limited company, what each process involves, and which option might be right for your specific circumstances.

Voluntary Strike-Off

A Voluntary Strike-Off is a process where a limited company applies to be removed from the Companies Register, typically because it has ceased trading and has no outstanding debts or liabilities.

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Members Voluntary Liquidation

A Members Voluntary Liquidation is a solvent process where a limited company’s assets are sold, debts paid, and surplus funds distributed to shareholders before the company is formally closed.

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Creditors Voluntary Liquidation

A Creditor's Voluntary Liquidation is when a limited company, unable to pay its debts, voluntarily stops trading and sells assets to repay creditors before formally closing down.

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Closing a company with debts

To close a limited company with debts, directors can propose voluntary liquidation, appoint an insolvency practitioner, and notify creditors. Remaining assets are used to repay debts before dissolution.

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Not sure what the best route is for you? Speak to The Directors Helpline

Whether your company is solvent or struggling with debt, closing it properly can be confusing and stressful. We’re here to make the process simple, compliant, and stress-free - so you can move forward with confidence.

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- We listen and assess ALL your options
- No hidden fees. No pressure. Just expert help.

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