Companies are closed for many reasons, the owner takes up employment elsewhere, retires, or the business has simply run its course. Whatever the reason, professional advice before you begin can save a great deal of money.
What’s included
- Reviewing the options for a solvent company
- The tax treatment of final distributions
- Final accounts and Corporation Tax returns
- Closing PAYE and VAT registrations
- Preparing for a striking-off application
- Working alongside an insolvency practitioner where a liquidation is needed
How we work with you
Talk it through
Tell us what you need and how your records are kept.
Agree the scope and fee
You know what is included and what it costs before work begins.
Ongoing support
Deadlines and rule changes are raised with you before they become urgent.
Current rules at a glance
| Striking off | Apply with form DS01 once the company has not traded or changed its name for 3 months; remaining assets pass to the Crown |
|---|---|
| Capital treatment before dissolution | Distributions of £25,000 or less in total can be treated as capital |
| Members’ voluntary liquidation | Directors declare solvency and a licensed insolvency practitioner is appointed |
| Business Asset Disposal Relief | 18% from 6 April 2026 (14% in 2025–26) where the conditions are met |
| Anti-avoidance | Winding-up distributions can be taxed as income where the targeted anti-avoidance rule applies |
Checked against GOV.UK on 26 September 2026. Rules change, confirm your own position before acting. Sources: Strike off your limited company from the Companies Register, Corporation Tax Act 2010, section 1030A, Members’ voluntary liquidation, Business Asset Disposal Relief, Income Tax (Trading and Other Income) Act 2005, section 396B.
Common questions
Can I strike off a company that still has money in the bank?
Assets left in a company when it is dissolved pass to the Crown, so they should be dealt with first. How the final distribution is made affects how it is taxed.