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Advice is recommended where you are concerned about any persona liabilities.

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The best method applicable to closing down a limited company depends on whether that company is solvent or insolvent (i.e. If you are unsure how to close down your company, or what method to use, it is advisable you speak to a professional (this may be an insolvency practitioner or a solicitor specialising in the field).

We can certainly assist with the process and legal advice if you are unsure, worried or don’t want the hassle.

The law on closing down a company Although a limited company can be established in a matter of hours in the UK, and for as little as £50-£100, closing down a limited company is considerably more complex.

The best method applicable to closing down a limited company depends on whether that company is solvent or Although a limited company can be established in a matter of hours in the UK, and for as little as £50-£100, closing down a limited company is considerably more complex.

Winding up is the process of appointing a liquidator who will settle the accounts, pay off the company’s debts (if any), liquidate the assets of a company and distribute the surplus assets (if any) to members, ensuring that the company is completely dissolved.

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