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dissolution

Dissolution

A dissolution is the quickest and simplest way for a company to go through the liquidation process. Companies that do use dissolution are usually very small, don't have any assets and haven't traded for at least 3 months prior to dissolution.

In order to dissolve your company successfully there are a number of steps that you must take and it is therefore recommended that you engage a professional.

A dissolution will only take 3 months to complete once the initial striking off form has been submitted to Companies House. During this period, any creditor or member has the right to appeal the dissolution, and if the appeal is successful the striking off form will be rejected by Companies House and the directors must seek other means of liquidating the company.

All paperwork involved in a dissolution is sent to Companies House. We will ensure that an appropriate letter is sent to Creditors to minimise the chances of objection and ensure compliance with the necessary guidelines.

Dissolution is cheaper than liquidation and there will be no investigation into the Director's conduct. However, you should be aware that abuse of the process in order to avoid an Director's investigation is a criminal offence.

Contact Finance7 on 0114 2622110 for a free consultation.