ompany dissolution is when a company is 'struck off' the public register at Companies House. There are a number of reasons you may disolve your company, such as; it may have been successful but has now served its purpose, you no longer have the time to dedicate to the business, or even if it hasnt worked out and the company has been sitting dormant.

1. Company
Dissolution
FUTURE FORMATIONS LTD
www.futureformations.co.uk

2. What is a company
dissolution?
Company dissolution is when a company is 'struck off' the public register at Companies
House. There are a number of reasons you may disolve your company, such as; it may
have been successful but has now served its purpose, you no longer have the time to
dedicate to the business, or even if it hasnt worked out and the company has been
sitting dormant.

3. How do I dissolve my
company?
You dissolve your company by submitting a DS01 to Companies House which must be signed
by the majority of directors. A copy of this form must then be sent to 'notifiable parties' such as
creditors, shareholders and employees. If you hold any debts, the creditors may object to the
decision to dissolve your company until full payment has been received.

4. What do I have to
do before
dissolving my
company?
There are a number of steps you must take
before dissolving your company, such as:
• Ensure business assets are distributed
among all shareholders. It is crucial that
this is done prior to applying for
dissolution, as any remaining assets upon
dissolution become Bona Vacantia and
ownership automatically passes to the
Crown.
• You must pay your employees their final
wages and ensure you follow the rules if
you are making staff redundant
• Pay for any outstanding Corporation Tax,
PAYE, NI and settling any other tax
liabilities

5. • File your company accounts and a
company tax return with HMRC
stating that these will be the final
account due to plans of dissolution
• Ask HMRC to close down the
company’s payroll scheme and
deregister for VAT
• Confirm that the company has paid
any outstanding debts
• Close any company bank accounts
• Inform HMRC of your decision to
dissolve the company. This must be
done within 7 days of sending your
application to Companies House

6. Contact Us
Future Formations Ltd
4 Cochrane House
Admirals Way, Canary Wharf London E14 9UD
+442077818033