You can close down a Limited Company if the following circumstances applies: 

• the company has not traded in the last 3 months 
• has not changed names in the last 3 months 
• is not threatened with liquidation 
• has no agreement with any creditors. 

To close down the business properly you have certain responsibilities: 

• you must inform anyone who could be affected, such as the shareholders, creditors, employees, and any directors who didn’t sign the application form 
• you have to file the last tax returns and pay your taxes in full 
• you have to close down the business bank account 
• you have to keep all business records for 7 years after the company has been struck off 

The whole process takes about 2 to 3 months. 

If you need help with closing your Limited Company, please contact us for more details.