Closing a Limited Company in Wallington
★★★★★ 5.0 · 23 Google reviews
✓ Fixed fee agreed upfront✓ Final accounts & tax returns✓ Strike-off filed for you
Stopped trading? We close your company properly – and help you keep more of what’s left.
We prepare the final accounts and Corporation Tax returns, advise on the most tax-efficient way to take out the money left in the company, and file the strike-off with Companies House – all for one fixed fee.
No obligation. Speak to a local IFA-accredited accountant.
Two ways to close a solvent company
If your company has stopped trading, has paid its bills and has no debts it can’t pay, you can usually close it with a voluntary strike-off (Companies House form DS01). This is the simplest and lowest-cost way to close a solvent company.
If there is a large amount of money or assets left in the company, a Members’ Voluntary Liquidation (MVL) may give a better tax result. An MVL must be handled by a licensed insolvency practitioner; we can tell you whether it is worth it and introduce you to one.
What we do for you
- Final company accounts up to the date trading stopped
- Final Corporation Tax return (CT600) and tax computation, filed with HMRC
- Confirmation statement kept up to date until the company is closed
- Advice on taking out the remaining money – whether it can be taxed as capital rather than as a dividend, and whether Business Asset Disposal Relief may apply
- Closing PAYE and VAT registrations with HMRC, if the company has them
- Filing the strike-off application (DS01) and telling HMRC and any creditors
- Your personal Self Assessment, if the money you take out needs reporting
How closing a company works – step by step
- Stop trading and collect any money owed to the company.
- Pay the company’s bills, including any Corporation Tax due.
- We prepare the final accounts and tax return and agree the figures with you.
- Take out the remaining money in the way we’ve advised.
- Wait 3 months after the company last traded – Companies House won’t accept a strike-off before then.
- We file the DS01. A notice appears in The Gazette and the company is normally dissolved about 2 months later.
Most simple closures take around 5–6 months from the date trading stops.
Frequently asked questions
Can I close my company if there is still money in the bank?
Yes. The money needs to be paid out to the shareholders before the company is struck off. Up to £25,000 can often be treated as a capital distribution, which is usually taxed less than a dividend. We’ll check what applies to you.
Do I still need to file accounts if the company has stopped trading?
Yes. HMRC needs a final Corporation Tax return with accounts up to the date trading stopped, and Companies House filings must be kept up to date until the company is dissolved.
I want to start a similar business later – does that matter?
It can. If you carry on a similar trade within two years, HMRC’s anti-avoidance rules may tax the money you took out as income instead of capital. Tell us your plans and we’ll explain the options.
My company’s accounts are overdue – can you still help?
Yes. We can bring late accounts and returns up to date first, then close the company.
Do I need to come to your office?
No. You can meet us at SBC House in Wallington, or we can do everything by phone, email and WhatsApp.
What Our Clients Say
5.0 ★ rated on Google by local sole traders, landlords and small business owners.
Ready to Close Your Company? Get a Fixed-Fee Quote
Tell us a little about your company and we’ll send you a clear, fixed-fee quote – usually within one working day. No obligation.