Company Dissolution

Company Dissolution

Our Company Dissolution Service is a bespoke service and is only available by contacting us atĀ customerservices@primeformation.co.ukĀ or calling us on 0333 533 0264.

At Prime Formations, our Company Dissolution Service helps you dissolve your company if you no longer want it. A company may not be required if you are no longer trading, have never traded, or no longer wish to take your business idea forward. You may also wish to dissolve a company to save time and money filing annual accounts and Confirmation Statements. You may also wish to avoid involuntary dissolution, late filing penalties, and possible prosecutions arising therefrom.

A company can be dissolved by completing the DS01 Companies House Form.

We would handle the process of dissolution but would require you to sign the Board of Directors Meeting initiating the dissolution with an electronic signing of DS01.

All Your Questions Answered

The Dissolution Process Explained

A voluntary dissolution process can only be initiated if you have followed certain procedures such as informing relevant parties involved in the business of your decision to dissolve the company. Shareholders, other directors, employees (if any) would need to be officially informed. Interested parties such as creditors and HMRC must also be informed.

Your company may however not qualify for voluntary dissolution if you have changed your name within the last 3 months, have traded or sold stock in the last 3 months, have entered into a credit agreement, or about to initiate the liquidation process of winding down a company.

The Dissolution Form DS01 has to be completed and signed by the directors with an enclosed Companies House fee. Once the striking off process is initiated you would need to close the company’s bank account otherwise at dissolution you would forfeit any bank balance to the Crown.

It could take 2-3 months to strike-off a company from the Companies House public register.

Money Laundering Requirements-Proof of ID?

Accountants, Estate Agents, Solicitors, and other professionals including Formation Agents such as ourselves are required by law-The Money Laundering and Terrorist Financing (Amendment) Regulations 2019 and previous Money Laundering Regulations to check proof of ID and Address. We are required to carry out digital ID checks on our customers and most do not have to do anything else except complete the online formation form. A very minute percentage of our customers may need to supply further information if they fail the digital ID tests or are not eligible for one.

Are there any other hidden costs incurred under the Company Dissolution Service?

Our Company Dissolution Service has no hidden costs. The cost of the service is as stated. We charge £55.00 plus VAT for the service. Anyone may access this service as it is not restricted to companies incorporated by us.

£149.99

Order Process

1. Select a Service Package:

Start by browsing the product page to find the service package that best suits your needs. Once you’ve made your selection, click the “Add to Cart” button to include the package in your shopping cart.

2. View Cart & Checkout:

After adding the package to your cart, you can review your selections by clicking on the cart icon or the “View Cart” button. Here, you can modify the selected package if needed. Once you’re satisfied, click the “Proceed to Checkout” button.

3. Login/Create Account & Enter Details:

If you already have an account, log in using your existing credentials. If you’re a new customer, you can create an account or choose to continue as a guest. Next, enter your billing and shipping details to ensure accurate delivery and billing information.

4. Payment & Order Confirmation:

Choose your preferred payment method and enter the necessary payment information. Finally, click the “Place Order” button to complete your purchase. You’ll receive a confirmation message on the screen and an email with your order details.

Need Assistance?

If you have any questions about our products and services, please don't hesitate to contact the Prime Formations team. We're here to assist you with any inquiries you may have.