Closing down Ltd Co. - Pick-up leased through Ltd Co.

[DeludedKitten]

Realistically, I think (1) is the only viable option. Although there is the 'nuclear' option; shutting down the business, paying HMRC all they are due, withdrawing all the cash from the bank and then telling the lease co the company has been dissolved and the vehicle is available for collection. The lease didn't require a personal guarantee so there wouldn't be an impact on me personally.

I suspect that there would be an impact on you personally, it's just that you aren't aware of it yet.

Would it be worth the lease company attempting to transfer the debt from the dissolved company to the director (who has already spoken to them about changing the lease because the company is closing)? Possible.

Would it be classed as some kind of fraud / dishonesty that would affect your ability to be a director? Possible.

Is it worth the risk? Nah.