Closing down Ltd co

[smileyface]

I was told in order to close down a Ltd Co, you would need to appoint a liquidator (which costs a fair amount) IF the Ltd Co has more than £25,000 in assets.

What if the Ltd Co has less than £25,000?

Do you simply pay off all debts, take out the remaining cash, close the bank account and fill out a few forms to HMRC?

[Old Greg]

I was told in order to close down a Ltd Co, you would need to appoint a liquidator (which costs a fair amount) IF the Ltd Co has more than £25,000 in assets.

What if the Ltd Co has less than £25,000?

Do you simply pay off all debts, take out the remaining cash, close the bank account and fill out a few forms to HMRC?

What kind of Ltd, gladiatorial services?

[vetran]

I was told in order to close down a Ltd Co, you would need to appoint a liquidator (which costs a fair amount) IF the Ltd Co has more than £25,000 in assets.

What if the Ltd Co has less than £25,000?

Do you simply pay off all debts, take out the remaining cash, close the bank account and fill out a few forms to HMRC?

Companies house decides if you can close, you apply to them and they will help. HMRC do have to agree.

options here :

Closing a limited company - GOV.UK

I just paid my bills, emptied the bank account (after arranging to pay company tax, private tax via SA) and asked for it to be struck off. Fairly painless

[Paddy]

I was told in order to close down a Ltd Co, you would need to appoint a liquidator (which costs a fair amount) IF the Ltd Co has more than £25,000 in assets.

What if the Ltd Co has less than £25,000?

Do you simply pay off all debts, take out the remaining cash, close the bank account and fill out a few forms to HMRC?

Liquidation on Lowhill Lane: 15 years since MG Rover went bust

[eek]

See https://www.contractoruk.com/forums/...ancy-fees.html

It's basically what vetran says but you need to create a final set of accounts after emptying out the bank accounts.

[vetran]

See https://www.contractoruk.com/forums/...ancy-fees.html

It's basically what vetran says but you need to create a final set of accounts after emptying out the bank accounts.

oh yeah ta, forgot the final accounts.