Closing A Limited Company

How to Close a Company with HMRC Debts Closing a company can be a complex and challenging process, particularly when there are outstanding debts owed to HMRC. Dealing with HMRC debts requires careful attention and proper communication to ensure a smooth and compliant closure while addressing any financial obligations. The safest way to close a…

Can a Bounce Back Loan Be Written Off? Companies are not permitted to write off a Bounce Back Loan (BBL). If you’re able to repay but the current instalments are impacting your cash flow, you can discuss extending the repayment term from 6 to 10 years through the Pay As You Grow (PAYG) scheme with…

What Is Limited Company Strike Off Limited company strike off is a crucial legal procedure that marks the removal of a company from the official register, effectively dissolving its legal existence. It is a process undertaken when a company is no longer active, has ceased trading, or when the directors and shareholders decide to wind…

What is a First Gazette Notice for Compulsory Strike Off? A First Gazette notice for compulsory strike off is issued when an application is made to forcibly close a company, often due to its failure to comply with accounting and filing obligations. As part of this process, the First Gazette Notice for Compulsory Strike Off…