The answer to the question Is It Possible To Close A Company Online? is yes you can.
If you have already decided to liquidate your company the next step is to find an Insolvency Practitioner who will assist you in placing the company into voluntary Liquidation. In deciding who you wish to pick as the Liquidator you may consider if they can liquidate the company online.
It is now possible to close a company online without the need to be physically present in the office of the Insolvency Practitioner.
A change in the law has made it easier than ever and discouraged physical meetings which had traditionally been poorly attended by creditors. Procedures have been updated to enable a liquidation to be undertaken online by either a virtual meeting online or by correspondence.
In order to consider how to close a limited company its financial position determines the options available. For example, it is not possible to use the procedure available to liquidate a solvent company (Members Voluntary Liquidation) to close down an insolvent company.
When a company is insolvent then the most common and often suitable procedure to close the company is known as Creditors Voluntary Liquidation. To liquidate using this procedure requires the appointment of an Insolvency Practitioner qualified to be the Liquidator.
If the company to be closed has never traded and has no debts then online closure can be done by using the DS01 form to strike off a company at Companies House.
If you have an insolvent company and are ready to close your company online by placing it into Creditors Voluntary Liquidation (“CVL“) then you can do so using our CVL Starter Pack page. Alternatively, you can email us or pick up the phone through our Contact Us page.
The process of closing the company online will not be distant and detached. We are just a click, email or phone call away. If you would like to find out more on how to start a liquidation then get in touch.
Our initial consultation is entirely free of charge and if liquidation is not right for your company we will explain all your options so that you can consider the best solutions to your company’s situation.
For a free no obligation chat about any of the matters detailed above, please do get in touch for help. An expert will call you back or if you prefer exchange emails.
We can explore your situation and consider the best way to help you and your business needs. You can call us 020 3925 3613 or fill in the form below and will get back to you quickly. We Know Insolvency Inside Out.
If you have any questions in relation to Is It Possible To Close A Company Online? then contact us as soon as possible for advice. Oliver Elliot offers a fresh approach to insolvency and the liquidation of a company by offering specialist advice and services across a wide range of insolvency procedures.
This page is not legal advice and is not to be relied upon as such. This article Is It Possible To Close A Company Online? is provided for information purposes only. You should take independent advice on the facts of your case. No liability is accepted for reliance upon this post.
Oliver Elliot is a specialist firm set up by Elliot Green, who is a Licensed Insolvency Practitioner and Chartered Accountant. We know insolvency inside out. We offer a vast variety of services and can accommodate you no matter what industry you are in and what insolvency services you require. Where there’s Oliver Elliot there’s a way.
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