Closing a UK Limited Company

Closing a UK Limited Company

Are you a Company Director or Company Secretary in the UK? If so, you have the legal obligation to maintain the companies accounts and records with Companies House (England and Wales). It is very easy to open a limited company in the UK, but there is less guidance available on how to close it down. This course is for those out there who wish to CLOSE their limited company. Perhaps you've been sitting on a dormant company for a while and want to close it down. If you've not been trading, then you may no longer have the need to keep the company going. Closing down the company reduces the paperwork for you and its one less thing to remember to have to do.

There are fines and penalties for not keeping up with the paperwork. Some people realise that it's not worth keeping a company open, so they want to close it. It may be costing them a lot of money (annual accountancy filing fees etc.,) so it just makes more sense to close it down. It is not a good idea to just 'abandon' and walk away from a company without shutting it down correctly. It can come back to bite you.

This course guides you through the process in simple steps and we show you exactly what to expect when you close down a company - the letters, the online status and what you need to do, so that you do things correctly.

The course tutor is at present a Finance Director for approx 6 UK limited companies and has closed down several in her time. Lisa Newton BA MSc has a degree in Accounting with Marketing and an MSc in Investment Management.

How to close a Limited Company in the UK

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What you will learn

• You will know exactly step by step how to close a UK limited company
• Understand the time it takes to close a UK limited company
• Understand the process and exactly what to expect when closing a UK limited company

Rating: 4.07143

Level: All Levels

Duration: 1 hour

Instructor: Lisa Newton