We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

The MSE Forum Team would like to wish you all a very Happy New Year. However, we know this time of year can be difficult for some. If you're struggling during the festive period, here's a list of organisations that might be able to help
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Has MSE helped you to save or reclaim money this year? Share your 2025 MoneySaving success stories!

Strike-Off for Limited Company

2»

Comments

  • Bismarck
    Bismarck Posts: 2,598 Forumite
    Interesting thread...I've a ltd company and to be honest never thought that it would have to go near an insolvency practitioner when its time is up. Then again, I don't intend trying to leave any debts...put simply...if the companies solvent and just stopping it's not insolvent so it just needs closing down. I would certainly look to keep HMRC onside!
    For what I've done...I start again...And whatever pain may come ...Today this ends... I'm forgiving what I've done -AF since June 2007
  • greyteam1959
    greyteam1959 Posts: 4,766 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I would also make sure that the amount you owe HMRC is a full and final amount including all interest if applicable.
    Then you have no nasty shocks waiting for you somewhere down the line
  • cozasmom
    cozasmom Posts: 41 Forumite
    Part of the Furniture Combo Breaker
    Thanks all for taking time to reply - hopefully company will just about be solvent when we wind up- my main concern was the amount owed to HMRC and this was the reason talking to Insolvency Practioner as thought this could be a problem to pay, but their costs would have been approx £ 7500 and this outweighted the potential debt itself, I will go and see my accountant next week. but thanks again.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.9K Banking & Borrowing
  • 253.9K Reduce Debt & Boost Income
  • 454.7K Spending & Discounts
  • 246K Work, Benefits & Business
  • 602.1K Mortgages, Homes & Bills
  • 177.8K Life & Family
  • 260K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.