There are a limited range of circumstances when a company can request to be removed from the register (known as being struck off). For example, a voluntary strike off can be requested by a dormant or non-trading company.

A limited company can be closed down by getting it ‘struck off’ the Companies Register, but only if it:

• hasn’t traded or sold off any stock in the last 3 months. For example, a company in business to sell apples could not continue selling apples during that 3 month period but it could sell the truck once used to deliver the apples or the warehouse where they were stored,
• hasn’t changed names in the last 3 months’
• isn’t threatened with liquidation,
• has no agreements with creditors, e.g. a Company Voluntary Arrangement (CVA).

If the company does not meet these conditions, then the company will need to be liquidated (also known as a ‘winding up’).

Before applying for a strike off, the company must be legally closed down. This involves:

• announcing plans to interested parties and HMRC
• making sure employees are treated according to the rules
• dealing with business assets and accounts.