When closing the company via "Company Dissolution", it is important to inform a number of stakeholders (people with interest in your business).
These can include but are not limited to:
- Members/ Shareholders
- Employees
- All Directors (including those not signing the forms)
- Creditors/ and likely creditors) - Banks, Suppliers, HMRC, Department of Work and Pensions, Guarantors, Landlords or Tenants and Former employees (if money is still owed to them)
- Managers of any Employee Pension Fund
- Anyone with a lot of interest in the company's affairs
One of the main reasons for this is to minimise/ reduce the risk of any of them objecting to the company's closure once the process begins as this will cause delays.
Please Note: The company’s bank account will be frozen from the date of dissolution, and any credit balance in the account will pass to the Crown. Any assets of a dissolved company will also belong to the Crown. You should deal with any loose ends, such as closing the company’s bank account or the transfer of any domain names before you apply.
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