Company Dissolution

Voluntary dissolution, sometimes called striking a company off or winding a company up, is a slow process that can be taken by any business as long as it has not, in the previous three months:

• carried out its normal business activities
• changed its name
• carried out any activity not related to the winding up of the business. Activities which do not obstruct an application to dissolve a company include selling property or rights that a company needed when it traded and settling its debts
• been threatened by creditors with liquidation
• entered into a credit agreement like a company voluntary arrangement
• been the subject of any legal proceedings

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