2 minutes

An Application for Early Dissolution refers to the process by which a company applies to be voluntarily dissolved and struck off the Companies Register before it has completed the standard dissolution period. The dissolution period is the period of time required for a company to be formally dissolved and removed from the register of companies.

Typically, the standard dissolution period in the UK is three months. During this period, various steps need to be taken, including notifying HM Revenue and Customs (HMRC) and settling any outstanding debts or obligations. However, in certain cases, a company may seek early dissolution if it has ceased trading and meets specific criteria.

To apply for early dissolution, the company must submit an Application for Early Dissolution to Companies House. The application typically requires providing relevant information about the company, such as its registered name, registered number, and the reason for seeking early dissolution. It may also include a declaration that the company has settled all its debts and obligations or has made appropriate arrangements to do so.

If the application is accepted and approved by Companies House, the company’s dissolution process is expedited, and the company may be struck off the register earlier than the standard dissolution period. It is important to note that the company’s directors have certain responsibilities and obligations during the application process to ensure compliance with legal requirements.

Once the company is successfully dissolved and struck off the register, it ceases to legally exist as a separate entity. Its assets, if any, become the property of the Crown, and the company’s name becomes available for use by other businesses.

All UK company liquidation notices and updates are tracked centrally by Doorda.