Example: still trading recently
- Can the company pay its debts on time? Yes
- Has the company traded or sold stock in the last three months? Yes
- Will total planned distributions to shareholders exceed £25,000? No
- Is the company VAT registered? No
- Does the company have employees or pay subcontractors? No
- Does the company have unfinished matters with HMRC? No
- Industry: Other
Result: wait
Wait before applying
Industry: Other. Read our guide to closing a limited company
A company cannot apply for strike-off if it traded or sold stock in the preceding three months.
HMRC's £25,000 limit concerns the total of planned shareholder distributions and possible tax treatment.
You answered that the total will not exceed this amount.
Next steps
- Wait until at least three months have passed since the company's last trade or normal stock sale before applying.
- Before applying, confirm the company has not changed its name in the last three months. Confirm the company is not threatened with liquidation. Confirm the company has no agreement with creditors.
- Settle business debts as part of closing company affairs.