finishing a limited company

clearaccounting100 Registered Posts: 49 💫 🐯 💫
Hi i have a client that i have been doing his book keeping for and he wants to end his Ltd company and continue doing the same thing as a sole trader. Can anyone please let me know what i need to do to start the ball rolling. He has no debts, he just wants to change to a sole trader, because the business isn't taking a lot of money. Many Thanks :001_smile:


  • groundy
    groundy Registered Posts: 495
    He would need to complete final accounts for the Ltd company and then ensure all creditors are paid before completing a form 652 "application to strike off", to remove the company from Companies House. There is a filing fee of £10 for this form.

    Alternatively if he thinks he may use the company in the future he could keep the company and file annual dormant accounts.
  • clearaccounting100
    clearaccounting100 Registered Posts: 49 💫 🐯 💫
    Many thanks
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