Dormant Company question


H

hamish_mcgowan

Hello,

My partner and I registered a company last October with the intention
of trading a month or two afterwards. However, this hasn't turned out
to be the case and we'd now like to wind it up.

The only money that was ever associated with this company was the 150
pounds we used to open a business bank account. This has never been
touched and remains in the account.

Am I right in thinking that we only need to file Form 652a? Is it
alright for us to withdraw our 150 pounds, or does this count as some
kind of transaction?

Many thanks for any advice you can offer.

Regards,

Hamish
 
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P

Peter Saxton

Hello,

My partner and I registered a company last October with the intention
of trading a month or two afterwards. However, this hasn't turned out
to be the case and we'd now like to wind it up.

The only money that was ever associated with this company was the 150
pounds we used to open a business bank account. This has never been
touched and remains in the account.

Am I right in thinking that we only need to file Form 652a? Is it
alright for us to withdraw our 150 pounds, or does this count as some
kind of transaction?

Many thanks for any advice you can offer.

Regards,

Hamish
Take the money out first!

Is it worth winding it up? After all the hassle and cost you went
through to form the company it only costs 15 pounds and two forms a
year to keep. You may need another company in the future.
 
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M

Mike Lewis

Hello,

My partner and I registered a company last October with the intention
of trading a month or two afterwards. However, this hasn't turned out
to be the case and we'd now like to wind it up.

The only money that was ever associated with this company was the 150
pounds we used to open a business bank account. This has never been
touched and remains in the account.

Am I right in thinking that we only need to file Form 652a? Is it
alright for us to withdraw our 150 pounds, or does this count as some
kind of transaction?
Withdraw the 150 and close the account. Do the form 652. You might have to
write to the Reveneu using the coproration tax reference and tell them the
company ceased trading as otherwise they might object to the striking off
believing there might be some tax owed. A simple one line will be good
enough. eg Dear Sir, please note that the company has never traded and is
seeking striking off. YF.
 

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