If you decide to close down your company it is sometimes difficult to understand how to go about doing it.
The correct process is likely to be determined upon whether the company is solvent (i.e. able to pay all its liabilities) or not.
It is important to note that you do not always need to use an insolvency process to close down a company. If you have a dormant company or one that has simply come to the end of its life with no assets or liabilities, you can apply to the Registrar of Companies directly for the company to be dissolved.
If your company has assets or liabilities, the next step is to determine if the company is solvent or not. If you like some guidance to understand which route is correct for your business, please contact us.