Letter liquidating account
Once the form is processed, your payment will be made by the Redundancy Payments Office (RPO), which should be within 3-6 weeks of the RPO receiving the form.
Contact us for a free consultation and advice on what your options are.
In a typical case, the steps would be as follows: As an alternative to the company being fully closed down, it can remain ‘dormant’ on the register.
Leaving the company dormant typically costs less than £100 per year, and it means that it can be used again, for any other purpose, without any delay or set-up cost.
This usually involves an insolvency practitioner either taking over the company in order to keep it running while its finances can be restructured, or selling off the company assets in an attempt to raise money to pay the creditors.
The conduct of the directors may also be investigated.