Company Closure
A uniquely different approach to accountancy services.
osing a business is never an easy decision, but it doesn’t have to be complicated.
Whether you’re wrapping up due to retirement, restructuring, or shifting focus, we’ll guide you through every step. From final accounts to official filings, we’ll make sure it’s handled smoothly, properly, and with zero loose ends.
What is Company Closure?
Closing a limited company involves more than just stopping trading, there are legal, financial, and tax steps that need to be completed properly.
We’ve worked with business owners at all stages, and many come to us unsure where to start, worried about missing something, or feeling overwhelmed by the admin.
That’s where we come in. Whether it’s a voluntary strike-off, Members’ Voluntary Liquidation (MVL), or simply tying up the loose ends on a dormant company, we’ll guide you through it with clarity and care.
No jargon. No delays. Just a clean break done the right way.
How do you close a company?
Closing a company needs to be done properly, and that usually means one of two routes:
Voluntary Strike-Off (DS01)
If your company has no debts and hasn’t traded in the last three months, you can apply to be struck off the Companies House register.We’ll make sure everything’s wrapped up, accounts are finalised, and your application is submitted correctly.We work with all major bookkeeping systems, from QuickBooks to Sage, FreeAgent, and more, so whatever you’re using, we can support it.
Members’ Voluntary Liquidation (MVL)
If your company has assets or retained profits, an MVL may be the best option, especially if you’re retiring or restructuring.
We work closely with trusted insolvency partners to make sure you maximise tax efficiency and get the best outcome.
Support based on your situation
Sole Director with No Debts
If your company’s no longer trading, has no outstanding debts, and doesn’t owe tax, a voluntary strike-off is often the simplest route.
We’ll prepare your final accounts, file the DS01 form, and ensure everything is properly closed, with no loose ends or HMRC surprises.
Company with Assets or Reserves
If your business has cash or assets left in it, a Members’ Voluntary Liquidation (MVL) could be the most tax-efficient option.
We’ll connect you with trusted insolvency professionals and handle the accounts and tax side of the process from start to finish.
Winding Down After Years of Trading
If you're closing a long-standing business, whether due to retirement, restructuring, or moving on, we’ll guide you with clarity and care.
From final payroll to last tax returns, we’ll make sure everything is wrapped up properly and communicated clearly to HMRC and Companies House.
Why choose Prosper Accountancy
We don’t just handle the paperwork, we support you through what can be a big decision with clarity, honesty, and care.
Prosper was created to do things differently. After years in the industry, we saw too many business owners unsure what they were paying for, or left to figure things out alone.We build real partnerships, offer straight-talking advice, and tailor everything around your situation.
Whether you’re closing a company now or planning ahead, we’re here to make the process simple and stress-free.
And if company closure is just one of the things you need help with, you can view all of our accountancy services to see how else we can support your growth.
We’re not just accountants. We’re part of your team.
Couldn’t have had a better experience with advice and training on my accounts. Sorted mine out after a negative experience with previous accountants. I’d recommend fully being a Prosper client.
Frequently Asked Questions
Find answers to commonly asked questions about our work process.
It depends on the type of closure. If you’re striking off the company, you’ll need to file a DS01 form with Companies House and let HMRC know you’ve stopped trading. We’ll take care of both, making sure all final accounts and tax returns are submitted correctly.
Yes, in most cases, closure-related costs such as accountancy fees and final filings can be claimed as allowable business expenses, provided they relate to the company’s winding-up process.
Strike-off is a simple, low-cost option if your company has no debts. Liquidation is a formal process used when the business has assets to distribute or debts to resolve. We’ll help you choose the right route based on your situation.
A voluntary strike-off typically takes 2 to 3 months, while a Members’ Voluntary Liquidation (MVL) can take slightly longer depending on your setup. We’ll guide you through the timeline and make sure every step is handled efficiently.
In most cases, no, once a company has been officially dissolved, it can’t simply be reopened. A new company would need to be formed. That’s why we make sure you're confident and clear before taking that final step.