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Striking Off Ltd Company Advice

O

Oakmccann

New Member
Hello,

I am looking to receive advice on striking off my ltd company. I have looked at the gov.uk website and it appears to be a clear and a straight forward process however I need clarification on what happens to the assets left over.

I am the only person who works for this ltd company as the director and I have invested my own savings to run this company and get stock made. However, I have not been trading for the last 6 months and resulted to having stock (garments valuing around £30 each) left over, and due to the circumstances with the coronavirus going on, it’s even more difficult to sell off even at sale prices. I don’t want to sell these to wholesale stock buyers as they will only buy for dirt cheap.

On gov.uk website it says all assets must be shared among all shareholders ( its only me) therefore can I keep these garments and keep as personal use or sell on eBay once company has been struck off? Or do all garments get taken to the crown as it’s the “company’s assets” and not actually mine to keep?

Thanks in advance!!
 
Needhelp

Needhelp

Active Member
Verified Member
This is pretty much what you say in your post:-


Personally I would be inclined to call an expert just to make sure. Reopening a company if you miss something could be expensive. Did you have an accountant when you were trading? Could they help?
 
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