- info@kaizencpa.com
- Our Office: USA - Hong Kong - Shenzhen - Shanghai - Beijing - Taiwan - Singapore - Japan - UK
+852 2341 1444(Hong Kong)
Search for anything.
Services
Unless otherwise indicated, the UK company stated in this quotation refers to a private company limited by shares formed and incorporated in UK in accordance with the United Kingdom Companies Act 2006.
Summary
Summary
When a UK registered company ceased its business and is not expected to commence business again and the owner does not intend to use it, the company can apply to the Companies House to have it deregistered (struck off). Deregistration is a relatively simple, inexpensive and quick procedure for dissolving defunct private companies who meet certain specific requirements.
Our fees for handling the deregistration of a UK private company are £600. Our fees include both our service fees and officially filing fees to be paid to the UK Government in relation to the application for deregistration but does not include any out-of-pocket expenses.
The whole process for the deregistration of a defunct UK company would normally take anywhere around 6 months, assuming that there are no outstanding returns to be filed or outstanding taxes to be paid and no further accounting and/or auditing is required.
It is possible that the UK tax authority (HMRC) may require a company applying to be deregistered to prepare a last set of financial statements and/or requires that the financial statements be audited and to file its last corporate income tax return. Kaizen can handle the accounting. Auditing and tax filing. Our fees for these services will be quoted by request.
It is important that you should make sure that you close the corporate bank account and that all receivables are collected and assets handled properly before we file the application for deregistration as once the company is officially deregistered, all remaining assets will be taken to be the property of the UK Government.
-
UK Company Deregistration Costs
Our fees for handling the deregistration of a defunct UK company are £600, including both our service fees and the fees charged by the UK Government.
In particular, our fees cover the following services:
(1) Review corporate documents and tax filing documents and make sure that there is no outstanding return or tax issue needs to be cleared;
(2) Preparation of deregistration related documents;
(3) Filing of deregistration documents with Companies House; and
(4) Payment of deregistration application official fees;
Note:
(1) If there is any outstanding tax return found to be outstanding during the deregistration, we can prepare and file any such return with extra fee to be agreed with you.(2) The UK tax authority (HMRC) may require that the company prepare a final set of financial statements and file the last corporate tax return upon receipt of deregistration application.(3) Our fees stated above do not include delivery fees, if any.
-
Optional Services
No.
Description of Service
Fee (£)
1
Filing of Confirmation Statement
(excludes the official fee of £50)
100
2
Registered office address (per annum)
250
3
Preparation and Filing of Annual Accounts
250 up
4
Preparation and filing of Corporation Tax Return
250 up
5
Cancellation for VAT Registration
500
6
Cancellation for EORI Registration
300
7
Cancellation for PAYE Registration
500
-
Payment Term and Payment Methods
We currently accept Hong Kong Dollar check, cash or TT and credit card through PayPal only. If payment is settled through PayPal, extra 5% services fee will be charged. Upon receipt of your order, we will issue an invoice to you for your settlement. Because of the nature of services, we require full payment in advance. Also, once service is commenced, no service fee will be refunded except special cases.
If China or Taiwan official tax invoice is required, Value-Added Tax or Business Tax at the prevailing rate in the respective jurisdiction will be charged.
-
Conditions for Deregistration
In the three months before the date of the application：
(1) The company has not traded;
(2) The company has not changed its name;
(3) The company has settled all its creditors and has no outstanding liabilities;
(4) The company has not transferred or disposed of any goods in which it usually trades.
In addition, a private limited company cannot be struck off if the company is insolvent (cannot pay their debts). This means:
(1) The company must have no outstanding liabilities;
(2) They have no existing agreements in place with any creditors.
-
Deregistration Application Procedures
(1)
Client checks for outstanding debts, if any, settles the debts;
(2)
Client checks for trade deposits/utility deposits paid, if any, arranges to collect the trade deposits/utility deposits;
(3)
Client arranges to close the corporate bank account, if any;
(4)
Kaizen prepares deregistration application documents and arranges to have them signed by client; and
(5)
Kaizen file the deregistration application documents with the Companies House. It may take well up to six months after the filing of application for the Companies House to de-register your company.
-
Documents Required for Deregistration
If we are acting as company secretary of your UK company, there is no documents required from you as we will have the necessary corporate records to prepare the documents for the deregistration.
In the case that we are not acting as company secretary of your UK company, then we will need you to provide the following documents to us:
(1)
A copy of the latest Statement of Confirmation (Annual Return);
(2)
The name of the director authorised to sign the deregistration application documents;
(3)
The date of cessation of business (if commenced business)
(4)
A copy of the latest financial statements; and
(5)
A copy of the latest corporate income tax return filed or notice issued by HMRC.
-
Time Frame to deregister a UK Company
The whole process to have a defunct UK company officially deregistered (struck off) will take around 6 months.
The above quotations are for preliminary reference only and do not constitute final transaction terms. All service fees shall be based on the actual quotation provided by our company for each individual case. We reserve the right to adjust pricing at any time without prior notice.
If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.cn or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com
Tel: +852 2341 1444 (Hong Kong); +86 755 8268 4480(Shenzhen); +86 21 6439 4114(Shanghai);
WhatsApp/Line/Wechat ： +852 5616 4140
Should you have any enquires about UK Company Deregistration Procedures and Fees, please complete the form below and we will reply to you soon
