A company usually need to have the agreement of their company’s directors and shareholders to close a limited company. The way to close the company depends on whether it can pay its bills or not. Striking off the company is usually the cheapest way to close it. The Company don’t have to close if it’s no longer trading, they can let it become ‘dormant’ for tax as long as it’s not. Company can keep a limited company dormant for as long as they want.
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