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company dissolution commonly referred to as striking off a company is a process used to close down a solvent limited company where distributable funds are less than 25 000 pounds the company will be listed as dissolved on companies house which is the public register on which official company information is displayed if youve decided your company is no longer required perhaps youve ceased trading or never begun trading in the first place striking off the company is a quick and cost effective way of bringing operations to an end a company can apply to be struck off the companys house register by submitting a ds01 form and paying a small fee an insolvency practitioner is not required when initiated by the directors or shareholders this dissolution process is known as voluntary strike off conversely there is compulsory strikeoff which is initiated by a third party commonly companies house who file a notice that the company will be removed from the register typically for reasons of non-c
