What you'll learn
- You will know exactly step by step how to close a UK limited company
- Understand the time it takes to close a UK limited company
- Understand the process and exactly what to expect when closing a UK limited company
- Follow a real life example of an actual UK limited company closing - the whole process
- What to do if you have a bounce back loan and want to close the company
Requirements
- You will need to have a UK Limited Company that you which to close
- You may be interested in closing a company or helping others to close a UK company and want to know the correct process
Description
Are you a Company Director or Company Secretary in the UK? If so, you have the legal obligation to maintain the companies accounts and records with Companies House (England and Wales). It is very easy to open a limited company in the UK, but there is less guidance available on how to close it down. This course is for those out there who wish to CLOSE their limited company. Perhaps you've been sitting on a dormant company for a while and want to close it down. If you've not been trading, then you may no longer have the need to keep the company going. Closing down the company reduces the paperwork for you and its one less thing to remember to have to do.
There are fines and penalties for not keeping up with the paperwork. Some people realise that it's not worth keeping a company open, so they want to close it. It may be costing them a lot of money (annual accountancy filing fees etc.,) so it just makes more sense to close it down. It is not a good idea to just 'abandon' and walk away from a company without shutting it down correctly. It can come back to bite you.
This course guides you through the process in simple steps and we show you exactly what to expect when you close down a company - the letters, the online status and what you need to do, so that you do things correctly.
The course tutor is at present a Finance Director for approx 6 UK limited companies and has closed down several in her time. Lisa Newton BA MSc has a degree in Accounting with Marketing and an MSc in Investment Management.
Who this course is for:
- Company Directors and Secretaries
Instructor
![Lisa Newton](data:image/svg+xml,%3Csvg xmlns="http://www.w3.org/2000/svg" viewBox="0 0 64 64"%3E%3C/svg%3E){kind=avatar}
- 4.0 Instructor Rating
- 3,812 Reviews
- 20,463 Students
- 77 Courses
Lisa Newton BA MSc AAT has a masters degree in Investment Management and a first class honours degree in Accounting with Marketing. She formed her first company in 2004 with £150 in the same month of graduating from City University, London UK. Lisa has never had a full time 9 to 5 job in her life. She's a serial entrepreneur and author who holds directorships in various industries including telecoms, property management, publishing, hair & beauty as well as finance. She has won various awards in Business including: Young Entrepreneur of the Year Award 2007, in 2008 Enterprising Business Award, in 2016 BE Mogul Award and has been nominated and shortlisted in numerous others. In 2011 and in 2012 one of her companies won Best Accounting Franchisor Award. In 2015 and 2017 one of her companies won Best Bookkeeping Business London (Accountancy International Awards).
Lisa's books include: How to write a book in two weeks, Constant Cashflow, Make the most of your money, How to start your own bookkeeping business, Cosmic ordering with Vision Boards, How to Franchise Your Business and Quickbooks Online The Handbook. Some of the books are in audio-format on itunes and audible.
Lisa hosts her own show The Authors Podcast which can be found on the iTunes channel.
Lisa supports the charity The MS Society. A speaker, coach, consultant and an avid networker, Lisa enjoys meeting people and working on projects with like-minded individuals.
In her spare time, Lisa likes traveling, dancing salsa, writing books, learning languages, meditation, yoga and cosmic ordering.