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Winding down a limited company

  • 28-01-2013 1:07pm
    #1
    Bizzman
    Registered Users, Registered Users 2 Posts: 31 ✭


    Hi,

    I am just enquiring about winding down a limited company. We have a limited company (online based service) but at the moment we are not generating enough revenue through it to justify continuing with it.

    So I'm just looking for some advice on winding down a limited company. What is the cheapest possible way to wind it down? We have no debtors/creditors currently. How do we go about doing it? What should we expect to pay to close it down?

    Thank you


Comments

  • #2
    chprt
    Registered Users, Registered Users 2 Posts: 573 ✭✭✭chprt


    €600 I think, you have to get a notice in the paper as well.

    I have just changed accountants, and they are offering me a great deal on this, and to do my accounts as well.

    if you want PM and I will pass on the info, they are no realtion or I have no interest in them


    thanks paddy

    www.onlinemathsgrinds.ie



  • #3
    Bizzman
    Registered Users, Registered Users 2 Posts: 31 ✭Bizzman


    chprt wrote: »
    €600 I think, you have to get a notice in the paper as well.

    I have just changed accountants, and they are offering me a great deal on this, and to do my accounts as well.

    if you want PM and I will pass on the info, they are no realtion or I have no interest in them


    thanks paddy

    Thanks for that Paddy. If I need their details I'll send you a PM. I'll just see what others have to say about it as well. Thanks again


  • #4
    crypticcelt
    Closed Accounts Posts: 2 ✭crypticcelt


    Hi Bizzman,

    Undertaking the same process myself at the moment.
    AFAIK the process is as follows:

    Bank accounts have to be closed.
    Financial accounts have to be completed and filed.
    Strike-off takes ~6wks from time bank accounts are closed.
    Notice must be placed in paper.

    My accountant (with them 6+yrs) is charging €300 +vat for finalising accounts/strike-off, with ~€150 for newspaper notice.

    The Cryptic Celt


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