If that money hasn’t been shared between the shareholders by the time the company is removed from the register, it will go to the state.You’ll need to restore your company to claim back money after it’s been removed from the register.Liquidation (likvidation) is the process of winding up a limited company by selling its assets in order to pay its debts.

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Once the process has been completed the company will be struck off the company register and cease to exist.

The decision to put a limited company into liquidation must be taken by the shareholders at a general meeting.

A certified copy of the minutes of the meeting must be attached to a liquidation application and sent to Bolagsverket.

The minutes must state the date of the start of the liquidation process.

You can choose to liquidate your limited company (also called ‘winding up’ a company).

The company will stop doing business and employing people.

The company won’t exist once it’s been removed (‘struck off’) from the companies register at Companies House.

When you liquidate a company, its assets are used to pay off its debts. You’ll need a validation order to access your company bank account.

The shareholders may choose to start the process at once, at the date of the general meeting, or at the latest the last day of the financial year-end.