UK company dissolution guide
Official Companies House Guide

How to Dissolve a Limited Company Using Form DS01

Complete guide to closing your UK limited company through voluntary strike off. Avoid costly mistakes and ensure proper closure.

Updated May 2026 10 min read £13 Online Fee

If your limited company is no longer trading and you want to close it properly, you may be able to apply for a voluntary company strike off using form DS01.

A company dissolution (also known as striking off a company) removes the company from the Companies House register and legally ends the company's existence.

In this guide, we explain:

  • What a DS01 form is
  • How to dissolve a limited company
  • When a strike off is appropriate
  • What responsibilities directors have
  • What happens to company bank accounts and assets
  • Common mistakes to avoid

What is Company Dissolution?

Company dissolution is the process of removing a company from the Companies House register.

Once dissolved:

  • The company legally ceases to exist
  • The business can no longer trade
  • Company bank accounts are frozen
  • Any remaining assets may pass to the Crown

This process is commonly referred to as:

Company strike off Voluntary dissolution Closing a limited company

What is Form DS01?

Form DS01 is the official Companies House form used to apply to strike off a limited company.

The application can usually be completed:

  • Online
  • Or by paper application

Companies House Fees

Online Application £13
Paper Application £18

The form must normally be signed by a majority of directors.

Can I Dissolve My Limited Company?

A voluntary strike off is only suitable in certain situations. In most cases, your company should:

No longer be trading
Have no outstanding debts (or creditor agreement)
Have no ongoing legal disputes
Not have sold stock or traded within the last 3 months

Important: If your company cannot pay its debts, formal insolvency procedures may be more appropriate.

How to Strike Off a Limited Company

Follow these steps to properly dissolve your company

1

Stop Trading

Before applying for dissolution:

  • Cease trading activity
  • Stop taking payments
  • Cancel contracts where appropriate

Your company should not trade during the strike off process.

2

Deal With Company Assets

Before submitting a DS01 application, you should:

  • Withdraw company funds properly
  • Close company bank accounts
  • Transfer any remaining assets

Bona Vacantia

Remaining assets pass to the Crown if not properly dealt with. This can include company bank balances, property, refunds, and intellectual property. If assets are left behind accidentally, the company may later need restoring.

Learn more about Company Restoration
3

File Final Accounts & Tax Returns

Before dissolving a company, directors should usually:

  • File final annual accounts
  • Submit final Corporation Tax returns
  • Pay outstanding Corporation Tax
  • Close payroll schemes
  • Deregister for VAT if applicable

HMRC can object to a strike off application if taxes or filings remain outstanding.

4

Complete and Submit Form DS01

You can apply:

Online through Companies House Using a paper DS01 form

The form must be signed by a majority of directors.

5

Notify Interested Parties

Within 7 days of submitting the DS01 form, copies must normally be sent to:

Creditors
Employees
Shareholders
Directors
HMRC (if relevant)

Failure to notify interested parties can lead to objections or legal consequences.

6

Gazette Notice & Dissolution

Once Companies House accepts the application:

  • A notice is published in The Gazette
  • Interested parties can object
  • If no objections are received, the company is dissolved after the notice period

A second Gazette notice confirms the company has been struck off.

What Can Stop a Company Strike Off?

Objections From Creditors or HMRC

Strike off applications are commonly stopped because:

  • Taxes are unpaid
  • Accounts are outstanding
  • Creditors object
  • Legal action is ongoing

HMRC frequently objects if Corporation Tax matters remain unresolved.

Continuing To Trade

A company should not continue trading during the strike off process.

If the company resumes activity, the application may need to be withdrawn using form DS02.

Form DS02 is used to cancel a strike off application.

What Happens to a Company Bank Account After Dissolution?

Once a company is dissolved:

Bank accounts are usually frozen

Directors lose authority over company funds

Remaining balances may pass to the Crown

This is one of the biggest mistakes directors make when dissolving companies.

If funds become trapped after dissolution, restoration may be required to recover them.

Learn more: What Happens to a Bank Account When a Company is Dissolved?

Strike Off vs Liquidation

Strike Off

Suitable for:

  • Solvent companies
  • Dormant companies
  • Businesses with minimal liabilities

Liquidation

Usually required where:

  • Debts cannot be paid
  • Insolvency exists
  • Creditors are involved

Choosing the wrong closure route can create serious problems later.

Frequently Asked Questions

Need Help Dissolving a Company?

At Taxwise Accountancy, we help directors close limited companies properly and avoid costly mistakes.

DS01 strike off applications
Final accounts and tax returns
HMRC clearance matters
Closing payroll and VAT schemes
Company restoration if assets become trapped