I've been quoted 3k to strike off a property development company which has no debts and only asset is cash at bank. This seems excessive for a bit of admin, is this market rate? Any better value recommendations out there?
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New car
I was looking for a new car over the weekend. I found one on offer at £27,950, Does anyone know where I'd get a better deal?
In other words, you don't say who has quoted, what type of striking off and how much cash is involved.
Why not do it yourself
https://www.gov.uk/strike-off-your-company-from-companies-register/close...
Probably because of income treatment
https://www.gov.uk/strike-off-your-company-from-companies-register/close...
"If the amount is worth more than £25,000, it will be treated as income and you’ll have to pay Income Tax on it."
from your link above you supplied.
Liquidation costs
I think that is a fair price. I have been involved with 4 liquidations in the last two years and the charge was around £5k. Having said that they all had HMRC LIABILITIES. Not as as straightforward as you
MVL Online
Have a look at MVL Online who will give you a fixed price of between £995 plus VAT and disbursements. Run by a contributor on here, and I have no connection with it
The title of the thread is "strike off", but I'm guessing unless you're with PWC what you've actually been quoted for is a liquidation? Liquidations are considerably more expensive than a strike off, but as DJKL says, if you've got >£25k net assets and want it taxed on you via capital gains rather than as dividends, you'll need a liquidation. Hence the creation of MVL Online, trying to help do the simplest liquidations for a more affordable fee (I'm director and 50% owner of this company...other companies offering similar services exist).
Please note you would need to ensure the balance sheet is literally just cash at bank...so no properties left on the balance sheet, all debts due in collected, and all debts owed (including final tax bills) declared and paid.