A contractor company wants to close down.
For the past three months the only work done has been under an IR35 contract although company running costs (insurance, website etc) have been ongoing so there is a negative balance sheet (less than £1k).
The client wants to keep things tidy and clear all creditors in full except for the amount owed to them for their directors loan account.
Can the simple 'Strike Off' procedure be used with a negative balance sheet?
I had thought that this procedure could only be used for solvent companies.