Long story short, picking up over the financial affairs of a late relative (qualified accountant), they have a non-trading limited company (was once active) and the only value left in it is the issued (and paid up) share capital. I cannot see any point in keeping it open but am going over in my head for any possible reasons as to why I shouldn't close it down. Unfortunately my relative passed away unexpectedly catching all of us out, so no opportunity to probe possible historical uses.
There is another (trading) company with a similar name that I will be dealing with until we wind it down. The only possible reason I can fathom is that there is a pension scheme that is (or was at some point) possibly connected to both companies, but I don't believe this will be impacted if both companies are shut down.
I must add, both companies were small closed companies with only the Director/Shareholders as employees. The other shareholder is happy for the company to be closed.
Many thanks in advance.