My client wishes to dissolve his limited company, as it is no longer trading (he was a contractor, but is now employed). The company has assets of less than £25k, and therefore I intend to advise him to submit DS01 to Companies House and distribute the remaining assets, which will be taxed as capital and will be covered by the annual Exempt Amount and the remainder subject to Entrepreneur's Relief.
He does not yet know his future plans once his current short-term employment contract comes to an end. Is there a time limit before which he cannot set up another company offering contracting services?
I had thought that there was a limit in place (and that this was covered by recent legislation in the past year or two), but have searched for this information for quite some time without success. Any advice would be much appreciated.