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What is the cheapest way to close the company? And can anyone help me with it?

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MC Max

CEO

40 Points Posted on 09 February 2020

Hi,

I registered a pvt Ltd in 2015 but due to various reasons we never conducted any business. In Feb 2018 i purchased some hardware for some work but that too never came to fruitation.

Now i have this hardware as asset but want to close the business. How can I go about it?

I have already put in more money into it (which Company owes me) and right now i just want to shut it down. I see quotes online stating 18-20k for closure.

Any help will be appreciated. Thanks

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Quick Summary

This discussion is about finding the most cost-effective way to close a private limited company that has never conducted business. The original poster registered their company in 2015, acquired some assets in 2018 that were never used, and now wishes to shut it down. They are seeking advice on the process and are looking for affordable closure options, noting online quotes of £18-£20k.