The UK company specifies when you dissolving your company who you must inform and failing to do so is an offence. Section 1006 of the Companies Act 2006 states the procedure you must follow when dissolving your company.
7 days to notify when dissolving your company becomes apparent
Firstly, you must inform the people who would be affected by your company’s intention to be dissolved. You must do this within 7 days of submitting the dissolution form DS01 to Companies House.
Who to inform
- all shareholders of your company.
- all staff of your company.
- all suppliers and creditors of your company.
- all directors of your company. You do not give a copy of the dissolution form to the director who is approving the dissolution form.
- all managers and trustees of any pension fund established for the benefit of employees of your company.
- A person of a description specified for the purpose of this section by regulations made by the Secretary of State.
When you do not need to inform people
You do not need to be concerned about who to inform if you are to withdraw dissolving your company application. This only applies if your withdrawal is before the end of the 7 days period.
It is a criminal offence under Section 1006 of the Companies Act 2006 if you failed to inform. The company law does not allow a company to use dissolution to conceal or avoid paying debts.