If your company has too much debt and you are having significant difficulty trading (or may have even ceased trading), and there are no assets in the company, then you need to consider closing the company down.
Whilst simply ceasing trade or “striking off” the company at Companies House may help, this does not stop the potential for a creditor to commence legal action against the company down the track.
So, for complete peace of mind and to close things down in an orderly fashion, the best option will be a No Asset Liquidation.
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