Strike off is a low-cost route to close a UK company when fully solvent. Confirm eligibility, manage risks, notify stakeholders, settle liabilities, handle assets carefully, file DS01, and monitor Gazette notices.

Licensed insolvency practitioner Molly Monks supports directors with clear, professional guidance, dispelling myths, ensuring legal compliance, and delivering practical solutions to restructure, stabilise, or manage company closure with integrity.

Early warning signs of financial distress require swift action. Parker Walsh offers expert, affordable insolvency advice, free initial consultations, and tailored strategies to help stabilise or close struggling businesses responsibly.

Company directors must follow statutory and non-statutory duties, including record-keeping, transparency, and acting in good faith. These obligations protect shareholders, creditors, and the company, ensuring responsible management and accountability under UK law.

Company directors risk disqualification for unfit conduct, such as failing legal duties or mismanaging finances. Understanding obligations, seeking legal advice, and acting responsibly help protect both personal standing and company interests.

Explaining the benefits of a CVA and how it can allow a business to restructure its debts.

Addressing the emotional toll of financial distress and how directors can seek support.

An overdrawn director’s loan account occurs when directors owe money to the company. Learn what it means, how it’s recovered, and what to do if you can’t pay.