As shown on the DS01 form, there are certain requirements that a company must adhere to before it is eligible for dissolution. These requirements to dissolve a company are as follows:
- The company must not have traded, carried on business or changed its name in the past three months previous to filing the DS01 form.
- The company must not have disposed of for value any property or rights that it would have disposed of for value in the normal course of trading or carrying on business. Value coming into the business in this way is deemed as trading and so, this will invalidate the above point.
- The company must not have engaged in any other activity except for the purpose of making the strike off application, settling its affairs or meeting a statutory requirement.
- The company must have filed accounts with the Inland Revenue.
When the above points can be met, the DS01 form is filed with Companies House along with payment of GBP10.00 and they will duly begin processing the strike off application. After the form is filed with Companies House it will usually take approximately 2-3 months before the strike off is complete.