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A quick perusal of companies house in relation to a business I know shows that the sole owner has applied to have it voluntarily “struck off”.
The company is still trading and is not up for sale. Companies house also shows that a number of legal entities relating to whats effectively the same trading name, premises etc. have all been wound up the same way.
What might be going on here? The fixed assets shown on the accounts don’t seem to match realistic values for fixtures, fittings and stock etc.
What are the legit reasons for an owner to apply for a business that’s still trading to be struck off? The turnover is in the £1m to £5m range if that makes a difference.
Owner retiring?
Entrepreneurial relief.
A director cannot strike a company off it has traded within the last 3 months.
Are accounts overdue? Co Hse will strike a company if accounts are very late.
Asset fair value will often not agree to the accounts.
How do you know it's trading with the turnover you state??