August 16th, 2022.



I bought and took over a small business a few years ago, a limited company. Sales now are far less and so a lot less admin is needed. Is it possible to change from a limited company to a sole trader?

It is certainly possible to switch from running your business as a limited company to running it as a sole trader; however, doing so is not necessarily straightforward. Closing down a company is also often referred to as “winding up” but how you go about doing this will be dependent on your business’s financial position.

Before proceeding with “striking off” your company (or, in other words, asking Companies House to remove your company from its register), you will need to tie up all loose ends first.

There are several administrative tasks you should ensure are completed first:


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