Board Resolution Hold a board meeting and pass a resolution to close the company. Ensure that all directors are present or provide their written consent. Inform HM Revenue and Customs (HMRC) Notify HMRC that the company is closing by submitting the necessary forms. This includes filing the final
Liquidation of a Community Interest Company
When a Community Interest Company (CIC) faces a situation where it lacks sufficient assets to pay its creditors in full, the option of voluntarily placing the CIC into Creditors' Voluntary Liquidation (CVL) may be considered. This process, also known as voluntary winding up or voluntary liquidation,