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I don't know how I should respond to this. As I explained the company is struggling and we will most likely close it asap, but this is obviously forcing this to happen sooner rather than later!
I don't understand the process and the full implications?
I think I understand that if the company is struck off we still have to do the accounts and submit everything to HMRC?
If the company is struck off how long will we have to submit old accounts and vat returns and pay?
Would we be able to open a new company?
Yes up until Friday when we had decided it is probably best to stop, so we could start afresh with new suppliers as the main problem we've had is with issues on bad suppliers which we do not have any debt with but have now stopped trading with and have now found some new ones which we can trade with for the new season. However, because of all the issues we would rather start afresh with the new suppliers with a new company.
Not really sure
We have not taken any wage from the company for a few months now and are managing to pay suppliers but due to problems encountered from bad products where we have paid and can not get our money back from the supplier we are having to give customers money back on goods not up to standard (maybe we are too nice here but feel this is the correct thing to do), so we are now at the point that we have run out of money and, although we could continue to sell we feel that we do not want to.