Hi All From the reading I've been doing today this seems like a genuine and very helpful forum. Onto our situation. My partner and I run a retail company and have been for 8 years or so. For the last 2 years revenue has slowly decreased. We increased our work effort as much as possible as we could see revenue/profit decreasing. However, since May 2018 the decline in sales got really bad and has put the company in financial pressure. In August 2018 we let 3 members of staff go for fear of not being able to pay them going into Sept, Oct etc. That basically reduced it down to myself and my other half running the company. We've been working on reducing the company’s costs to bare minimum. However our largest supplier has just closed our (and many of our competitors) account for a ridiculous reason. This means our sales will now decline to a point where we can't see a way of keeping the business alive. Also our second child is due very soon. To cut a long story short we want to close the company but would like to know what the options and best way to go about this is. I've listed the position of the company to give you an idea: Bank overdrawn by £15k (we have an overdraft of £35K secured against my property). Owe HMRC £5K in VAT Owe HMRC £9K in Corp Tax (paid 1K and set up a payment plan for the remainder. £6.5K of the amount is for over drawn Director Loan Account). Over drawn DLA of £52K Owe suppliers and services approx £6K Outstanding customer orders for £20K Stock £8K Any advice that could be offered would be greatly appreciated.