Lease problem and/or limited company strike off

[Suki]

Hi

Not quite sure where to start, but here goes...
Limited company been trading since 2013. I've been leasing a building in the company name for the last 3 years but have given my notice as the landlords are being a bit unreasonable for varying reasons. I am going to get some bills for terminating contract with npower early and think that the landlord will try and keep my deposit and insist on an unreasonable amount of work being done before I leave.
if I was to walk away from the building - what are the repurcussions? I don't need to trade as a limited company going forward as I have already rebranded and am trading under a different name. The limited company with the lease, has a few small debts to HMRC (Vat and PAYE) a small overdraft with the bank / credit company and thats about it. Accounts are uptodate and filings with companies house are all up to date.
What do I need to check/be aware of if I was to do this?
Thanks in advance for any help and advice!

 

[cameron a]

Are you going to dissolve the ltd company and then trade as a sole trader

 

[Scalloway]

I would check that you haven't personally guaranteed the lease or the overdraft.

 

[Suki]

thanks for the answers..

yes I was going to dissolve it but not sure of the repurcussions.

I will check the lease docs for a personal guarantee too.

 

[Scalloway]

You would also need to make sure you owed HMRC nothing. If they are a creditor they have powers to object to dissolution.

 

[Lisa Thomas]

As Scalloway said HMRC will object to strike off if final returns haven't been filed and could decide to Liquidate the Company.

I presume there are no assets in the Company, including any overdrawn Director Loan/s?