I have an online shop which was set up with the CRO last April and started trading in December. It's not turning any profit and due to a change in circumstances, I can no longer give it the time it needs to develop. We have stock, valued at about €550 and we owe the bank €16,500 from the initial €25k start up loan. Other than that, the only overheads are small monthly fees from merchant services providers.
I'm not sure how best to proceed - should we be looking to sell it as a going concern, striking off or liquidating the company? Is it posible to put the company in a dormant state and get back to it when our circumstances change?
Any advice would be really appreciated.
I'm not sure how best to proceed - should we be looking to sell it as a going concern, striking off or liquidating the company? Is it posible to put the company in a dormant state and get back to it when our circumstances change?
Any advice would be really appreciated.