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Get Solvency Statement
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How to fill out the Solvency Statement online
Completing the Solvency Statement is an essential step in the process of reducing capital and re-registering a private company as a public limited company. This guide offers clear, step-by-step instructions to help users fill out this important document accurately and efficiently.
Follow the steps to successfully complete your Solvency Statement.
- Click 'Get Form' button to obtain the form and open it in an online editor.
- Enter the company number in the designated field at the top of the form. This unique identifier is crucial for identifying your company in the records.
- Fill in the company's name precisely as it is registered. Ensure there are no typographical errors, as accuracy is vital for legal documentation.
- In the section labeled 'I (or We)', insert the full name(s) of all director(s) involved with the company, followed by their respective addresses. This step ensures that all individuals responsible for signing are properly recorded.
- Review the declaration statement carefully. You must affirm that a thorough inquiry into the company's financial status has been completed, and you must state your opinion regarding the company’s ability to pay debts.
- Choose between option (a) or (b) carefully by deleting the alternative that does not apply to your situation. Ensure that your choice reflects your true opinion regarding the company's financial situation.
- Date the statement in the provided space, writing the day, month, and year accurately to indicate when this declaration is made.
- Finally, all directors must sign the document in the designated signature fields. Ensure that each signature is legible and matches the full name printed below it. If there is a corporate director, include their details as well.
- Once all fields are completed, review the entire document for accuracy and completeness. After verifying that all information is correct, you can save changes, download, print, or share the form as needed.
Start filling out your Solvency Statement online today to facilitate your company's re-registration process.
The declaration of solvency can, in layman's terms, be defined as an official written declaration listing a company's assets and liabilities. This document is made by the majority of the shareholders and must be presented to the Registrar of Companies in the case where the company's dissolution is imminent.
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