Setting up, structuring & change
Closures, insolvency & winding up
Not every ending is a failure. Sometimes an organisation has done its work, or the sensible thing is to close well and pass the baton on. We help you wind up calmly and correctly, so the people who ran it are properly protected.
Who this is for
Charities, companies, CICs and societies that are closing, whether by choice, because a project has ended, or because the finances no longer add up.
Trustees and directors worried about doing the right thing, and about their own position, will find a steady hand here.
At a glance
- Solvent wind-down or formal insolvency: the right route
- Remaining assets passed on in line with your governing document
- Final filings with the Charity Commission, Companies House or the FCA
- Insolvency work through a trusted associate
How we help
We start by establishing whether the organisation is solvent, because that decides the route: an orderly wind-down if it can meet its obligations, or a formal insolvency process if it cannot.
We deal with passing on remaining assets in line with your governing document, the final filings, and ending contracts, leases and employment properly. If the organisation is or may be insolvent, we bring in a trusted associate insolvency practitioner and work alongside them, so the legal and insolvency sides join up.
Talk to us
Not sure where to start? Book an online appointment and we will point you to the right help.
Email hello@proartsplus.co.uk or call 0330 127 1414 during office hours.
How it works
- Solvency
We establish where the organisation stands. - The route
We set out the steps and the order they must happen in. - Your duties
We explain what is required of you as a trustee or director along the way. - Closure
We handle the paperwork and coordinate with any insolvency practitioner.
You deal with one team throughout, not two advisers who have never spoken.
Why ProArtsPlus
Closing an organisation you have cared about is hard, and it often comes with worry about personal liability. We treat it with the seriousness and kindness it calls for, we are clear about your duties so you can meet them, and we make sure nobody trips over an avoidable mistake at the end.
Frequently asked questions
How do we close a charity properly?
It depends on whether the charity is solvent and what its governing document says. Usually it means settling liabilities, using the remaining funds as the dissolution clause requires, and telling the Charity Commission so the charity can be removed from the register.
What happens to a charity’s assets when it closes?
They must be used as the governing document’s dissolution clause sets out, often by passing them to a charity with similar purposes. Restricted funds keep their restrictions. A CIC’s remaining assets stay subject to its asset lock.
What are our duties if the organisation is running out of money?
Once a company or charitable incorporated organisation is insolvent, or close to it, those running it must take account of creditors’ interests, and the closer insolvency comes, the more those interests must come first. Carrying on when there is no reasonable prospect of avoiding insolvent liquidation can also make directors and CIO trustees personally liable. Getting help early protects you.
Do you handle the insolvency yourselves?
Formal insolvency work is carried out by an associate insolvency practitioner we work with, while we handle the legal and governance side. You get joined-up advice without assembling a team yourself.
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Not sure where to start?
Tell us what you are dealing with and we will point you to the right help.