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Spot On offers the following business services to our clients:

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Businessman holding briefcase, close up
Businessman holding briefcase, close up


Spot On offers the cost beneficial services to new startup businesses. We offer the following services:

  • Registration & de-registration of companies (limited/unlimited/ guarantee/offshore etc) and partnerships

  • Business trademark registration in UK and Europe

  • Company Secretarial

  • Company Acquisitions

  • Dormant Company Services

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  • Immigration Applications          - Indefinite Leave to Remain (ILR) 

       - New points-based system

       - Entrepreneur

       - Investor

  • Visa Applications 

  • Home Office Enquiries

  • Earnings Certification

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  • Bank Relationships

  • Commercial Loans Support 

  • Company Pensions

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You can apply for bankruptcy if you can’t pay back your debts. As well as applying for bankruptcy yourself, someone else you owe money to e.g. creditor, can apply to make you bankrupt, even if you don’t want them to. For a creditor to make you bankrupt, you must owe at least £5,000.

  • You can make a fresh start, after a year of bankruptcy order

  • Creditors will not be able to take legal action following a bankruptcy order

  • The money you owe can usually be written off

  • You can keep certain things, like household goods and a reasonable amount to live on


  • You need to pay fee for bankruptcy application

  • Your credit rating will be affected for six years making it difficult for you to take credit.

  • If you own home, car and luxury items, it might have to be sold

  • If you are able to get your pension savings, these might be taken

  • If you own a business it might be closed down and the assets sold off

  • Going bankrupt can affect your immigration status

  • If your income is high enough, you’ll make payments to creditors for 3 years

Spot On offers various services related to bankruptcy:

  • Preparation and submission of bankruptcy application

  • BRO hearing support

  • Dealing with official receivers on your behalf

Liquidation is a method to close the UK limited company. At the start of the process, the company is prevented from trading. The assets of a company are turned into cash and paid first to creditors and then to the company owners. The company becomes insolvent if cash is not enough to pay the creditors. If creditors are paid in full thenthe company remains solvent.

Spot On offers end to end assistance to clients in the liquidation procedure

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Spot On Chartered Accountants

Office 1.42, 1st Floor, Building 2,

Croxley Business Park, Watford, WD18 8YA, UK
Tel: +44 2036337808

Cell: +44 7407188067



Registered Office: Kemp House, 152 - 160 City Road, London EC1V 2NX

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© Copyright Spot On Chartered Accountants 2020 

All rights reserved. This information has been produced for general interest. It is therefore pertinent to take advice on specific issues. We are unable to take responsibility for any outcome resulting from acting upon, or refraining to act upon, this information. 



The information contained in this website is for general information purposes only. The information is provided by Spot On Chartered Accountants and while we endeavour to keep the information up to date and correct, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the website or the information, products, services, or related graphics contained on the website for any purpose. Any reliance you place on such information is therefore strictly at your own risk.

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