Whats the difference between striking off a company and liquidation?

Closing a business isn’t as easy as ceasing to exist though, and there are two different routes available. One is striking a company off, and the second is liquidation.
Understanding the differences between the two can make the process a lot easier to manage and also stop you getting in trouble, especially if you have taken a Bounce Back Loan. So, in this video, we’ll walk you through the main points.

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[businesswell]

Great explanation of the difference.

I often think directors get confused with terminology like this. VERY important they don't!

Thanks for sharing.

[ParrotPuppetMaster]

Hi Chris, Came across your videos today. I'm in the hospitality industry and my restaurant is on the brink of failure. i haven't filed my accounts yet as I know I would have a massive VAT debt which the company losses have absorbed. And today Companies House struck off my company and froze my business bank account. Should I just leave it now and walk away or will I get into further trouble for not tidying up the mess with our business accounts and submitting a return and going insolvent. Note I have no other debts to any creditors apart from HMRC