What does it mean when a company has become "dissolved"?

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An old work buddy of mine just let slip that my old company has dissolved. Just curious, what does that actually mean in legal terms?

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A dissolved company is a limited company that was once registered at Companies House but has since been closed down and struck off the public register - these companies no longer trade or exist.

Solvent companies can be dissolved by applying to Companies House to have them struck off the register, or by initiating a members’ voluntary liquidation. Insolvent (bankrupt) companies must be dissolved by creditors’ voluntary liquidation or compulsory liquidation.

a year ago
 

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