To do a voluntary strike off the company needs to have no assets and liabilities, and all tax returns submitted up to date. To have no liabilities it appears as if the company will need to write off shareholders loans. If the shareholders loans are written off you need advice as to whether the write off will generate a corporation tax liability.
Another alternative is to do a Creditors Voluntary Liquidation. Such a process would cost approx. €2,500 + VAT. However, some directors might not like the possible reputational impact of a CVL. If that is the case, the shareholders could convert their loans into share capital, and then do a Members voluntary Liquidation, which has no reputational risk.
The final alternative would be to let CRO strike off the company involuntarily. This option can be risky as CRO has now stepped up its persecution activity against directors who fail to file annual returns on time.
Jim Stafford