Winding Up Petition Essex in Essex

Contact Us

We never like to talk about financial difficulty and more often than not we find ourselves pushing it to the back of our minds, rather than accepting the situation and facing it head on.

However, more often than not, there is no sense in delaying the inevitable, but don’t worry, we currently offer a number of insolvency options and we may be able to provide help in the form of a Winding Up Petition.

Get In Touch

How Does a Winding Up Order Work?

So, exactly what is this order – and how does it work? Well, a winding up order or petition is a legally binding notice that is issued by a creditor with the intention of forcing a company into closure. A WUP is court ordered and usually follows a successful petition and immediately after the order has been issued, the Official Receive will ten commence the process of wind up the company.

Fear not, though, as a WUP is not always the only option and you may be able to prevent it – if you act quickly enough after receiving it. For example, if you pay off your debts to the creditor (including the costs of serving the petition) then you may be able to avoid the WUP.

You could also look into obtaining an administration order, or negotiating a Company Voluntary Arrangement with the company’s creditors. On the other hand, you may want to consider going into voluntary liquidation, or even request that the courts adjourn or cancel the hearing, provided you offer sufficient evidence.

In terms of timescales, a WUP generally takes around 4-6 weeks to reach court, but this depends entirely on how busy the courts are at the time – and it’s always worth remembering that Courts often close for periods over the summer and at Christmas.

It’s also worth noting that you can expect your company bank account or accounts to be frozen by the bank immediately after a winding up petition has been advertised in the Gazette. In some cases, it’s not unheard of to get this overturned, but only in extreme cases where clear supporting evidence is provided.

So what are the consequences? Well, if you’re a company director, your conduct will we investigated and if found guilty of misconduct, you could find yourself being disqualified as a director for anything from 2-15 years. You will also be in serious trouble if you’re found to be trading after knowing the company was insolvent and you may then be held personally liable for any debts that occurred after this time.

Winding Up Petition Process UK

The winding up petition process in the UK is actually relatively straight forward, so please don’t feel too overwhelmed by the whole situation – as we are always here to help.

Firstly, after the petition has been issued, you will have up to seven days to offer your response before the petition can be advertised formally. Do bear in mind that this 7-day window is the only chance you / the directors will have to possibly prevent compulsory liquidation by carrying out one of the options mentioned above.

Then, when the order has been issued, an Official Receiver will be appointed by the courts and the company will then be liquidated – with all assets being distributed between its creditors, in order of priority.

Contact Our Team

Issuing a Company WUP

If the shoe is on the other foot and you wish to issue a company with a WUP, we can help walk you through this process also. In order to do so, you must be owed at least £750 by said company and you must be able to prove that they are unable to pay you. If this is the case, you will then be required to fill out all the relevant paper work and then send them to the appropriate court in order to formally start the process.

To which court you send the paperwork will depend entirely on how much paid up share capital the company has – information on which can be found via the Companies House Register. For example, if the capital is greater than the sum of £120,000, the petition will need to go through the high court. Whereas if the capital sum is less than £120,000, this will need to go through the court nearest the company’s registered office.

After you have applied, you will receive a copy of the petition which you will then need to deliver (or serve) to the company director, or an employee. When you’ve done this, you will then need to provide a certificate of service to the court – this essentially just confirms that the petition has been served on the company. You will then need to send a copy to the relevant liquidator before a date for a court hearing is announced.

Winding Up Petition Costs

Please be aware, although you may be owed money, there are still costs involved with issuing a winding up petition. Currently, you can expect to pay court fees equating to £280 - as well as £1,600 petition deposit to manage the order. However, you may be able to get the fees back, if the court deems that the company in question is able to repay them.

There are also service proceedings costs that will need to be considered and the current fee for this can be anywhere between £75 and £100. Finally, there’s also the small matter of the Gazette Advertising costs, which currently sit at £79.40, plus VAT.

Find Out More

So, what’s next? If you’ve been on the receiving end of a winding up petition / order, it’s imperative that you seek professional advice as soon as possible because, as we mentioned previously, you only have a small window of time in which to act.

Alternatively, if you’re considering issuing a WUP, we can help with this too. So please don’t hesitate to get in contact I order to find out what the best option is for you or your company.

Find Out More

We cover Essex

Get in touch

We aim to get back to you in 1 working day.


Skip to

Gallery

Other locations available for winding up petition essex
Crockleford Hill Bigods Abbess Roding Doddinghurst Chapelend Waltham Abbey Mulberry Green Great Bardfield Harwich Berners Roding Clapdog Green Gaston Green Thorpe Cross Bocking Porters Town Copford Woodham Mortimer Duck End Hickford Hill Oak Corner Hellman's Cross Birch Potter Street The Green Burton's Green Coopersale Street Orsett Ingrave Monk Street Grass Green Clapgate Harlow Latchingdon Ardleigh Heath Paternoster Heath St Lawrence Little Easton Little Leighs Cobbs Fenn Great Oakley Garnetts Gernon Bushes Borley Green Northend Rivenhall End Southminster Passingford Bridge Fordham Heath Church End Breeds Sand Hill Beaumont Bulmer Long Green Theydon Bois Mount Bures Bell Common Belchamp St Paul Salmon's Corner Greenhill Horsleycross Street Wix Green Philpot End High Ongar Lower Green Woodhill Blake End Powers Hall End Tiptree Heath Whiteash Green Maple End New Thundersley Heybridge Basin Boreham Leigh Beck Jaywick Ingatestone Theydon Garnon Copthall Green Messing Pleshey South Green Bacon End Chappel North Stifford Wyatt's Green Steventon End Brickkiln Green Armigers Boxted Cross Farnham Green Sewardstone Rawreth Mott's Green Cannon's Green Mistley Stapleford Tawney Jack's Hatch Earls Colne West Horndon Cobbler's Green Berechurch Molehill Green Smith's Green Bovinger Beacon Hill Blackheath Stambourne Green Debden Pentlow Howe Street Heybridge Frinton-on-Sea Stagden Cross Peldon Easthorpe Clatterford End Langenhoe Suttons Cranes Hatfield Heath Silver End Netteswell Cross Layer-de-la-Haye Crays Hill Bardfield Saling Braiswick Tendring Wickham Bishops Oxley Green Brick End Wormingford Delvin End Curling Tye Green Hook End Tilbury Green Little Horkesley Maldon Brock Hill High Houses Noak Hill Norton End Lanham Green Abridge Ramsey Island Hadleigh North Benfleet Galleyend Barling Boyton End Tumbler's Green Ramsden Bellhouse Birchhall Corner Heybridge Langham Chipping Hill St Vincent's Hamlet Temple Fields Bardfield End Green Widford Horsley Cross Great Tey Ulting Parney Heath Woodham Walter Baker Street Miller's Green Lexden Alresford Green Street Purton End Mundon White Colne Tendring Green Great Canney Brookend Threshers Bush Lindsell Corringham Purfleet-on-Thames Willows Green Taverners Green Mill End Canvey Village Cressing Pentlow Street Noak Bridge Crockleford Heath Queen's Park Brook Street Lambourne Duck End Woodside Green East Gores Padham's Green Lower Pond Street The High Little Mascalls Sheering Bath Side Balstonia Bran End Great Oxney Green Tye Common Hastingwood Thurrock Park Stapleford Abbotts Little Hallingbury Southfields Theydon Mount Marden Ash Peartree Green Hill Green Level's Green Harlow Common Stansted Mountfitchet Chipping Ongar Netteswell Ford End Olmstead Green Dengie Bannister Green Cowey Green Herongate Gransmore Green Ardley End Great Hallingbury Great Claydons Steeple Colchester Chignall St James Watton's Green South Fambridge Paglesham Eastend Outer Part of Town Eastward Braintree Corner Stonebridge Brays Grove Elder Street Copford Green Havering's Grove Little Canfield Tye Green Beazley End Mount Bovers Horseman Side Prittlewell Little Sampford Jasper's Green Mayland Morris Green Landermere Great Dunmow Bustard Green Little Parndon Catmere End Great Waltham Fiddlers Hamlet Pipps Hill Farmbridge End Nine Ashes Meadowend Norton Heath Paslow Wood Common Mark Hall North Horne Row Pharisee Green Rowhedge Chrishall North Fambridge Edney Common Matching Tye Toppesfield Horkesley Heath Hutton Mount Kirby-le-Soken Bush End Gosfield Howe Green Manuden Beacon End Great Henny Broadley Common Doddinghurst Common Thorpe Bay Hare Street Ramsey Lower Green Thorpe Green Boyton Cross Gubbion's Green Fuller Street Runwell Stambourne Leigh-on-Sea Skye Green Little Chesterford West Tilbury Crawley End Rettendon New Mistley Epping Upland Althorne Brick House End Tindon End Swan Street Mucking Northend Far Thorpe Green Colne Engaine Bulmer Tye Cripplegate Hamperden End South Ockendon Fobbing Mill End Green Dry Street Southend-on-Sea Steward's Green Sandon Oaker Hill Stewards Farther Howegreen Colliers Hatch St Osyth Loyter's Green Fingringhoe Clifftown Bromley Cross Stock Hawkin's Hill North End Magdalen Laver Tolleshunt Knights Handley Green Elsenham Finkle Green Cock Green Don Johns Chadwell St Mary Beggar Hill Cupid's Corner Barrow Hill Almshouse Green Shellow Bowells Bulphan Sible Hedingham Little Yeldham Audley End Molehill Green Ballards Gore Broxted Nazeing Gate Southfields Thorpe-le-Soken Mile End Park Green Little Maplestead Thundersley Green Street Stocks Green West Thurrock Hobbs Cross Stockstreet Stanford Rivers Barnston Westley Heights Brightlingsea Lee-over-Sands Sunken Marsh Tip's Cross Pond Street Orsett Heath Chickney Great Bromley Navestock Heath Nazeing Gilwell Park Birch Green New England School Green Stebbing Coggeshall Littley Green South Stifford Great Stambridge Blackmore End Wickham St Paul Farnham Vange Thaxted Kingsmoor Margaretting South Hanningfield Manwood Green Boxted Twinstead Little Baddow Wiggens Green Courtsend Linford Little Henny Wethersfield Bridge Green Gamble's Green Holyfield Crow Green Matching Maylandsea Ostend Panfield Blackmore Aimes Green Winter Gardens Lippitts Hill Cambridge Town Chatter End Walton-on-the-Naze Eight Ash Green Butt's Green Perry Green Fyfield Cock Clarks Blasford Hill Wrabness Billericay Chelmer Village Pale Green Finchingfield Baythorne End Hempstead Sumners Pebmarsh Young's End Danbury Clatterford End Sibley's Green Little Thurrock Old Heath Little Tey Puttock's End Rotchfords Robinhood End Tye Green Buttsbury Hullbridge Passmores Abbey Field Great Yeldham East Mersea West Bergholt Halls Green Downham Sabine's Green Church End Lower Green Saffron Walden Upshire Stow Maries North End Seven Star Green Belchamp Walter Pig Street Great Berry Pitsea Tendring Heath Little Waltham Lamb Corner Borley Howe Green Danbury Common Widdington Dedham Further Ford End East Hanningfield Burnt Heath Tye Green Wesley End Shotgate Stocking Green Marks Tey Little End Foster Street Monkey Street Outer Part of Town Westward Toot Hill Church Langley Hope End Green High Beech Willingale Hare Green Steeple Bumpstead Stondon Massey Twinstead Green Pedlars End Old Harlow Chalvedon Wimbish Lower Nazeing Margaretting Tye North Weald Bassett Baddow Park Keysers Estate Cold Norton Ugley Stroud Green West Mersea Cross End Watch House Green Sewards End Felmore Ashingdon Pledgdon Green Goldhanger Mowden Ashen Little Laver Rush Green Waltham's Cross Great Chesterford Norwood End Chigwell Navestock Side Reader's Corner Bentfield Green Eastend Great Bentley Eversley Crow's Green Tye Green Roundbush Coopersale Common Little London Hazel End Lower Sheering Weeley Childerditch Littlebury Green Horndon on the Hill Roast Green Hutton Shoeburyness Parkeston Church End Great Baddow Wakes Colne Green Greensted Green Goose Green Sunnymede Mistley Heath Waterhales Grays Rose Green Rudley Green Wakes Colne Piercing Hill Bridge End Chatham Green Littlebury South Woodham Ferrers Folly Green Knowl Green Surrex Temple End Lane End Epping Black Horse Corner Warley White Roding Castle Hedingham Bocking Churchstreet Duckend Green Upper Dovercourt Fryerns Faulkbourne Newport Cooksmill Green Breach Barns Howlett End Burnham-on-Crouch Little Braxted Manningtree Paglesham Churchend Rotten End Tyler's Green Lambourne End Aingers Green Strethall Hawkspur Green Radley Green Tye Green Churchend Leaden Roding Countess Cross King Street Mount End Takeley Street Sucksted Green Stickling Green Great Burstead Tillingham Dutch Village Tye Green Chitts Hills Fryerning Nazeing Long Green Bonhunt Water Barstable Shalford Rushley Green Ashdon Ivy Chimneys Brentwood High Garrett Dobb's Weir Pepper's Green Latton Bush Malting Green Great Leighs Great Easton Bradwell Wick Hobbs Cross Rawreth Shot Little Henham High Easter Battlesbridge Broad Green Pinnacles Rochford Uppend Aldham Smith's Green Tilty Upper Pond Street White Notley Belchamp Otten Foxearth Burnt Mills Wendens Ambo Middleton Causeway End Maggots End Four Wantz Claverhambury Daws Heath Hazeleigh The Birches Cooper's End Burton End Chapel End Quendon High Park Corner Southey Green Woodgates End Witham Fairstead Fanner's Green Roydon Henny Street Stanbrook Tilegate Green Birdbrook Dedham Heath Black Notley South Heath Debden Green Nether Street Gallows Green Lower Bobbingworth Green Church End Loughton Katherines Duddenhoe End Langham Moor Ovington Bocking's Elm Dewes Green Samuel's Corner Blackcat Asheldham Tinkers Green Bradwell Waterside Building End Lucking Street Pigstye Green Flack's Green Curtismill Green Needham Green Laindon Bentley Great Totham Writtle Great Notley Heckfordbridge Kirkby-le-Soken Beauchamp Roding Gainsford End Good Easter Little Bromley Row Green Cornish Hall End Clacton-on-Sea Tolleshunt Major Hardy's Green Mountnessing Lamarsh Galley's Corner Canvey Island Matching Green Great Warley Newtown Takeley Burrsville Park Little Bentley East Horndon Foxash Estate Great Saling Langford Osea Island Old Mead Steeple View Hemp's Green Moulsham Rayleigh West Hanningfield Shenfield Great Wigborough Janke's Green Stondon Green Rowney Corner Creeksea Moreton Woodhatch Rook End Great Malgraves Bishop's Green Mount Pleasant Hatfield Peverel Lee Chapel North Great Holland Little Burstead Woodend Green Stones Green Frating Green Elmstead Heath Ridgewell Sturmer Rayne Kingswood Ugley Green Halstead Butts Green Little London Lawford The Ryes Smythe's Green Tilekiln Green Roost End Buckhurst Hill Fordham Workhouse Hill Little Clacton Latchmore Bank Pannel's Ash Shrub End Greenstead Green Great Braxted Stafford's Corner Ramsden Heath Terling Baconend Green Parson's Heath Great Horkesley Craig's End Roxwell Greensted Wickford Bumble's Green Cole End Greenwoods Tilkey Clavering Chafford Hundred Mashbury Great Maplestead Hornells Corner Long Green Little Wigborough Montsale Bunting's Green Ford End Langham Wick Killem's Green Holder's Green Cripple Corner Navestock Common Tylerscross Wix Abberton Hyde Chase Thornwood Common Gore Pit Clatterford End Brewer's End Aveley Frogs' Green Great Canfield Broad Street Green Totham Plains Mill End Tarpots Basildon Chalkwell Bicknacre Dovercourt Windmill Hill Tye Green Gay Bowers Water End Margaret Roding Chigwell Row Mallows Green Westcliff-on-Sea High Street Green Tilbury Juxta Clare Helions Bumpstead Little Walden Deer's Green Coalhill Broad Green Chalk End Oxen End Ringtail Green Frenches Green Carter's Green Berden Gestingthorpe Hallsford Bridge Coryton Little Warley Campions Feering Little Common Little Totham Tiptree Coopersale Alphamstone South Benfleet Long Gardens Tollesbury Housham Tye Liston Milch Hill Thorrington Roundbush Green Chelmsford Wimbish Green Bournes Green Mark Hall South Stanford-le-Hope Great Wakering Bobbingworth Norton Mandeville Starling's Green Newman's End East Tilbury Great Parndon Little Wakering Row Heath The Hythe Layer Breton Chignall Smealy Pattiswick Upper Green Hawkwell Stebbing Green Hadstock Mill End Coggeshall Hamlet Abbess End Bradfield Welshwood Park Springfield Goose Green Debden Green Biggin Coxtie Green Rank's Green Salcott-cum-Virley Wicken Bonhunt St Osyth Heath Cutlers Green Kelvedon Hatch Churchgate Street Nazeing Mead Mill Green Nounsley Hallingbury Street Roydon Hamlet Ost End Aythorpe Roding Newney Green Lee Chapel Bradwell on Sea Kirby Cross Langley Weeley Heath Birchanger Great Sampford High Laver Stoneyhills Elmdon Elmstead Market Rivenhall Forrey Green Brookend Upper Green Lee Chapel South Elsenham Sta Little Dunmow Bartholomew Green Cobler's Green Bradfield Heath Wellstye Green High Beach Seawick Friars Mead Gooseberry Green Brandy Hole Loves Green Pilgrims' Hatch Canewdon Harrowcross Totham Hill Little Oakley Elkins Green Glen Faba Clay Hills Point Clear Broad's Green Frating Broad Green Bradwell Mill Green Swallows Cross Rickling Green South Weald Gallows Green Onslow Green Wivenhoe Bentfield Bury Hope's Green Bowers Gifford Nuper's Hatch Inworth Great Clacton Radwinter High Roding Purleigh Holland-on-Sea Hatfield Broad Oak Felsted Nevendon Duton Hill Raven's Green Arkesden Langdon Hills Tilbury Hartford End Stisted Little Cambridge Bamber's Green Audley End Fox Hatch Downhall Beach Estate Southchurch Fox Street Boose's Green Hare Street Stanway Tolleshunt D'Arcy Hockley Ghyllgrove Eastwood Kelvedon Rickling Richmond's Green Sewardstonebury Low Street Little Bardfield Gaunt's End Runsell Green Minnow End North Shoebury Brookstreet Henham Purfleet Broomfield The Common Cherry Green Liston Gardens Woodend Shelley Woodham Ferrers Epping Green Howe Street Keelars Tye Layer Marney Puttock End Ardleigh Fuller's End Keeres Green Greenstead Dyer's End Harknett's Gate Start Hill Man's Cross Shalford Green Newlands Radwinter End Howegreen Daw's Cross Galleywood Little Oxney Green Hawbush Green Braintree Hornestreet Grange Hill Bedlar's Green Fordstreet