Winding Up Petition Stanley Downton in Stanley Downton

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 Stanley Downton (Gloucestershire)

Get in touch

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


Skip to

Gallery

Other locations available for winding up petition stanley downton
Frocester Cam Whiteshill Wormington Tumpy Green Arlington Priding Berkeley Wortley Cold Elm Kendleshire Frampton End Littleton-upon-Severn Hillersland Charfield Green Barrow Wake Painswick Eastington Rockness Down Hatherley Upleadon Cainscross Norton Mount Pleasant Kenton Green Lower Lydbrook Moor End Seven Springs Lower Rea Northwick Duntisbourne Rouse North Nibley Oakle Street Barton End Catbrain Warmley Tower Bencombe Charlton Abbots Brand Green Overton Park Througham Hardwicke Tredington North Corner Little Herbert's Arlebrook Meysey Hampton Evenlode Bourton-on-the-Hill Great Witcombe Silver Street Down Ampney Barnsley Parkend Crackstone Kemble Wick Coldharbour Stowe Bussage Lower Wick Broadoak Matson Southam Olveston Holywell Oxlynch Littledean Hill Nupend Coaley Cerney Wick Netherend Thornbury Ashmead Green Crawley Forthay Nimlet Tirley Kineton Overton Houndscroft Ball's Green The Rangers Kent's Green Fairford Egypt Townsend Crossways Oakley Sharpness Alveston Lower Dowdeswell Longborough Hester's Way Chavenage Green Ram Hill Lower Redbrook Five Acres Nastend Cashes Green Stone Moreton Valence Cooper's Hill Quedgeley Wibdon Upper Lydbrook Staple Hill Green Bottom Batsford Ruspidge Coombe Hook Street Itlay Elkstone Lower Chedworth Shadwell Tibberton Notgrove Ewen Bullo Shurdington Bledisloe Horton Milton End Chedworth Laines Great Rissington Highfields Wickwar Marsh Common Woodchester Kingshill The Folly Middle Wick Ganders Green Prestbury Lower Morton Ampney Crucis Westonbirt Sudgrove Calmsden Charfield Harry Stoke Cress Green Bilson Green Coltham Fields Hill End Hinchwick Boddington Clifford's Mesne Gaunt's Earthcott Blakeney Nympsfield Slimbridge Clearwell Talbot's End Warmley Poulton Lynworth Wotton-under-Edge Tunley Bradley Stoke Whitminster Fiddler's Green Redmarley D'Abitot Carterspiece Harescombe Chesterton Brookthorpe Hanham Green Kingsholm Ashchurch Hewelsfield Compton Green Gloucester Beverston Eastington Broom's Green Marston Hill Britain Bottom Shakesfield Upper Soudley The Scarr Rodborough Postlip Staunton Box Stanley Tickmorend The Purlieu Dudbridge Newport Milkwall Hayden Deerhurst Mitcheldean Little Barrington High Orchard Coln Rogers Westend Kilcot Glasshouse Upper Swell Park End Paxford The Reddings Bagpath Selsley Chipping Campden Brimpsfield New Passage Clements End Bournes Green Ready Token Shipton Great Barrington Hidcote Bartrim Hidcote Boyce Barrow Engine Common Stratfordbridge Upper Ley Woolaston Common Coleford Paganhill Woodmancote Dyer's Common Pamington Lower Soundwell Westington Tidenham Eastleach Turville Cannop Morton Soundwell Longridge End Shepperdine Littleworth Okle Green Deerhurst Walton Churchend Scowles Beach Pilley Harrow Hill Golden Valley Upton Cheyney Town Street Halmore Wotton Kempley Green Badgeworth Hillesley Burnt Ash Bath Street Sandy Lane Yorkley Piff's Elm Chaxhill Willersey Old Bishton Newmarket Three Ashes Alderton Fields Windrush Church Westcote Hasfield Rodmarton Cockleford Longwell Green Pucklechurch Ashley Woolridge Henfield Doughton Hambrook Charlton Park Coln St Aldwyns Trow Green Nibley Lintridge New Mills Brownshill Quenington Plusterwine Standish Abwell Berwick Cutsdean Newton Farfield Perrott's Brook Cowhorn Hill Bournstream Barton Charlton Kings Aldsworth Tetbury Hinton Hawkesbury Synwell Colt's Green Kempley Four Oaks Boxwell Ketford Oridge Street Avening Hethelpit Cross Longridge Hillend Green Leddington Horsley Woolaston Woodside Cleevemount Oldend Filton East End Purton Starveall Bubblewell Oakridge Lynch Woodford Siddington Beachley Didmarton Knave-in-hole Christchurch Kings Hill Charingworth Brimscombe Cockshoot Daglingworth Ruscombe Oldland Buckover The Leigh Avening Green Old Passage Falfield Howley Cranham Winson Hallen Bisley Snig's End Malswick Upper Coberley Woodmancote The Moat Heathfield Whelford Bromley Heath The Flat Coalpit Heath Lightpill Wick Green Street Cockadilly Kemble Tewkesbury Watermead Nibley Green Dunkirk Bagendon Almondsbury Picklenash Norman Hill Greenway Millbottom Draycott Lassington Kingsditch Potterswood Hucclecote Brockhampton Chipmans Platt Wickridge Street Cross Hill Tockington Edgeworth Siston Moor End Northwood Green Staverton Tredworth Newland Stoke Gifford Nailbridge Lower Slaughter Newington Bagpath Weston-sub-Edge Whitfield Westrip Frampton on Severn Hardwicke Kempsford Corse Foxcote Four Mile Elm Hampen Gretton Parkend Longford Upper Hill Rudford Salperton Lower Cam Redinhorne Littleworth Oldbury on the Hill Brown's End Puckrup Lower Apperley Bread Street Far Oakridge Severn Beach The Tynings Forwood Birdwood Shuthonger Upper Slaughter Bagstone Ellwood Newtown Upper Framilode Plump Hill Park Hill Anthony's Cross St Paul's Bromesberrow Heath Lower Ley St Mark's Hampton Green Clapton-on-the-Hill Mount Pleasant Bream's Meend Rowanfield Elcombe Little London Farleys End Henley Great Washbourne Preston Cross Frenchay Newtown The Pound Hilcot End Dursley Cross Watley's End Netherhope The Park Bentham Woolaston Slade Crossways Toddington Uplands Stanway Pool Meadow Bourton-on-the-Water Quarhouse Caudle Green Hunt's Grave Amberley Blackhorse Whaddon Summerhayes Mitton The Eaves Aston Subedge Cranham Corner Pitchcombe Pillows Green Aylburton High Brotheridge Forest Green Stumps Cross Longlevens Bevington Duckhole Pitt Court Highfield Battlescombe Duntisbourne Leer Laverton Pillowell Fairview Taddington King's Green Nether Westcote Double View Tivoli Joyford Ruddle Little Sodbury End Syde Tilsdown Walton Cardiff Rooksmoor Hyde Cribbs Causeway Frampton Cotterell Minsterworth Sandpits Downend Mobley Teddington Wallsworth Tarlton Wicks Green Middleyard Lower Cockleford Noverton Alveston Down Ampney St Mary Far Green Westerleigh Hill Tidenham Chase Berkeley Road Shab Hill Flaxley Thrupp Shepherd's Patch Leathern Bottle Rockstowes Lower Soudley Stanton Condicote Vinney Green Woolstone Hill Palmer's Flat Stanley Downton The Camp Patchway Ford Phipps Bottom Frampton Court Stratton Preston Cowhill Westbury-on-Severn Bartlett's Green Whitecroft Mayshill Tiltups End Smart's Green Rudgeway Twyning Green Viney Hill Worley Tormarton Hatherley Aston Magna Sibland Fairfields Hilcot Elmore Etloe Innsworth English Bicknor Upper Dowdeswell Chargrove Yanworth Uley Uckington Little Bristol Rodford Orange End Awre Leckhampton Warmley Hill Longhope Tortworth Green Brain's Green Miserden Boughspring Twigworth Mork Ayleford Brookend Shortwood Bromesberrow Hamwell Leaze Ryeworth Naunton Chase Hill Withington West End Coates Mile End Elmbridge Shapridge Bradley Hawkesbury Upton Stancombe Stow-on-the-Wold Broadwell Joy's Green Berry Hill Calcot Daneway Arle Woodfield Apperley Northleach Cromhall Common Cadbury Heath Northfield Siston Common Knockdown Pinfarthings Brookend Aston Cross Newent Broadrock Butterrow Frogland Cross Wyegate Green Calcott's Green Highnam Green Lower Kilcott Aylburton Common Homedowns Farmcote Prior's Norton Collafield Homestead Tickshill Stonehouse Oldbury Naite Daylesford Rockhampton Tillers' Green Minchinhampton Leckhampton Hill North Common Ryeford Watermoor Bibstone Churcham Tresham Hardeicke Bibury Stone Hill Brockhollands Icomb Long Newnton Lower Hazel Northville Little Drybrook Pennsylvania Ruardean The Twittocks Wallow Green Foss Cross Botloe's Green Highnam Holbrook Common Woodmancote Gatwick Ablington Tortworth Marsh Lane Little Rissington Lasborough Marshfield Sevenhampton Sundayshill Gatcombe Castletump Shortstanding Moorend Didbrook Old Sodbury Longney Moorslade Dodington Randwick Farmington Huntingford Newnham Blaisdon Theescombe Bulley Stowe Green Little Haresfield Mount Hill Worrall Hill The Barton Hatherop Windsoredge Sladbrook Longridge Dorn Winterbourne The Hacket South Cerney Putloe Stoke Orchard Hawcross Nag's Head Saintbridge Arlingham Grovesend Cheltenham Lowbands The Butts Upper Cam Bishop's Norton Jack's Green Tetbury Upton Allaston Dumbleton Selsley West Haresfield Abbotside Hazleton Buckland Stroud Hill Hampton Fields Upton St Leonards Lower Meend Slad Steam Mills Nethercote Hempsted Oldland Common Naunton Park Heath End Dunfield Saintbury Cambridge Chaceley Hole Claypits Syreford Upper Kilcott Newleaze Alstone Alderton Marle Hill Petty France Forthampton Ham Yorkley Slade Yate Littleford Nuppend Bitton Greet Ganborough The Mythe Cold Aston Barnwood Kingswood Fromebridge New Town Alderley Upper Rissington Ham Shipton Moyne Stroat Lower Oddington Ozleworth Harnhill Frampton Mansell Duntisbourne Abbots Horwood Riding Evington Somerford Keynes Brockweir Awkley Ebrington France Lynch Whiteshill Elton Turkdean Waterlane Whaddon Culkerton Cirencester Knightsbridge Wick Rocks Damery Upper Common Stockend Bream Oakhunger Redwick Blockley Little Shurdington Breadstone Coomb's End Aust Abenhall Dixton Little Sodbury Gorsley Sezincote Southrop Whittington Charfield Hill Wymans Brook Prescott Brockworth Pancakehill Willsbridge Winstone Stinchcombe Old Down Upper Up Brockhampton Burleigh Totteroak Netherton Middle Street Neds Top Thames Head Harleywood The Quarry Hudnalls Mangotsfield Chatterley Shortwood Snowshill Ruardean Hill Alstone The Haw Stidcot Clapton Podsmead Lower Stone Hanham The Island Brierley Warden Hill Gretton Fields Swineford Rangeworthy Upper Soundwell Hagloe Codrington Fyfield Chalford Boulsdon Battledown Bradley Green Kingscourt Little London Cleeve Hill Woodstock Eastleach Martin Hawling Ashleworth Northway Taynton Pilning The Rocks Swindon Sunhill Leighterton Oldcroft West Littleton Clanna Badbrook Oxenhall Everlands Lower Hamswell Andoversford Cromhall Stanley Pontlarge Aston on Carrant May Hill Village St Briavels Horsepools Over Chaceley Springbank Shipton Oliffe Woodcroft Sherborne Bournside Cold Ashton South Woodchester Sedbury Brimps Hill Churchend Highleadon The Heath Coberley Parkfield Beeches Green Compton Greenfield Coln St Dennis Bridgend Church End Epney Maugersbury Saul Mickleton Driffield Kingscote Kington Newerne Triangle Twyning Little Washbourne Gossington Milbury Heath Betty's Grave Coombe Hill Little Badminton Stanfields Edge Smallbrook Doynton Abson Salperton Park Cherington Nibley Green Bafford Bowbridge Watledge Lower Tuffley Eggs Tump Shorncote Bengrove Lydney Ampney St Peter Middle Duntisbourne Fiddington Fossebridge Walkleywood Bridge Yate East End Milbury Heath Upper Morton Nailsworth Abbeydale Lower Lode Wanswell St Chloe Ryton St Briavels Common Shipton Solers The Fence Fretherne Hopewell Hill Upper Oddington Baker's Hill Highfield Hallwood Green Poole Keynes Pope's Hill Walham Baunton Huntley Newtown Ingst Pittville Wapley Sling Upthorpe Yate Rocks Linden Central Lydbrook Shaw Common Colethrop Pullens Green Aylworth Horcott Bamfurlong Emerson's Green Kingswood Elmstone Hardwicke Whiteway Elmore Back St Peter's King's Stanley Cobb's Cross Jeffries Hill Stowell Oxenton Chalford Hill Wishanger Ebley Gotherington Blakeney Hill Plusterrwine Nupdown Upper Siddington Winchcombe Lower Common Bowling Green Iron Acton Latteridge Donnington Readings North Woodchester Lower Berry Hill Whitecliff Woolaston Cinderford Coney Hill Willis Elm The Beeches Churchdown Woodhouse Down Dursley Tutshill Berkeley Heath Framilode Coalway Paradise Colesbourne Purton Wheatenhurst Coaley Peak Adlestrop Sapperton Hailes Badminton Littledean The Pludds Norcote North Cerney Inchbrook Robinswood Broad Campden Symonds Yat East Southend Primrose Hill Temple Guiting Dymock Gillingstool Leonard Stanley Lynch Elberton Hamshill Ruardean Woodside Highfield Little Witcombe Over Stroud Green Wyndbrook Guiting Power Naas Tirley Knowle Hartpury Todenham Woodbridge Fairmead Hinton Kitlye Hewelsfield Common Hampnett Eastcombe Chaceley Stock Wood Stanway Upleadon Court Dyrham Alvington Bishop's Cleeve Great Stoke Winterbourne Down Acton Turville Bledington Rodley Smart's Green Edge End Stantway Itchington Draycott Maisemore Birdlip Bays Hill Townwell Natton Earthcott Green Preston Drybrook Blackwells End Green Footbridge Boxbush High Nash New Cheltenham Bownham Tuffley Grange Village Lechlade-on-Thames Benhall Chedworth Staunton Cassey Compton Sandhurst Up Hatherley Hystfield Barton Cowley Owlpen Whiteway Moreton-in-Marsh Chipping Sodbury Far Thrupp Broadwell Easter Compton Montpellier Playley Green Poolhill Prior's Park Tytherington Puckshole St Paul's Bagpath Tutnalls Fishpool Stroud Wyck Rissington Westerleigh Rendcomb Upper Wick Lower Lemington Sheepscombe Compton Abdale Murrell's End Oldbury-on-Severn Poolway Lower Swell Swanley High Woolaston