Winding Up Petition Abbots Worthy in Abbots Worthy

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 Abbots Worthy (Hampshire)

Get in touch

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


Skip to

Gallery

Other locations available for winding up petition abbots worthy
Bar End Tichborne Andover Down Portmore Middle Wallop Fleet Swampton Wootton Holybourne Up Somborne Rotten Green North Ripley Laverstoke Compton End Soberton Heath Lower Pennington Preston Candover Newtown Eastrop Bentley Hatchet Green Braishfield East Wellow Tinkers Cross Mount Pleasant Cosham Hyde Weston Colley King's Somborne Oakridge Hightown Bleak Hill Ashford Hill Hound Green Minley North Street Springvale Dogmersfield Brockbridge Hunton Custards Lower Brook Lord's Wood Colden Common Buckskin New Alresford Portswood Kingston Houghton Lynch Dilton Nichols Town Hollington Criddlestyle Weeke Hannington Hordle Broad Layings Wivelrod Fawley Crampmoor Cove Hartley Wintney Bassett Over Wallop Brock's Green Chilcomb Woolston Medstead Crookham Village Bull Hill Fareham Wharf Hill Duck Street Netley Sandleheath Mortimer West End East Anton Lower Froyle Compton Mount Pleasant Lordswood Steep Marsh Steventon Thorns Beach South Wonston Winnall Southend The Common Spanish Green Lower Green Upton Grey Bedenham Ropley North End The Withies Tadley Bottom Ashton Yateley Frithend Hilsea Pardown Mattingley Lower Burgate Winslade Ashe Warren Kempshott Shamblehurst Ashurst Curdridge Stuckton East End Buckland Wonston Newtown Common Lee Bishop's Sutton Little Hoddington Weston Ovington Bentworth Middleton Frogmore Furzley Steep Woodfalls Eversley Centre Chilworth Brighton Hill Park Gate West Ham Westwood Park Cuckoo's Corner Moortown Oakshott Bishopstoke Maybush Stony Batter Martyr Worthy Stoke Charity Bramley Corner Boldre Standon Greatham Ball Hill Foxcotte Breamore Langstone Blashford Bishop's Green Broad Oak Wheatley Fullerton Emsworth Sherfield English Durley Street Lasham Boarhunt Chilworth Old Village Sutton Scotney Bartley Blackhill Brokenford Wecock Bunstead Curbridge New Town Worthy Down Penton Grafton Frost Hill Empshott St Denys South Warnborough North Baddesley North Oakley Holt Kingston Hollywater Bashley Conford Poulner Tidpit Wellow Wood New Milton Wishanger Common Warnborough Green St Giles's Hill Hook Lyndhurst Highbury Midanbury Dummer Ecchinswell Racedown Elvetham Nutburn Catherington Ower Whitehill Leckford Pound Green Picket Piece Vernham Row Tadley Cufaude Easton Newtown Hill Grove West Common Up Nately Cheriton Blounce Bursledon Otterwood Broughton Nashes Green Beech Hill Boorley Green Stamshaw Ogdens Newnham Ibthorpe Highways Waterlooville East Oakley Street End Crosshouse Stubbington Shipton Bellinger Swaythling Newgrounds Lymington Little Down Downton Shirley Warren South Baddesley Horsebridge Stoney Cross Ashurst Bridge Brambridge Newtown Ashfield Neatham Old Alresford Little London Thornhill Rowlands Castle Winsor Four Marks Hounsdown Hill Brow Shirrell Heath Murrell Green Lower Slackstead Somers Town Toothill Red Rice East Cholderton Banister's Park Arford Fyfield Wildhern Northbrook Finchdean Charlton Ragged Appleshaw Farnborough Green Linwood Colbury Mislingford Shootash Thedden Pamber Green Eling Forest Corner Linkenholt Wickham Common Netley Hill Woodley Hound Hook Park Burley Beacon Valley Park Dipley Mengham Dowd's Farm Turgis Green Sprat's Down Titchfield Common Little Somborne Plastow Green Burley Lawn West Hill Leagreen Hillhead Goose Hill Petersfield Eastland Gate St Mary Bourne Palestine Abbotstone Hyde Allbrook Gilbert Street Timsbury Hampton Park Gosport Kingsclere Woodlands Soldridge Sydmonton Bishop's Waltham Bowyer's Common Hawkley Hoe Ashley Wheat Hold Church Oakley Gobley Hole Selsmore Bagmore Nately Scures Bossington Purbrook Pikeshill Grateley Newfound Fritham North End Binley Winchfield Hatchet Gate Canada Common Mead End Ladwell Fleetend Upper Burgate Latchmere Green Holt End Southrope North Weirs Mullenspond Chilbolton Down Hatch Warren Tangley Baffins Upton Abbotswood The Butts Wickham Sopley Widley Headbourne Worthy Ower Woodside Lower Wield Chawton Hinton Newtown Court Corner Swanwick Stockbridge Stoke Ibworth Portsmouth Foulford East Hill Twyford The Hummicks Furzedown Itchen Stoke South Ham Little Ann Buddle Crow Empshott Green Hiltingbury Little London North Hayling Highcliffe South Hayling Hoe Gate Fair Oak Green Horseport Furze Hill Newtown West Leigh Pooksgreen Hambledon Hocombe Eastleigh Hartley Wespall North Street Hatch Martin Allum Green Stratfield Turgis Ossemsley Ellingham Burkham Wilsom Purbrook Heath Oliver's Battery Thornhill Park Church Crookham Buriton Hensting Longparish Bridgemary Beauworth Lyde Green The Holdings Chineham North Houghton Harestock Shalden Green Monxton Sheet Clanfield Moulsham Green Ripley Buckland Bailey's Hard Blackmoor Quidhampton Highclere Anmore Townsend Hatherden Sea View Stonymarsh Swelling Hill Kingsmead Fleetlands South View Calmore Beaulieu West Wellow Barton on Sea Nether Wallop Three Ashes East Meon Baughurst Common Browninghill Green Upper Pennington Bashley Park Abshot Tipner Lopcombe Newtown Upper Kingston East End Bucklers Hard Newbridge Fairdown Godwinscroft West End Durns Town Wimpson Blacknest Farleigh Wallop Titchfield Park Lane End Pound Street Cocksford Down Upton The Close Cole Henley Elvetham Heath West End Hythe Tufton Fair Cross Brockhurst Pamber End Shawford Bulbery Wildmoor Frostlane East Martin North Gorley Lower Common Hazeley Heath Mill Green Sparsholt Nutley Overton Northney Hurstbourne Tarrant Cowplain Goose Green Hursley West Liss Malshanger West Dean Horndean Newtown Ringwood Woodcot Wallington Waltham Chase Anstey Silkstead Golden Pot Anchorage Park Liphook Brook Hill Bedhampton Eversley Cross Harefield Liss West Meon Bevois Mount Griggs Green Headley Down West Worldham Adbury Catisfield Woodgreen Furzey Lodge Barford Charter Alley Dibden Bickton Blackfield Bransbury Sandy Down Forton Powntley Copse Basingstoke Bowling Alley Axmansford Rye Common Woolton Hill Appleshaw Lord's Hill Belbins Kingsclere Cricket Hill Merry Oak Ocean Village Stony Heath Havant Gunville Chandler's Ford Micheldever Crockerhill Old Basing Barton Stacey Andover Hatch Bottom Shobley Camdentown Baughurst Burghclere Common Chilbolton Oak Hill Stakes Newton Stacey Lower Green Chilton Candover Lynch Hill Houndmills Emery Down Stoke Monkwood Binsted Minstead Alverstoke Shirley holms Townhill Park Setley Dora's Green North Waltham Bagnum Broadgate Freefolk Brook North Fareham Burgates Wimble Hill Kitwood Morestead Filmore Hill Hill Top Farnborough Southsea Crondall Upper Slackstead Swarraton Stratfield Saye Egbury The Mint Winchester Lower Swanwick Mellishes Bottom Beech East Boldre High Cross North Poulner Regents Park Danebury Burley Street Heathfield Clayhall Redbrook Axford Baybridge Hammond's Green Denvilles Highfield Hazeley Lea Fair Oak Tot Hill Kimbridge Wittensford Birchy Hill Hazeley Bottom Heath End Old Netley Polhampton The Soke Fratton Dean Upper Froyle Balmerlawn Foxhall Heckfield North Sydmonton Drayton East Tytherley Portsea Penwood Itchen Redlands North Charford West End Stonehills Canada Sandy Balls Sway Cupernham Bank Bedford Place Standford South Down Hinton Ampner St Cross Oakhanger Upper Shirley Earlstone Common Weavers Down Dundridge Durrants Lower Upham North Warnborough Brickhill Turkey Island St John's Church Upper Wield Rockbourne Phoenix Green Gundleton Montgomery Lines Newtown Shortheath Shalden Weston Corbett Pondtail Bailey Green West Green Hearn Picket Post Westfield Stanswood Park Corner Tye Upper Bullington Bordon Park South Town Hillstreet Wymering Plaitford Green Lee-on-the-Solent Keyhaven Roughdown Mapledurwell Northfields Ridgeway Parade Pennington Bramshott Longstock Soake East Woodhay Portsea Island Froxfield Green Cliddesden Southwick Hedge End Abbotts Ann Cottonworth Pilley Bailey West Tisted Kings Worthy East Stratton Grayshott Sarisbury Upper Common Fleet Hale Hungerford Netherton Ropley Dean Upper Swanmore Kingsley South Weirs Keeping Farnborough Street North Town East Dean Dunbridge Romsey Marchwood Sandford Frogham St Mary's Newtown Charlwood North Stoneham Selborne Halterworth Drayton Peel Common Little Basing Thruxton Beckley Forton Seafield Fulflood Newtown Causeway Chandlers Green Otterbourne Kent Sladen Green Sherborne St John Sholing Bucks Horn Oak Brown Candover Aldershot Linford Knapp Cadnam Hundred Acres Deane Stoke Common Southington Landport Shorley Compton Foxhills Rockford Burley Old Burghclere Botley Whiteley Fisher's Pond Ratlake Farnborough Park Bramley Green Ampfield Hightown Pheonix Green Lindford Church End Northam Brown Heath Hattingley Eastney Kent's Oak Southwood Worting Swanmore Bramshill Fryern Hill Dibden Purlieu Bellevue Ewshot Ramridge Park Rowner Stockheath Worlds End Andwell Awbridge Weston Patrick Furzeley Corner Pilley Black Dam Hawthorn Coombe Wolverton Common Oakley Testwood Bransgore Denmead Whale Island Abbots Worthy Daneshill Fox Lane Woodend Enham Alamein Butlocks Heath Upper Enham Hill Head Hillyfields Viables Shedfield Tapnage Hazeley Avington London Minstead Sherfield on Loddon Norleywood New Cheriton Upper Canterton Mockbeggar Spitalhatch Upper Farringdon West Stratton Badger Farm Hardley Droxford Whitchurch Ropley Soke Crawley Ashford Farlington North Boarhunt Meon Fair Oak Burridge West Town Popley Harbridge Green Upper Ratley Millbrook Lower Canterton Funtley Whitway South Gorley Locks Heath Newton Valence Rushington East Aston Tilly Down Rafborough Ann's Hill Hamble-le-Rice West End Green Hook Littleton Wootton St Lawrence Hammer Bottom Copythorne Ashe Whitenap Durley Upper Clatford Bitterne Manor Rownhams Milford on Sea Wintershill Sleepers' Hill Wigley Woodlands Frenchmoor Ramsdean Hangersley Picket Hill Gritnam Anna Valley Winklebury Knights Enham Upham Wolverton Bevois Valley Clarken Green New Brighton Deadwater East Worldham Ashmansworth Hill Park Hillpound Gable Head Greywell Row Ash Prince's Marsh Downend Old Shirley Hipley Frogmore Everton Woodcott Cuckoo Bushes Ramsdell Spearywell Penton Mewsey Port Solent Battramsley Weyhill Water End South Farnborough Whitsbury Woodside Carter's Clay Holbury Lower Turmer Glebe Lower Bordean Neacroft Northington Redenham Blendworth Nursling Lower Buckland Couch Green Bevois Town Ridge Common Shirley The Hangers Elson Upper Street Highbridge Southampton Silchester Colemore Tiptoe Polygon Brockenhurst Long Sutton Lower Common Martin Drove End Little Shoddesden Wherwell Heather Row Langrish Abbotts Barton Mill Lane Chapel Woodington Walton Heath Great Shoddesden Bramshott Chase Sholing Common Godshill Wood Freemantle Passfield Totford Rotherwick Fordingbridge Kilmeston Portchester St Austins North End Vernham Street North Camp Lowford Liss Forest Woodlands Ashley Peartree Green Anthill Common Headley Privett Corhampton Lower Ratley Hartley Mauditt East Tisted Bidden West Heath Blackwater Coxford Potbridge Broadmere Hollington Cross Pitt Old Portsmouth Faccombe Well Weston Rake Common Chalton Heath End West Meon Woodlands Paulsgrove Ibsley Dunley Quarley Westley East Liss Lower Daggons Warnford Amport Kingsland Place Crookhorn Isington Summerlug Lepe Walhampton Tunworth Horris Hill Warblington Redbridge Alton Up Green Thorney Hill Old Milton Stone Tote Hill Hawley Lane Wildern Bucket Corner Little Holbury The Frenches Northbrook Woodmancott Lower Bullington Milton Michelmersh Colt Hill Odiham Tadley Hill Gilbury Hard Calshot Privett Wyck West Tytherley Bramdean Mottisfont Warren Corner Kentsboro Leigh Park Knowle Blissford Lower Exbury Winchfield Hurst Bitterne Shirley Park Harefield Damerham Critchell's Green Monk Sherborne Lymore Godshill Bramshaw Meonstoke Hurstbourne Priors Kings Furlong Waterditch Upper Wootton Goodworth Clatford Hawley Sleaford Newtown Egypt Titchfield Warren Corner Newtown Popham Crux Easton Cold Ash Hill Segensworth Bisterne Vernham Bank Headley Soberton Eastoke Buttsash Boyatt Wood Netley Marsh Warsash Owslebury Hatt Hill Bisterne Close Stroud Little Posbrook Hill Hook Park Estate Pamber Heath Stonyford Stoner Hill Copnor Inhurst Ellisfield North End Avon West Heath North Kingston Clatford Oakcuts Warborne Lower Farringdon Battramsley Cross Smannell Clanville Herriard Dean Bighton Brook Darby Green Penton Corner Litchfield Brockhampton Lee Ground Bramley Exton Holt Pound Crowdhill Bradley Nob's Crook Foxdown Itchen Abbas Burghclere Harbridge Hartfordbridge Stanmore Aldermoor Lovedean Turmer Bitterne Park Salters Heath Flood Street Outwick Ashlett Kimpton Lockerley Totton Bassett Green Chidden Langley Exbury Gore End Applemore Heathfield Vernham Dean Horton Heath Wadwick Pucknall