Winding Up Petition Buckland in Buckland

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