Winding Up Petition Kitwood in Kitwood

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