Winding Up Petition Lepe in Lepe

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