Winding Up Petition Brookfield in Brookfield

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 Brookfield (Herefordshire)

Get in touch

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


Skip to

Gallery

Other locations available for winding up petition brookfield
Parkway Stretford Court Hartleton Upper Egleton Putley Common Old Forge Barrelhill Green Lulham Woonton Ash Hill-field Hill of Eaton Sutton St Michael Field's Place Hope Mansell Winnal Wormbridge Monkhide The Bage Walker's Green The Leys Thruxton Lower Kinsham Phocle Green The Knapp White Cross Bodenham Bank Tretire Woonton Bowley Wilson The Marsh Lower Bullingham Becknell The Hundred Eardisley Welsh Bicknor Moreton Jeffries Grendon Green Stony Cross Ridge Hill Upper Kinsham Waterloo Michaelchurch Escley Hungerstone Preston Marsh Bartestree Westmoor Upper Broxwood Bringewood Forge Aylton Rowlestone Acton Beauchamp Fromes Hill Logaston Crozen Glewstone Goose Pool Colwall Stone Whyle Stony Cross Knapton Green Wharton Cusop Clock Mills Byton Hand Portfields Combe Colwall Green Hill Hole Stoke Lacy Tidnor Kerry's Gate Ballingham Hill Old Wharf Yarpole Hildersley Cold Green Maund Bryan Walford Marlas Moreton on Lugg Stoke Cross Cholstrey Weston under Penyard Wylde Haven The Moors Colwall Almeley Wootton Lyonshall New Street Mansel Lacy Litmarsh Hillhampton Red Rail Eaton Bishop King's Pyon Kenchester Bradnor Green Bolstone Ullingswick Claytons Swinmore Common Rodd Holme Lacy Leys Hill Cock Gate Kentchurch Penguithal Stanley Hill Tedstone Delamere Pontshill Marsh Wigmore Calver Hill Lingen Collington Withington Marsh Sapey Common The Vauld Peterstow Birtley Flaggoners Green Marston Stannett Brimfield Allensmore Lower Rabber Bobblestock Marlow Ford Little Gorsley Sunset Bleak Acre Shelwick Green Rushall Bush Bank Norton Canon Aylestone Hill Tarrington Longtown Bicton Howle Hill Crick's Green Walterstone Ruxton Birchall Park Gate Millhalf Elms Green Howton Westbrook Combe Moor Lower Hergest Staplow Brockmanton Weobley Shelwick Barton Court Upper Wellington Kynaston King's Acre Aston Richards Castle Hagley Sollers Dilwyn Upper Lyde Nutfield The Cleaver Grittlesend Sutton Lakes Hendre College Hill Michaelchurch Buckcastle Hill The Wymm Mahollam Stowe Ballingham Garway New Town Blakemere Netherton Clodock Brockhampton Lower Broxwood Putson Woonton Ledgemoor Shenmore Wormelow Tump Munsley Staunton on Arrow Fawley Chapel St Owen's Cross Meadow Green Steen's Bridge Stapleton Lugwardine Munsley Green Garway Hill Hawkersland Cross Llangrove Upper Wootton Bodenham Moor Veldo Burcher Ladyridge Eastnor Holme Marsh Kinnersley Pen-pwll-sond West Town Portway Newtown Ham Green Kivernoll Little Cowarne Monnington on Wye Foxley Twyford Common Llanveynoe Aston Crews Loxter Nextend Eaton Greytree Upcott Storridge Kingswood Weirend Tillington Common Isle of Rhea Huntington Birchend Easthampton Clencher's Mill Lower Welson Ruxton Green Linton Hill Floodgates Hoarwithy Wayend Street Eyton Sapey Bridge Marlbrook Upper Buckenhill Upper Colwall Willersley Great Brampton Coldharbour Bromsash Kerne Bridge Pontshill Wilton Dorstone Tillington Bodenham Brimfieldcross Lower Harpton Madley Rhydspence Woolhope Cockshoot Upper Grove Common Weston Walterstone Common Ruckhall Bishops Frome Bishopstone Hales Wood Overross Adley Moor Little Garway Mortimer's Cross Merrivale Bredenbury Ivington Stansbatch Birley Clehonger Whitney-on-Wye Broad Green Streamford Little Brampton Beggars Ash Portway Donnington Bringsty Common Upper Hill Poolpardon Cabal Burghill Bredward Much Birch Alder's End Three Crosses Stocking Kimbolton White Rocks Edwyn Ralph Stagbatch Newton Llanwarne Great Doward Moreton Elmdale Bycross Luntley Pikestye Todding Ashfield Altbough Byford Wolferlow Clifford Checkley Trolway Hales Bank Winforton Marden Westhope The Parks Elton's Marsh Snodhill Kinton Humber Eastwood Mathon Brelston Green Woods Eaves Cradley Weston Beggard Lyne Down Pencoyd Hope's Rough Stretford St Margarets Crizeley Acton Green Hereford Wootton Pembridge Trumpet Tupsley Rudhall Docklow Leinthall Earls Brierley Little Merthyr Ledbury Pentre-Jack Callow Marsh Moor Park Vowchurch Common Pudleston Titley Whitbourne Orcop Crow Hill Halmond's Frome Wyson Stanford Bishop Chickward Lower Southfield Tumpy Lakes Hunderton Putley Green Little Common Portway Foy Ludstock The Broad Batchfields Widemarsh High Lane Covender Walford Vowchurch Pencraig Crowmoor Even Pits Credenhill Ryelands Sellack Boat Brilley Mountain Franklands Gate Lawton Holywell Parkway Lea Munstone Cross Llyde Wellington Callow St Weonards Trewen Bowley Town Yazor Sallys Turnastone Woolhope Moccas Upton Bishop Dormington Stockingfield The Forge Sutton St Nicholas Bowley Lane Kilpeck Lower Town Lower Grove Common Sutton Marsh Upper Hamnish Broadway Lands Sugwas Pool Stockton Horseway Head Rushock Ewyas Harold Canon Pyon Biddlestone Swainshill Lower Buckenhill Munderfield Row Ongar Street Stowfield Llanrosser Orleton Leysters Pole Poolmill Brinkley Hill Crocker's Ash Brookfield Llancloudy Knill How Caple Stoneyard Green Llangarron Gilfach Bellamore Hatfield Wormsley Abbey Dore Yatton Shobdon Castle Frome Upper Welson Totnor Stoke Prior Amberley Lower Burton Peterchurch Dorstone Kymin Orcop Hill Lower Lye Much Marcle Monkland Three Ashes Crossway Upper Dormington Dulas Saffron's Cross Bacton Staunton on Wye Leysters Shutton Newtown Woodbrook Whitechurch Maund Ebnall Newman's Place Cophill Cobnash Kington Rotherwas Enmore Field Whitton Newton Fine Street Rodd Hurst Middle Maes-coed Upper Sapey Green Lane Canon Bridge Golder Field Bull's Hill Pen-allt The Fording King's Thorn Old Gore Ridgeway Cross Panks Bridge Blackmarstone Carey Edvin Loach Symonds Yat West Newlands Cobhall Common Didley Venn's Green Little Hill West Lydiatt Larport Stony Cross Norbridge Shirl Heath Leinthall Starkes Bailey Lane End Withington Upper Maes-coed Pen-y-Park Bromyard Downs Wellington Heath Westfield The Riddle Lower Bearwood Byton Hyde Ash Baron's Cross White Stone Canon Frome Urdimarsh Stretford Ocle Pychard Bagwyllydiart Lewis Wych Nokelane Head Callowside Moorend Cross Ross-on-Wye Pict's Cross Upper Hardwick Grantsfield Hurstley Hopley's Green Treaddow Common Hill Greenhill Winter's Cross Headland Archenfield Comberton Felton Brinsop Hardwicke Coddington Letton Almeley Buckton Upper Marston The Heath Lugg Green Aston Ingham Dodmarsh Little Marcle Newton Farm Grafton The Weaven Little London Welsh Newton Common Lower Egleton Breinton Common Little Birch Nash Craswall Newton Moorhampton Flintsham Dilwyn Aymestrey Preston Wynne Weobley Marsh Pow Green Bishon Common Brilley Haven Turkey Tump Kingstone Wacton Bredwardine Red Hill Linton Stoke Lane Sandyway Westfields Brampton Bryan Byford Common Coxall Yarsop Wofferwood Common Moorfields Letton West Hill Much Cowarne Belmont Nupton Goodrich Cross Ashperton Priory Wood Broomy Hill Much Dewchurch Lower Todding Lower Hardwick Lower Maes-coed Downton on the Rock Wynn's Green Pontrilas Tyberton Ballsgate Common Elton Welshman's Lane Pool Head Sollers Hope Eau Withington Middleton on the Hill Evesbatch Hole-in-the Wall Bridstow Dinedor Cross Monmarsh Pipe and Lyde Upper Town Trelough Stretton Grandison Wellington Marsh Prior's Frome Dancing Green Ryelands Bartonsham Merbach Crossway Westhide Deerfold Burrington Old Country Brick End Little Doward Wynds Point Archenfield Chance's Pitch Falcon Auberrow Dinedor Lower Wootton Welsh Newton Ledicot Jug's Green Fromington Cockyard Luston Little Hereford Brampton Abbotts Harewood End Fiddler's Green Sellack Bircher Hill Gate Penrhos Linley Green Wood End Thornbury Llandinabo Holmer Upton Crews Lower Breinton Bridge Sollers Lucton Crumpton Hill Waller's Green Upper Lye Dinedor Camp Pipe Aston Baysham Pencombe Shucknall Coughton Netherton Clouds Urishay Common Wormbridge Common Evendine Ailscroft Hegdon Hill Putley Ryeford Sarnesfield Hinton Pixley Stoke Edith Norton Wood Nunnington Bosbury Huntington Yarkhill Headbrook Upper Hergest Scotland Bank Trereece Tedstone Wafer Newtown Brinsop Common Eign Hill Moorcot Broad Oak Hom Green Perton Ashton Catley Southfield Hampton Bishop Portway Meer Common Bearwood King's Caple Kingstone Bromyard Adforton Little Dewchurch Newton Bradlow Aulden Marston Goodrich Tarrington Common Middleton Leominster Shawl Upperton Hamnish Clifford Ganarew Mordiford Cornett Kingsfield Tudorville Durlow Common Lower Green Aconbury Mansell Gamage Fownhope Beavan's Hill Newton Bullinghope Winnal Common Limebrook Uphampton Brobury Green Crize Common Bach Burmarsh Wetmore Arrow Green Little Tarrington Munderfield Stocks Marstow / Llanmartin Perrystone Hill Eardisland Lyde Cross Leintwardine Rowland's Green Llanrothal Broadmoor Common Preston on Wye Grendon Bishop Lea Line Ashley Moor Stretton Sugwas Gorsley Common Dukes Whitchurch Upper Breinton Hope under Dinmore Kingsland Orleton Common Strangford Five Bridges Burley Gate Symonds Yat Risbury