Winding Up Petition Kimbolton in Kimbolton

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