Winding Up Petition Annat in Annat

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 Annat (Ross and Cromarty)

Get in touch

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


Skip to

Gallery

Other locations available for winding up petition annat
Bracadale Calligarry Muir of Fairburn Scotsburn Sanachan Sand Shandwick Idrigill Sartle / Sartail Bay Achlorachan Arabella Glenuachdarach Reiskmore Tullich Muir Morangie Wester Alligin Sheader / Siadair Lower Arboll Nigg Tain Nonikiln Achilty Merkadale Satran Galltair Annat Upper Diabaig Ussie Kilmaluag Brae Ard-dhubh Strome Ferry Corry North Fearns Leacanasigh Bogallan Stromemore Westford Coast Kilmuir Toravaig / Tòrabhaig Tarskavaig / Tarscabhaig Balintraid Coishletter Breacais Brae of Achnahaird Colbost / Cealabost Northfield Badluachrach / Badluarach Fanks / Na Faingean Ollach / An t-Ollach Peinlich Easter Kinkell Coulin Lodge Glasnakille Alcaig Shieldaig / Sildeag Fodderty Coillore Inveralligin Upper Edinbane / Braigh an Aodainn Bhain Knockbreck Kendram Ardessie Jemimaville Kilbeg Ardaneaskan Ardcharnich Big Sand Leacanashie / Leacanaisigh Waterstein / Bhatairsteinn Callakille Harlosh / Harlois Achnacloich Penifiler / Peighinn nam Fìdhleir Blackwood Dornie Feorlaig Ardindrean Applecross Shiel Bridge Wester Lonvine Logie Hill Upper Ollach First Coast Lower Tullich Roskhill Badenscallie Maryburgh An Leth-Pheighinn / Lephin Incheril Lower Tote Melvaig Obsdale Park Struan / An Sruthan Marybank Fearnmore Upper Tote Aird / An Àird Upper Milovaig Lower Halistra Garafad / An Garadh Fada Ruigh'riabhach Achmore Ardvannie Balleigh Glaick Glen Bernisdale Londain Heaste / Heasta Glenmore Fasach Conasta Ormiscaig Suisnish Sconser / Sgonnsair Corntown Lower Pitkerrie Maligar / Malagar Balgunearie Ardvasar / Àird a' Bhasair Peiness Milton Newhall Firemore / Fhaighear Mhòir Letterfearn Attadale Drummond Fettes Mellon Charles Reraig Tokavaig / Tòcabhaig Newton of Kinkell Boath Coulnacraggan / Cul na Creagan Hill of Fearn Drynoch Duncanston Drumsmittal Borrodale Auchindrean Digg / An Dig Strathy Achiltibuie Blair Muir of Tarradale Tighnafiline Kilvaxter / Cille a' Bhacstair Camustiel Aird Upper Halistra Mount High North Kessock Sluggans Kilmarie Artafallie Kingsburgh / Cinnseaborg Braefindon Arpafeelie Letters Springfield Luib Laide Sgeitheabost / Skeabost Leckmelm Glackmore Knock Rash Loandhu Drumfearn / Druim Fhearna Srath Carran Carn-gorm Greshornish / Griseornais Kilbride / Cille Bhrìgnde Garros / Gearros Drumbuie Galtrigill / Galtraigeall Peinaha Clachamish Achandunie Linicro / Lionacro Camusnagaul Polglass Mileabhaig Strathcanaird Erbusaig Moll Treaslane Fearnbeg Strath Garve / Srath Gairbh Lochcarron Sùlaisiadar Mòr Stenscholl / Steinnseall Dounie Redpoint Badicaul Leidchruich Clachan Ardroag Rockfield Balachuirn Upper Feorlig / Feolaig Ard Grudie Loggie Kirkibost North Cuil Kilbride / Cille Bhrìghde Smithstown Jamestown Miltown Achgarve Ardmair Heights of Kinlochewe Corry of Ardnagrask Corran Culnacnoc / Cul nan Cnoc Kildonan / Cill Donnain Cove Borve / Borbh Carbost Breabost Gairloch Anancaun Ord / An t-Òrd Balnacra Kilcoy Lower Diabaig Kirkton Dorrachan Holmisdale / Holmasdal Tomich Uiginish / Uiginis Morefield Keistle Firhill Clashnamuiach Charlestown Balgown Chaol Loch Aillse Tore Inverinate Crofts of Kingscauseway Sgoir Beag Horneval Toulvaddie Balnabruaich Cullicudden Clashandorran Pollo Badachonacher Pitcalnie Roag Cromarty Altandhu Milton Delny Dunans Romesdal Balmacqueen Upper Tullich Ullinish / Uilbhinnis Alness Brogaig Ramasaig Breckrey Keppoch Armadale / Armadail Glen Dale / Gleann Dail Glasphein / Glas-Pheighinn Achnagarron Kinlochewe / Ceann Loch Iù Avoch North Erradale Teandalloch Ryefield Fearn Cartbostbeg Coulags Bornesketaig / Borgh na Sgiotaig Achtalean Arnisdale Drumuie / Druim-aoidh Craigton Drinan Bridgend Ardnagrask Park Bernisdale Balmacara Square Hilton of Cadboll Auchtercairn Newmills Glen Heysdal Lair Arrina / Arinacrinachd Urray Garrafad Mol-chlach Brochel Kenmore Heribusta Munlochy Vatten Lower Ollach Acheninver Blackpark / A' Phairce Dhubh Lochslin Coille Ghillidh Sallachy Fernilea Conordan Shulista Skinidin / Sgianaidin Caroy / An Cadha Ruadh Balvaird Dunvegan / Dùn Bheagan Aultbea Knott / Cnot Charleston Duisdalebeg / Duisdeil Beag Torridon Claigan Portree / Port Rìgh Orbost / Orabost Kilmuir Ardarroch Lamington Barbaraville Isleornsay / Eilean Iarmain Lower Breakish / Breacais Ìosal Achterneed Drynie Park Shieldaig Balmeanach / Am Baile Meadhanach Waterloo / Achadh a' Chùirn Millcraig An Àrd Tore Dalmore Glen More Alnessferry Badrallach Arrisa Sròndubh Braes of Ullapool Duntulm Contin / Cunndainn Culnacraig Earlish / Earlais Ardnarff Strathpeffer Fortrose Struanmore Kalnakill Easter Ardross An Lethallt Nostie South Cuil Ardintoul Saasaig / Sàsaig Linnie Swordale Marishader / Maraiseader Tarbat Mains Allt a' Chruinn Evanton / Baile-Eoghain Mellon Udrigle Inver Stein Bualnaluib Rhicullen Achanalt Auchtertyre Dunan / An Dùnan Àird Morvich Carse of Bayfield Hamaraverin Lonmore Hamaramore Camustianavaig / Camas Tianabhaig Kinbeachie Balnaguisich Ashaig / Aisig Kishorn Loans of Tullich Broomhill Port Henderson Fasag Balmacara Redburn Inchina Ardelve Limepark / Pairc an Aoil Conon Bridge Gorstan Carnach Gedintailor / Gead an t-Sailleir Balmeanach Badachro Hilton Talisker Camas-longart Bindal Sgalamus / Skulamus Rhue Inverarish Culnamean Newmore Balnapaling Fiskavaig / Fioscabhaig Cnoc Ruadh Strathcarron Quarryhill Eabost / Eubost Leacnasaide Achintee Blarnalearoch Achnandarach Glenbrittle Newton of Ferintosh Naast Bernisdale / Bearnasdal Nigg Ferry Kyleakin / Caol Acain Flodigarry Blairninich Husabost Dundonnell Achduart / Achadh Dubhaird Raddery Greep Gearymore / An Gearraidh Mòr Glen Conon Lochluichart Polbain Millnain Greallainn Invergordon Glengrasco Arcan Muir Clachan / An Clachan Eabost West Rhiroy Saltburn / Alltan an t-Salainn Ardheslaig Heribost Aultgrishan Dalnacroich Lòndubh Totardor Burnside Rhenetra Opinan Coul of Fairburn Eilanreach Dunmore Flashader / Flaiseader Rechullin Invershiel Scoraig Rha Bishop Kinkell Lonbain Peinachorrain / Peighinn a' Chorrain Kirkton Knockbain Black Hill / Cnoc Dubh Achmore Brenachie Boor Craig Tarvie Balintore Camascross / Camus Croise Rhives Ardtreck Strollamus / Stròlamas Halistra Mugeary Hungladder Broomhill Eyre / Eighre Dìurinis / Diùranais Arcan Stittenham Strath Rusdale Hallin Lemlair Craigrory Inverasdale Kylerhea / Caol Reatha Newton Trumpan Lusta Little Scatwell Badcaul Mountgerald Croftown Pool Crofts Craigdarroch Lower Milovaig Plockton / Am Ploc Uigshader Feriniquarrie / Fearann MhicGuaire Cuaig Duisdalemore / DuisdeiI Mòr Allt nan Sùgh Balnabruach Elgol / Ealaghol Oskaig / Osgaig Tote Uig Durnamuck Redcastle Culduie Prabost Camas-luinie Staffin / Stafainn Newfield Mial Rosemarkie Crepkill Easter Lonvine Ferindonald / Fearann Dhomhnaill Teangue / An Teanga Achadh a'Choirce / Achachork Cadboll Milnafua Balblair North Tarrel Rhynie Wester Arboll Muir of Ord Knockbreck Dùn Colbost Balgunloune Croftnacriech Achnashellach / Achadh na Seileach Annishader Resolis Cuidrach Harrapool / Harrapul Portneora Loanreoch Kildary Balmeanach Ose / Os Ardnagoine Tournaig Balnaknock / Baile nan cnoc Torrin / Na Torrin Bundalloch Talladale Dingwall Avernish Ardullie Peinmore Eynort Balmeanach / Baile Meadhanach Camusterrach Suledale Totaig Little Garve / Gairbh Beag East Suisnish Coulwood Edinbane / An t-Aodann Ban Davidston Balmuchy Borreraig / Boraraig Grealin Geary Letterewe Solitote Arnish Culbo Toscaig Culbokie Knockfarrel Carbostmore Edderton Strath Lael Forest Lower Pitcalzean Ferryton Fendom Badbea Valtos / Bhaltos Skinnerton Ardross Lonemore Second Coast Glasphein / A' Glas Pheighinn Garve / Gairbh Craig Portnalong Portmahomack Windhill Ellishadder / Ealaiseadar The Dock Peterburn Broadford / An t-Àth Leathann Shillinghill Inveralivaig Mid Strome Balblair Kensaleyre / Ceann Sail Eighre Kilmore Achnasheen / Achadh na Sine Hartmount Braeintra Ard Dorch / An Àird Dhorcha Uig Ullapool Totscore Bualintur Alligin Shuas Leachachan Heatherfield / An Torran Uaine Ardmore Rheindown South Erradale Glenelg Pollosgan Ratagan Carbost Reiff Pitmaduthy Achintraid / Achantraid Garrachan Aultvaich Poolewe Opinan Newton of Cromarty Rootfield Killen Inverchoran Bottacks Drumchork Point of Sleat Gillen Killilan