Winding Up Petition Handsworth Hill in Handsworth Hill

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 Handsworth Hill (South Yorkshire)

Get in touch

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


Skip to

Gallery

Other locations available for winding up petition handsworth hill
Studfield Hill Brightside Cudworth Common Dinnington West Melton Hatfield Woodhouse Templeborough Load Brook Parkhead Carcroft Netherthorpe Bolehill Whitley Langsett Lower Crabtree Carter Knowle Carsick Moorends Athersley South Crookesmoor Thurlstone Slade Hooton Ringinglow Dodworth Bottom Low Valley Highwoods Hangsman Hill Worsbrough Dale Wombwell Hayfield Green Conanby Ickles Wentworth Stephen Hill Onesacre Guilthwaite Pogmoor Bramley Measborough Dike Birley Carr Dunscroft Coldwell Wike Well End Endcliffe Crescent Tilts Hallowmoor Whiston Hurl Field Worsbrough Brierley Kirkhouse Green Lundwood Under Tofts Townhead Loxley Bottom Finkle Street Crosspool Goldthorpe The Manor Hill Top Den Bank Swinton Banner Cross Hood Hill Kirk Sandall Shaw Lands Honeywell Old Edlington Wood Seats Worsbrough Bridge Low Holdworth Harley Victoria Crane Moor Bradway Bank Upper Whiston Chapeltown Catshaw Fairleigh Elsecar Bolsterstone Thorpe Common Clayton Brincliffe Finningley Hemsworth Brookhouse Lydgate Foldrings Edenthorpe Smithy Moor Shiregreen Attercliffe Tivy Dale Lower Walkley Pickburn Denaby Main Thurnscoe Upperthorpe Austerfield Shay House Stacey Bank Noblethorpe Sandygate Storrs Royston Bawtry Deepcar Ryecroft High Hoyland Fullshaw Waverley Wisewood Ughill Batemoor Long Line Hoyland Catcliffe Oughtibridge Gleadless Townend Upper Hoyland Wadsley Carlton Birkendale Handsworth Haywood Gleadless Low Bradfield Pinfold Hill Ecclesfield Scawthorpe Hood Green Highfield Keppel's Column Maythorn Broom Orgreave Brampton en le Morthen Spink Hall The Lings Beauchief Low Barugh Hickleton Grenoside Wood Royd Clifton Belle Vue Hollin Busk Abbeydale Park Barnburgh Hatfield Auckley Cotterhill Woods Midhopestones Meadow Hall Sprotbrough Pilley Walkley Bank South Anston Braithwell Kiveton Park Masbrough Great Houghton New Edlington Park Side Spittal Houses Fall Bank Common Side New Lodge Thorpe in Balne Cawthorne Cubley Townhead Firth Park Letwell Aldwarke Tinsley Netherthorpe Parkgate Carr Worsbrough Common Norton Hammer Orchard Square Brodsworth Thorpe Salvin Plumbley Netherthorpe St Ann's Soughley Kimberworth Longley Estate Doncaster Nethergate Owlerton Instoneville Birdwell Newhill Broomhill Hoober Branton Warmsworth Darton Crow Edge Park Head Stone Kilnhurst Fir Vale Old Denaby Four Lane End Bow Broom Thorpe Hesley Lowedges Hemingfield Millhouse Green Firbeck Sandhill Richmond Hill Greenhill Bents Green Old Town Gleadless Valley Woodland View South Bramwith Manor Park Kelham Island High Bradfield Swinton Bridge Athersley North Dalton Magna Hatfield Chase Thurgoland New Rossington Tickhill Coisley Hill Wheatley Hills Cortworth Low Harley Micklebring Harden Cudworth Lewden Darnall Thrybergh Moorgate Stocksbridge Manor Estate Canal Side Sprotbrough Park Malinbridge Nutwell Heeley Slay Pits Intake Birley Estate East Herringthorpe Holmes Moss Sheffield Sothall Hackenthorpe Topham Barugh Balby Stumperlowe Scout Dike Sykehouse Richmond Park Dunsville Newfield Green Thornseat Longley Ings Stainforth Campsall Laughton Common Belle Green Stopes Dean Head Kirk Bramwith Hillfoot Goole Green Hollins End Worsbrough Village Howbrook Ewden Village Staincross Jordanthorpe Whirlow Brook Port Mahon Charnock Hall Penistone Park Hill Oxspring High Green Hallam Head Low Laithes Brick Houses Ecclesall Jordon Hollow Meadows Redbrook Little Hay Nooking Bolton upon Dearne Waleswood Nether Haugh Hoylandswaine Burngreave Mosborough Street Totley Rise Arbourthorne Estate Abbeydale Highlane Waterthorpe Keresforth Hill Windhill Woodthorpe Estate Norton Almholme Warren Wincobank Ranmoor Green Moor Rotherham Horner House Elm Tree Hill Old Cantley Hellaby Bessacarr Hoyle Mill Lakeside Village Dolcliffe Common Sunnyfields Potter Hill Hill Top Darfield Rawmarsh Maltby Kimberworth Park Conisbrough Stockbridge Sheffield Park North Anston Upper Tankersley Bullhouse Deep Pit Highfields Norton Lees Attercliffe Hill Top Royd Moor Old Haywoods Carbrook Arksey Brinsworth Carcroft Common Milton Pitsmoor Skelbrooke Sheffield Lane Top Barnsley Manvers Wheatley Park Cusworth Wybourn Wormley Hill Lowfield Bramley Lings Thurnscoe East Barugh Green Meadow Head Neepsend Snowden Hill Carlecotes Cadeby Woodlands Brierholme Carr Wadworth Wilsic Aughton Herringthorpe Base Green Stainborough Morthen Grimesthorpe Shaftholme Wigtwizzle Brampton Dunford Bridge Bentley Rise Bridge End Low Wincobank Arbourthorne Treeton Harlington Stairfoot Steel Bank Woodhouse Upper Bradway Normanton Spring Mawson Green Shafton Two Gates Ardsley Hill Top Thorne Rossington Nether Edge South Lane Canklow Spring Vale Pudding Hill Harthill Hoyland Common Herdings Stannington Mexborough Totley Middlewood Edderthorpe Beighton Meersbrook Philadelphia Hill Top Loversall New York Pismire Hill Barnes Hall Wadsley Bridge Ravenfield Long Sandall Owston Greystones Cliffe Kine Moor Wilthorpe Hardwick Mortomley Thorn Hill Hill Top Lea Brook Ecklands Throapham Turnerwood Brightholmlee Sunnyside Westfield Broomhill Broomfield Castle Green The Green Blacker Hill Shafton Whinney Hill Woodhouse Mill King Edwards Little Sheffield Nether Green Eskholme Silkstone Common Lodge Moor Eastwood Hampole Trumfleet Ravenfield Common Hermit Hill Smithley Whirlow Crookes Ingbirchworth Askern Swallownest Gawber Burghwallis Abdy Upper Haugh Rollestone Mapplewell Upper Crabtree Dalton Parva Higham Braithwaite Birley Edge Causeway Head Walkley Dodworth Green Wheatley Scawsby Town End Richmond Moorhole Greenside Lindrick Dale Holbrook Worrall Kexbrough Woodall Charltonbrook Sutton Drakehouse Billingley Wharncliffe Side Fenwick Fourlane Ends Bracken Moor Halfway West End Blackburn Fishlake Smithies Loxley Stainton Upper Cudworth Carr Head The Wheel Sharrow Vale West Green Edge Mount Platts Common New Totley Toll Bar Pincheon Green Hexthorpe Woodside Haigh Norton Woodseats Swaithe Bromley Hazlehead Piccadilly Scholes Cricket Houses Normandale Gildingwells Little Common Barrow Woodlands East Northfield Littleworth Adwick le Street Tapton Hill Silkstone Lings Common Hooton Roberts Upper Midhope Woodsetts Dodworth Highfield Royd Carsick Hill Hooton Levitt Todwick Parson Cross Four Lane Ends Little Norton Kendray Little Houghton East Dene Bradgate Grange Lane Bentley Wales Bar Knowle Top Listerdale Hyde Park Rostholme Armthorpe Greystones Roughbirchworth Hooton Pagnell Totley Brook Barnby Dun Cantley Brecks Marr High Melton Low Stubbin Hall Broom Fulwood Church Field Stubbin Flanderwell Gateway Plaza Aston Thurcroft Holdworth Jordan Meersbrook Bank Higham Common Greenland Berry Moor Frecheville Millhouses Far Bank Lane End Owlthorpe Cundy Hos Handsworth Hill Garden Village Sim Hill Burncross Clifton Parkwood Springs Knoll Top Wath upon Dearne Wingfield Southey Green Sharrow Head Ulley Gilroyd Monk Bretton Waldershaigh Wales Bradway Skellow Dore Cat Hill Wickersley Hill Top High Wincobank Shirecliffe Jump Middlecliffe Fosterhouses Boulder Hill Sharrow Summerfield Adwick upon Dearne Norton Westfield Holme Hillsborough Lidget Hanging Water Grimethorpe Pot House Greasbrough Dungworth Backmoor Doncaster Common Newton Rivelin Glen Higher Stubbin Wortley East Whitwell Dropping Well Endcliffe Edge Frickley Laughton en le Morthen Howard Hill Eastfield Cundy Cross New Village Wood Willows Dalton Lower Bradway Highgate Ward Green Blaxton Tankersley Liberty Hill Intake