Winding Up Petition Little Common in Little Common

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