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A winding-up order is made by the court for the compulsory liquidation of an insolvent company.
A creditor may petition the court for a company winding-up order if a debt remains unpaid following service of a statutory demand or other formal written notice.
No. Any creditor who is owed £750 or more may commence winding-up proceedings against an insolvent company.
Yes. An insolvent company must owe at least £750 before a creditor or group of creditors can petition the court for a winding-up order.
Yes. A petitioning creditor may publicise the winding-up notice in the London Gazette newspaper, which is one of the UK Government's official journals of public record.
A winding-up petition is the commencement of statutory insolvency proceedings and would lead to a winding-up order and the insolvent company being placed into compulsory liquidation.
A statutory demand can be used as a threat to wind up an insolvent company. A winding-up petition is a court-issued document that can lead to company being placed into compulsory liquidation.
No. Using the winding-up process as a debt collection instrument is an abuse of process.
Windupacompany.co.uk is a consultancy service for unsecured creditors who need assistance with the winding-up process.
We believe the insolvency legislation governing England and Wales does little to protect the rights of unsecured creditors, particularly in statutory insolvency procedures.
As a result, windupacompany.co.uk provides independent professional advice and support to help unsecured creditors gain leverage in matters such as:
- Commercial debt recovery
- Obtaining a company winding-up order
- Corporate insolvency procedures
We’re open for business between 9am and 5pm Monday to Friday (except public holidays).
Yes. Windupacompany.co.uk was incorporated in England and Wales and has offices in central London. For more information, visit our Contact Us page.
An unsecured creditor is a trader or lender who sells a product or delivers a service on credit without taking security over any of the debtor's assets.
Windupacompany.co.uk represents the interests of unsecured creditors and investors in:
- Company winding-up proceedings
- Corporate insolvency procedures
- Court claims
We can help unsecured creditors recover significant sums from company directors where there is evidence of misfeasance or fraudulent misrepresentation.