Winding Up Order

Free Face to Face Meeting and Advice
Directors Advice Line 0800 231 60 40

Receiving a winding up order can have serious consequences for you and your company. Call us immediately on 0800 231 6040. Time is of the essence.

A creditor who is owed £750 or more has the right to issue a winding up petition through the courts against your company. Once this application is received at court you will be notified in writing.

To apply for a winding up order the issuing creditor will have to prove that they have previously made steps to recover the debt unsuccessfully.

A winding up order will give you a set period of time to pay the debt in full, dispute the claim, or come to an agreement with the petitioning creditor to repay the debt.

A successful winding up order application will result in your company being dissolved at companies house, and an advert appearing in the London Gazette.

This can result in

• Your company being dissolved at Companies House
• The Companies Bank Account being frozen or banking facilities such as overdrafts withdrawn.
• Personal liability for debts falling due upon you personally.
• Loss of trade
• Public knowledge of events
• Company assets being seized and sold to realize monies for your creditors.