Winding Up Petition Assistance & Advice

Opposing or stopping a Winding up Petition
Obtaining an Adjournment of the Winding up Proceedings
Applying for injunctions to restrain Advertisement
Applying to Court for a Validation Order to unfreeze Bank Accounts
Liaising with HMRC and other Creditors
Advising the company on the prevention of Winding Up
Structuring effective CVAs
Providing ongoing Consultancy Services

Winding up Petition

A winding up petition is one of the most serious actions that can be taken against a company. Ironically, it is not legally a debt collection tool but in practice it is. A Petition can freeze a company bank account the moment that the bank is aware of it. A Director can’t open another bank account if there is a debenture holder registered at Companies House. A Winding up Petition is a precursor to the compulsory liquidation of a company which is when an Official Receiver, working for the Government, investigates how a director has run the company and investigates any potential wrongdoing, with the aim of re-claiming dividends, Director Loan Accounts and illegal expenses back from the director.

Rescission Application

When a company has been wound up in Court, it is still possible to have the company placed back onto the company register – in other words, reinstated so that it can still trade as if the winding up petition was never there. This process is done through the use of a Rescission Application to Court.

Validation Application

If your company bank account has been frozen then an application can be made to Court to open the bank account again. Sometimes this only allows specific payments to be made, usually Wages. Validation Orders are one of the few ways in which to unfreeze a bank account.

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