Received a winding up petition?
If you have been served with a winding up petition this can be extremely distressing. However, you are not alone, we have helped dozens of businesses recover from this situation and return to full solvency.
A creditor can make an application to the courts to wind up your company if they are experiencing problems recovering debts of £750 or more. HMRC is often one of the most likely creditors and it is important to act quickly as the consequences of a winding up order start from the moment it is filed in the Court and this could potentially impact any payments made to your suppliers and creditors.
How can we help?
Our team of expert advisors can help you deal with the winding up petition. This includes the following services:
- Financial health check – is your business still viable or is it better to cease trading? Our experts help you examine your business and provide an objective assessment.
- Negotiate with the petitioning creditor either directly or behind the scenes, to start providing a resolution to the most immediate problem.
- Adjourn the petition hearing to delay credit agencies from receiving details of the petition, as notication could have a negative impact on your ability to do further business.
- Fight the petition and help pay your creditors. If your business is still viable our experts may be able to demonstrate to the Courts that you can pay your creditors.
- Apply for a validation order so your company can continue trading during the winding up petition without potentially damaging your business relationships.
Why act now?
If you fail to deal with the winding up petition a winding up order will be made and control of your company will pass to the Official Receiver who will liquidate your company’s assets and may seek to disqualify directors from acting in the future. Call us whilst you still have options.
Director
Norwich office contact details:
- 01603 877851
- 07944 433026
- hayleywatson@mw-w.com
- Prospect House, Rouen Road, Norwich, NR1 1RE
Cambridge office contact details:
- 01223 903020
- Nine Hills Road, Cambridge, CB2 1GE
Understand your financial options
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How can we help - Book a free 1-2-1
If your company is struggling with unmanageable debts, decreased cashflow or concerns about about your company’s future, we can assess your situation and provide you with tailored solutions and options.
During your free initial advice meeting, we will discover a true picture of your company’s financial situation
and offer practical and expert guidance on your next steps.
Initial meetings can be held at our office or your premises and are completely confidential.
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