Once a creditor, or a group or creditors are owed more than £750 by your business, they can request a winding up order from the courts – this is known as a “compulsory winding up”. Most creditors will only approach the courts after issuing your business with a “statutory demand” (a request for payment), if this debt hasn’t been settled or an agreement hasn’t been reached within 21 days, they can then apply for the winding up order. If the winding up petition that you have received is not dealt with in a timely manner, your business will face a court hearing, at which point it could be forced into liquidation. We strongly recommend that if you have received one you seek professional advice as soon as possible.
We believe that The Insolvency Experts are the ideal option to help a
range of companies find the ideal solution to their current financial issues.
For any company facing serious financial issues, our experts can provide immediate support and guidance, helping you to take the appropriate steps to meet any impending deadlines.
If you are concerned about the financial position of your business and would like expert advice, our Insolvency Practitioners have a long track record in helping companies in similar positions.
The Insolvency Experts help with any concerns regarding debt, administration or liquidation. We can help you take the best course of action, often using your assets to help you avoid any additional cost.
We offer a highly qualified and experienced
team who can offer the advice you need.