Where a Limited Company owes you money, you can petition the Court for an Order that the Company that owes money (‘the Debtor Company’) is wound up.
This is quite a serious step as it effectively stops the Debtor Company from operating completely.
It is a requirement of the process that the Winding Up Petition be served upon the Company at the Registered Office or upon a Director of the Debtor Company in good time for the hearing and in such a way as to not interfere with the Creditors’ obligation to advertise the Petition.
Often, service of a Winding Up Petition is preceded by service of a Statutory Demand upon the Company.
It is enough to present a Winding Up Petition if you have a judgment against the Debtor Company that hasn’t been paid or have demanded the debt in writing and it has not been contested.
We help Creditors by serving Companies with Winding Up Petitions.