Winding-up Petition

WINDING-UP PETITION

If you have received a winding-up petition, you will be under significant pressure to deal with the situation quickly and effectively, and this can be difficult if you do not have the relevant experience. BCIA Recovery & Turnaround Ltd can help.

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What is a winding-up petition?

A winding-up petition is a formal request by a creditor to the court, asking them to order your company to cease trading and enter liquidation. They must have already tried to reclaim the funds owed via other means such as a statutory demand or bailiff action. Should you receive a winding-up petition, it is likely that your bank will freeze the company’s accounts. It is also possible for other creditors to attach to the petition.

Should you receive a winding-up petition, it is absolutely vital that you take action promptly. You will need expert advice and assistance to navigate the situation, and BCIA are able to offer exactly that. Our team are experts in the field, and we have helped many businesses find the right solution to their situation, even in the most difficult of circumstances. Based in Derbyshire, we have worked with client companies across the UK, though we are unable to assist businesses in Scotland.

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Whatever your financial issues and requirements may be, BCIA can help.

Company CCJs

Company CCJs are one tool which a creditor might use to get you to pay your debts, and ideally you should try to avoid County Court Judgements altogether by taking action before they are issued. If you are facing the possibility of CCJs then BCIA can help – the impact of a CCJ could be far worse in the long run as it may adversely affect your credit rating, making it harder to borrow, breaching funding facilities and alerting customers and creditors to cash flow issues.

Ignoring a County Court Claim form will only result in Judgement being entered against you in default - once Judgement is entered then you face an uphill struggle to recover the situation depending upon the specific circumstances. We can help you set aside wrongful CCJs or take preventative measures to ensure you can avoid CCJs altogether. With over 40 years of experience, you can rely on us to protect your future and minimise your liabilities.

Contact our professional team today and we’ll conduct an initial analysis of your circumstances. From there, we can use our teams of accountants, lawyers and insolvency experts to plan a course of action best suited to you.