Winding up petitions
Services & Fees
If you are owed £750 or more by a company and are able to prove that the company cannot pay you, you may be able to apply to a court to close or ‘wind-up’ the company. Our lawyers can advise you on the process of issuing a winding-up petition and represent you at the court hearing. If you are company which has had a winding-up petition issued against you, our lawyers can also advise you on the process of defending it and represent you at the court hearing.
Timescales may vary depending on factors such as lawyers’ availability, the need for additional documents and court waiting times. However, as a guide, the courts tend to have a hearing date eight to ten weeks after a winding-up petition is issued.
We charge principally by reference to the time spent on a matter in accordance with the Standard Terms and Conditions of Business. We may charge fixed fees, which means that we will charge you a set amount of money for the work. All fees exclude VAT (where applicable). If we charge fixed fees, these may be towards the higher end of the range if you need a more experienced lawyer and/or the matter is more complex. If the matter is particularly complex, your fees may also be higher than the estimates below.
If there are any additional costs, we will let you know as far in advance as possible.
- Advice on issuing or defending winding-up petition – between £1,500 and £5,000
- Assistance with completion of forms and all necessary steps to take – between £1,500 – £5,000
- Preparation for and attendance at court hearing £1,500 – £5,000
We may recommend instructing a specialist barrister to represent you at the hearings. If so, the barrister's fees will be agreed in advance and we may ask you to pay the fees into an escrow account. There may also be court fees to pay.
The fees are estimates only.
For a quotation, please contact us on +44 (0) 20 7183 9482 (or e-mail email@example.com).