When a creditor can petition
You can present a winding-up petition if the company owes you at least £750 and it is unable to pay its debts. That is usually shown by one of the following:
- a statutory demand that has gone unpaid for 21 days;
- a judgment that remains unpaid after enforcement has been attempted;
- other evidence that the company cannot pay its debts as they fall due.
The debt must not be genuinely disputed on substantial grounds. Petitioning on a disputed debt is treated as an abuse of process and can leave the creditor paying the company's costs. A petition is also a collective remedy: if the company is wound up, a liquidator deals with all creditors, so we consider whether it will actually get you paid.
The petition process step by step
- Pre-petition review. We confirm the debt and the evidence, and search for any existing petition against the company.
- Preparation and presentation. We draft the petition and supporting statement and file them at court with the court fee and the Official Receiver's deposit.
- Service. The petition is served on the company, normally at its registered office.
- Advertisement. The petition is advertised in The Gazette before the hearing, as the Insolvency Rules require.
- Hearing. The court can make a winding-up order, adjourn the petition or dismiss it.
Many companies pay before the hearing, because a petition threatens their bank account and their future. If the company pays, we deal with the dismissal of the petition and seek your costs where possible.
Common questions
How much does it cost to issue a winding up petition?
There is a court fee and a deposit paid to the Official Receiver, plus our professional fees. We confirm the current figures and give you a fee estimate before you instruct us.
How long does a winding up petition take?
A hearing is usually listed several weeks after the petition is presented. Many debts are paid within that period.
What if other creditors join the petition?
Other creditors can support the petition. If the company pays you but owes others, another creditor may take over the petition. If a winding-up order is made, the liquidator deals with all creditors' claims.
Owed money by a company that will not pay? Request a call back using the form, or call 0800 037 1305 (international callers +44 1482 616 616).




