Need to Wind Up A Company?
Winding-up Petition Proceedings
Reclaim what's rightfully yours- Act now with I&L Recoveries by your side
In the event that our debt recovery procedures yield no results, it serves as a clear indicator of potential insolvency within the company. We can then issue a winding-up-petition on the basis that the company is insolvent.
If a company owes you more than £750 for a debt or invoice that isn't disputed, it's crucial to act quickly.
Why? Because while you wait, they might:
- Paying other creditors.
- Additionally, using your credit terms as an unsecured, interest-free loan.
- Transferring assets into a new business. Therefore, leaving you and other creditors behind to perish with the old company.
When you assign us to wind-up a limited company, our team will start on your case within 24 hours.
We will provide expert guidance on all matters relating to the winding-up petition process. Ensuring that you receive the support you need.
Drop our friendly team an e-mail on info@ilrecoveries.co.uk, or give us a call now on 020 7692 8457.
Winding-up Order
You may obtain a winding-up order from the court against an insolvent company that has demonstrated its failure to pay an undisputed debt of £750 or more following advanced written notice.
Winding-up Process
Winding-up proceedings can be very stressful for the directors of the debtor company. In many cases, this is the last opportunity for them to save their business.
It's likely they will be open to paying the debt to avoid the company falling into compulsory liquidation.