Winding Up Petitions
If you are owed £750 or more by a company and can demonstrate that the company cannot pay you, you may have the option to apply to the court to close or ‘wind-up’ the company. Our barristers are well-versed in advising clients on the process of issuing a winding-up petition and representing them at the court hearing. Additionally, if your company has had a winding-up petition issued against it, our barristers can provide guidance on the process of defending it and represent you at the court hearing.
Fees
We offer fixed fees for our services, providing clarity and predictability to our clients. Below are estimated ranges of fixed fees for various stages of your case:
- Advice on issuing or defending winding-up petition: £300 to £2,400 (Instructions within 2 days; VC within 4 days)
- Assistance with completion of forms and all necessary steps: £300 to £2,400 (Instructions within 2 days; VC within 4 days and drafting within 8 days)
- Preparation for and attendance at court hearing: £300 to £1800 (Instructions at least 1 day before the hearing)
Please note that the actual fees may vary depending on factors such as the complexity of your case and the experience level of the barrister required. Additionally, reasonable travel costs may apply, including potential overnight hotel stays depending on the location of the hearing. It’s important to note that even if the company is wound up, you might not receive all or any of the money you are owed.
Timescales
The timescales for your case may vary based on factors such as barristers’ availability, the need for additional documents, and court waiting times. As a general guideline, courts typically schedule a hearing date approximately eight to ten weeks after a winding-up petition is issued.