How to Wind up a Limited Company?
How to wind up a company and strike off your business? Understanding how to close a company can be confusing. The process varies for solvent and insolvent companies. If you’re considering striking off your business, we assume it’s solvent and can settle all outstanding debts in full. For UK companies winding up, two main types […]
Statutory Demands: What to do if you have been served with one
What is a statutory demand and how should you respond if you receive one? A statutory demand is typically issued by a creditor as a last request for payment before initiating a winding-up petition. Upon receiving a Statutory Demand, you must settle the owed amount within 21 days, set up a payment arrangement, or contest […]
How can a Winding Up Petition be set aside?
How challenging a Winding Up Petition can save your company A winding up petition against your company can lead to liquidation and closure swiftly. Understanding your rights in such a scenario is crucial. You may seek to have the petition ‘set aside’ by the court. This defines its cancellation, yet it’s essential to ensure your […]