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Good question. It is a court action that is placed against a company (if the court action is successful) by someone who is owed money (a creditor). Petitions will be issued to Companies House if it’s decided that the company will be wound up and eventually dissolved.
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Mathew Aitken
is Head of Content at at Made Simple Group. This entails overseeing Made Simple Group's blogs (five in all!) and any other content we happen to be producing. In his spare time Mathew is an avid film-goer, TV-watcher and Tottenham Hotspur-endurer.
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