So what is a winding up petition?

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.

Now you know!

Any questions? Get in touch via the comments function.

Brought to you by Mathew Aitken at …

For the start-up onwards. We provide services that make business simple: Company Formations, Virtual Offices, Company Credit Reports & more.

— MadeSimpleGroup (@MadeSimpleGroup) August 14, 2013

Find me on Google+