If you are owed £750 or more by a company and are able to prove that the company cannot pay you, you may be able to apply to a court to close or ‘wind-up’ the company.
Our barristers can advise you on the process of issuing a winding-up petition and represent you at the court hearing. If you are company which has had a winding-up petition issued against you, our barristers can also advise you on the process of defending it and represent you at the court hearing.
Timescales may vary depending on factors such as barristers’ availability, the need for additional documents and court waiting times. However, as a guide the courts tend to have a hearing date eight to ten weeks after a winding-up petition is issued.
We may charge fixed fees, which means that we will charge you a set amount of money for the work. Below we provide estimates based on the ranges of fixed fees for barristers in Chambers. All fees include VAT (where applicable).
If we charge fixed fees, these may be towards the higher end of the range if you need a more experienced barrister and/or the matter is more complex. If the matter is particularly complex, your fees may also be higher than the estimates below.
There are also likely to be additional costs but these will vary from case to case. If you contact Chambers using the details below, we will be able to discuss these with you once we know more about your case.
If you are issuing a winding-up petition, you should also note that even if the company is wound up, you might not get all or any of the money you are owed.
|Stage of case||Ranges of fixed fees (estimates)|
|Advice on issuing or defending winding-up petition
|£500 to £1,000|
|Assistance with completion of forms and all necessary steps to take
|£500 to £1,000|
|Preparation for and attendance at court hearing||£750 to £1,500|
All information is correct as of 16 March 2020, but fees are estimates only. For a quotation, please contact the clerks on 0207 353 0924 (or e-mail email@example.com).