Liquidate your limited company

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Apply directly to the court

A director can ask a court to order the company to stop trading and be liquidated (바카라 사이트˜wound up바카라 사이트™).

This is known as 바카라 사이트˜compulsory liquidation바카라 사이트™.

You need to show the court that:

  • the company cannot pay its debts of £750 or more
  • 75% (by value of shares) of shareholders agree that the court can wind up the company

Your company can be based anywhere but must carry out most of its business in England and Wales.

How to apply

Fill in a 바카라 사이트˜winding-up petition바카라 사이트™ (form Comp 1) and send it to the court with:

  • form Comp 2 confirming the details of your petition
  • the winding-up resolution from the shareholders

Where you send the petition depends on how much 바카라 사이트˜paid-up share capital바카라 사이트™ your company has. You can find this on the .

Your paid-up share capital is £120,000 or more

. It바카라 사이트™ll go to the High Court.

Your paid-up share capital is under £120,000

Find your nearest court that deals with bankruptcy.

if it바카라 사이트™s one of these courts:

  • Admiralty and Commercial Court
  • Chancery Division
  • Companies Court
  • High Court (including Bankruptcy Court)
  • London Mercantile Court
  • Rolls Building

If it was another court you바카라 사이트™ll need to submit the petition by post.

Fees

It costs:

  • £2,600 to submit the petition
  • £280 for the court hearing

After you apply

You바카라 사이트™ll get a date for the hearing if the court accepts your petition.

Before the court hearing, you must:

  • give (바카라 사이트˜serve바카라 사이트™) a copy of the petition to your company - fill in a certificate of service to let the court know you바카라 사이트™ve done this
  • put an advert in at least 7 days before the hearing
  • send a copy of the advert and the certificate of service to the court

The court hearing

You or your solicitor must be at the court hearing. You do not have to give any evidence.

If the court gives a winding-up order, the court will put an official receiver in charge of the liquidation. They바카라 사이트™ll start liquidating your company. A copy of the winding-up order will be sent to your company바카라 사이트™s registered office.

Your role as a director will change.

View a printable version of the whole guide

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