Cooper Matthews, a leading provider of business debt advice and solutions for small to medium businesses requiring financial advice, are offering their expert services to businesses that have been threatened with or received a winding up petition.
‘Winding up’, or ‘compulsory liquidation’, is a process that leads to the closure of a limited company at the behest of one or more of its creditors. A petition can be made for a company to be wound up if the creditor is owed as little as £750, and if it is accepted the consequences can be disastrous. Thus, it is vital that any company facing such action seeks out help as a matter of urgency.
As specialists in company rescue, Cooper Matthews are able to act on the behalf of businesses facing winding up petitions and request that the court put a hold on advertising the petition. It is also possible for Cooper Matthews to ask that the court postpone the publication of the winding up order in the London Gazette in the event that a client disputes the amount they owe.
“The threat of a winding up order can be extremely stressful for any business,” commented a spokesperson for Cooper Matthews. “By requesting a delay from the courts we can provide a temporary respite by delaying an impending compulsory liquidation from being advertised and therefore preventing our client’s bank account from being frozen. We urge anyone who has been threatened with or has received a winding up petition to get advice from a dedicated business debt advisor at the nearest opportunity.”