Winding-Up Petition

How much does this service cost?

No winding-up petition is ever the same and so our fees will reflect the particular requirements of your matter.  The figures quoted below are a guide only as the cost of your matter will depend upon many factors such as: the evidence needed, the complexity of the dispute, the nature of the defence(s) raised, whether any counterclaims are raised and level of involvement the client wishes to have.  That’s why we’ll always give you an individual cost estimate at the start of the transaction, taking into account the actual details of your matter.  We will always advise you immediately about any complication; and would fully discuss the potential consequences of that before any additional charges are incurred.

Our charges apply where your claim is in relation to an unpaid Statutory Demand or Letter Before Claim where enforcement action is needed. 

Our charges will be calculated primarily by reference to the time spent on the matter, although other factors may be taken into account.  These include the complexity of the matter, the importance and urgency of the matter to you; and the skill, effort, specialist knowledge and responsibility involved in dealing with it on your behalf.  The time spent will be charged in units of one-tenth of an hour.

We estimate our fees, excluding VAT and disbursements, to be approximately £1,800 for an average matter. They can be higher for more complex matters.  VAT will be charged at 20% on top of all fees and some disbursements.

Disbursements are costs related to your matter that are payable to third parties, such as court fees. We handle the payment of the disbursements, where possible, on your behalf to ensure a smoother process.

Potential Disbursements :

  • Process Server Fee: £150
  • Court Fee: £280
  • Official Receiver’s Deposit: £1,600
  • Advertisement in London Gazette: £86
  • Counsel fee: £500 + VAT (estimate)

As part of our fee we will:

  • Provide you with an experienced insolvency solicitor to work on your matter
  • Take your instructions and review documentation
  • Draft the winding up petition and arrange for service
  • Arrange for representation at the first hearing

Matters usually take 8-12 weeks from receipt of instructions from you to the first hearing.  However, this is dependent on the Court timetable as to when they list the hearing