Sin TV - General Chat & Discussion

^^ Now if I read it correctly ANY creditor owed £750 or more can apply to the court for a Company Winding Up Order.

And methinks we know a few in that position.

The down-side are the total costs for the court petition which will exceed £2000(before legal costs are considered) which will put most small creditors off. So, apart from HMRC, only those with financial clout such as $ky, possibly the landlord (who might have been paid by now) and some others would contemplate such an action.

Also. There is little to no point in such an action if the company has no assets if the point was to attempt recovery. Only really a satisfaction of closure and possibly barring a director from holding such office in the future.

But I said this before and no harm repeating it with regards to the above costs. If you have 10 or more people with such a grievance, they should simply get together, pool their resources, and think about it. Each could probably afford £200 and then nominate one person to proceed on their behalf.

Unless they are about to get paid in the next three weeks