Guide

Wind up a company that owes you money

Last updated: 8 November 2017

Presenting a winding-up petition to court

You'll normally instruct a solicitor to deal with drafting and lodging the petition. You can present your winding-up petition to:

  • the relevant sheriff court (provided the company's share capital does not exceed £120,000 and the company's registered office has been in the sheriff court's jurisdiction for the majority of the previous 12 months)
  • the Court of Session (provided the company's share capital exceeds £120,000)

Find a court on the Scottish Courts website.

If the court accepts your petition, they'll arrange a date for a hearing. The court has discretion in how to deal with the petition, but normally the petition is advertised once in the Edinburgh Gazette and in one or more newspapers. The order will also be shown on the walls of the court and served on the company by sheriff officers with a period allowed for answers to be lodged within 8 days.

After 8 days, your lawyers can return to court to request the winding-up order and the appointment of an interim liquidator. At the hearing, the court will listen to any answers lodged and any defence offered by the company's legal agents.

Wind up a company that owes you money
Presenting a winding-up petition to court