Dealing with your limited company's debts

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Responding to a statutory demand

You have 21 days to respond to a statutory demand.

To respond, you must do one of the following:

Your creditors can apply to wind up your company if you do not respond to the statutory demand within 21 days.

Stop your creditors from applying to wind up your company

You can apply to the court to stop (‘restrain’) your creditors from applying to wind up your company. You must do this within 21 days of getting the statutory demand.

Download and fill in application form IAA.

Which court you apply to depends on how much money shareholders have paid into your company by buying shares (‘paid up share capital’).

Check the Companies House register to find out your company’s paid up share capital.

Your paid up share capital is less than £120,000

Use the court finder to find a court dealing with insolvency. You must use the court nearest your company’s registered office.

Your paid up share capital is more than £120,000

You must apply to the High Court.

The High Court
Companies Court
7 Rolls Buildings
Fetter Lane
London
EC4A 1NL