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Late commercial payments - interest and debt recovery costs you can charge businesses for late payments

• When a payment becomes late

  You can claim interest and debt recovery costs if another business is late…

• Interest on late commercial payments

  The interest you can charge if another business is late paying for goods…

• Claim debt recovery costs on late payments

  You can also charge a business a fixed sum for the cost of recovering a…

How to issue a winding up petition - forms and fees to wind up a company to recover any money you're owed.

• Overview

  You can apply to the court to close or ‘wind up’ a company if it cannot…

• Apply

  You must send the right form to the court before they can deal with your…

• The court hearing

  If the court accepts your petition, they’ll arrange a date for a hearing.…

What happens if your company cannot pay its debts and is given a court judgment, statutory demand or winding-up order by your creditors

• If your company cannot pay its debts

  Your limited company can be liquidated (‘wound up’) if it cannot pay its…

• Responding to a court judgment

  You have 14 days to respond to a court judgment. To respond, you must do…

• Responding to a statutory demand

  You have 21 days to respond to a statutory demand. To respond, you must do…

• Getting a winding-up order

  Your creditors can apply to the court to close down your company. They do…

All private sector businesses that want to do building control work in England and Wales under the Building Act 1984 (as amended) must apply to register with the Building Safety Regulator (BSR).

• Updated: 26 March 2025

How to buy or acquire the assets of a dissolved company - how and when you can claim money or property, who to contact and the forms you need

Even the best-run business can face unexpected challenges and solvency issues. It's important you recognise the signs and understand your duties as a director.

• Updated: 1 April 2022

If your employer is 'insolvent' this means it cannot pay its debts - your rights if this happens, claiming money owed to you, where to get advice

A company that enters formal insolvency will in many cases have outstanding debts.

• Updated: 7 July 2023

Use a mediation service, send a statutory demand, go to court or make someone bankrupt if a person or business owes you money

Find out about risks of excise duty evasion and other commercial risks if you're an excise warehousekeeper or registered consignor.

• Updated: 3 March 2025