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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.…

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 take legal action if someone owes you money (small claims court), how much it costs, what happens next. Includes information from withdrawn guidance EX303, EX304, EX306, EX321, EX325 and EX350.

• What a court claim is

  You can apply to a county court to claim money you’re owed by a person or…

• Court fees

  You must pay a court fee when you make your claim. If you know the claim…

• Claim the interest

  You can claim interest on the money you’re owed. The interest will be…

• Make a claim

  You can make your claim online, unless: you do not know how much money you…

• After you make your claim

  Your claim, including your name and address, will be sent to the person or…

• Resolve your claim through mediation

  Mediation is when an impartial professional (the mediator) helps both…

• What happens at the hearing

  If there’s a hearing, you can: represent yourself pay for a barrister or…

• Enforce a judgment

  You can ask the court to collect payment from the person or business who…

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

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

• Updated: 7 July 2023

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

Find out how to work out payments and when you should make them if your company’s annual taxable profits are over £20 million.

• Updated: 12 April 2023

Your and your company's responsibilities - repaying director's loans, interest, tax on loans, reporting to HM Revenue and Customs.

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

How to work out payments and when you should make them if your company’s annual taxable profits are between £1.5 million and £20 million.

• Updated: 27 January 2025