What are the Court Fees / Costs to Issue a Winding-up Petition?
From 1 November 2022 the Petition Deposit will increase from £1600 to £2600. The creditor’s petition deposit last increased in July 2016 when it increased from £1350 to £1600 which is the current level. The deposit is intended to reflect a contribution to the costs associated with the Official Receiver of the Insolvency Service administering cases.
Where sufficient assets are available the costs of petitioning creditors, including the deposit paid on the petition, will be repaid in part or in full.
The fees to issue a petition are currently:
- £302 – Court fee due on presentation of winding-up petition (more info)
- £1,600 – Insolvency Service / Official Receiver’s petition deposit (refundable)
- £1,500 to £3,000 plus VAT – Solicitor’s fees
- £100 to £200 plus VAT – Process Server fee
- £103.60 + VAT – London Gazette advertisement fee
- £2 – Company House search fee (more info)
- £12 to £45 – HMCTS Companies Court search fee (more info)
Normally these costs are recoverable. If wound up, the petitioning creditor can recover these fees from the company and can do so in preference over other creditors.
If the company is not wound up because it pays the debt then it can be forced to pay the above costs via an order of the Companies Court.
First-class Second Opinions ✔
Discounted fixed fee advice.
Need a second opinion on your insolvency litigation? Our specialist solicitors & barristers can help by assessing your case prospects and whether a winding-up petition is the right tool. We have dual-qualified lawyers, so if our view is your case has limited merit or high risk we warn you in our first meeting.
Some firms offer free meetings with unqualified or junior lawyers but only after you’ve spent significant funds do you then get advice from a senior partner and/or barrister possibly suggesting that the case shouldn’t be pursued. We believe it is better to give accurate advice from experienced counsel from the outset.
We do things differently from all other law firms in England & Wales. We offer you partner and counsel-led advice in our first meeting, for a heavily discounted fixed fee. That way our best solicitors and barristers can review your litigation case and give you the correct advice at the outset, when it matters the most.
Legal advice is just one aspect of getting a solution. The most important thing is what you do with the legal knowledge about your case, how you present it to the other side and how you negotiate your way to the optimal legal settlement. Our lawyers are masters of strategically securing optimal financial settlement, often via winding-up petitions where carefully considered and advised as appropriate.
Want your case assessed or a second legal opinion? Call ☎ 02071830529 or message our London litigators by clicking the Check My Case button below:
LIMITATION ACT 1980 – WARNING
Whilst, the Limitation Act 1980 does not impose a limitation period for winding up petitions founded upon judgment debts, the statute does set out strict statutory deadlines within which you must bring an action such as a litigation court claim. Your legal rights will become irreversibly time-barred if you fail to take legal action (or defend a claim on time). Therefore, you should seek specific legal advice about your legal dispute at the very first opportunity so that you understand the time you have left. Failure to take advice or delay in taking action can be fatal to your prospects of success.
Check Your Insolvency Case ✔
We analyse your winding-up petition prospects. We deliver strategic legal advice at your first meeting. We get optimal legal results. Want a first or second opinion on your case? Click below or call our lawyers in London on ☎ 02071830529
WARNING – OBTAIN SPECIFIC GUIDANCE & ADVICE
The information on this website is not legal advice; you should always obtain specific advice on the circumstances of your case. Our Winding-up Petition Solicitors & Barristers provide specialist legal advice based on decades of expertise. Click here or call +442071830529 to get in touch. For regulatory reasons we do not take on low value cases nor provide free legal advice, information or guidance and our team cannot answer questions from non-clients.