Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Compulsory winding up definition

What does Compulsory winding up mean? Compulsory winding up is the court-ordered liquidation of a company. On a creditor’s, contributory’s, company’s or regulator’s petition, the court may make a winding-up order (typically for inability to pay debts, on just and equitable grounds, or in the public interest). A liquidator is then appointed to take control, collect in and realise assets, adjudicate creditor claims and distribute proceeds in the statutory order of priority. In England & Wales and Northern Ireland, it is “winding up by the court” under the Insolvency Act 1986 and the Insolvency (Northern Ireland) Order 1989. The Official Receiver usually becomes liquidator on the...

Compulsory winding-up order: required order contents, Official Receiver notifications and powers, liquidator appointment, statements of affairs, public examinations, and stays of proceedings (England and Wales)

Published by a LexisNexis Restructuring & Insolvency expert

Practice notes

The Winding up of a Company is treated as having begun on the day the Winding-up petition is presented. While a prescribed template for a winding-up order no longer exists, the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, r 7.20 — and, with altered provisions in r 7.32 where the winding up follows the termination of an administrator’s appointment or there is a company voluntary arrangement (CVA) supervisor — set out the following particulars that must appear:

the case identification details
the judge’s name and title issuing the order
the petitioner’s name and postal address
the petitioner’s capacity entitling them to present the petition (for example, the company, a creditor, or a regulator)
the date the petition was lodged
an order that the company be wound up by the court under the Insolvency Act 1986 (IA 1986)
a statement confirming whether the proceedings are COMI proceedings, establishment proceedings, or proceedings to which Regulation (EU) 848/2015 of the European Parliament and of the Council of 20 May 2015 on insolvency proceedings (recast) as it...

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Eleanor Holland

4 Stone Buildings

A barrister at 4 Stone Buildings, Eleanor has been recommended by Legal 500 as one of the top ten commercial litigation juniors under eight years' call, and is described as 'Good with clients, hardworking and a very nice person too'. Eleanor has a broad commercial Chancery practice, including insolvency, commercial disputes, shareholder disputes, and banking and finance. She provides practical advice tailored to meeting the client's objectives, and is particularly sought after for work involving complex legal questions. Eleanor regularly receives repeat instructions from solicitors' firms, and she works both alone and led by barristers (including silks) in and out of Chambers. Eleanor regularly accepts instructions with a German language element. Eleanor is also a CEDR-accredited mediator, offering a practical and constructive approach to parties wishing to explore settlement of their dispute. Eleanor is committed to the Bar's pro bono efforts, including through the Bar Council Pro Bono...

Karl Anderson

Barrister, 4 Stone Buildings

Described as a “charming and first rate junior who produces written work of exceptional quality” and as an “excellent tactician” with a “formidable intellect” who “adds great fire power to any legal team”, Karl maintains a broad commercial practice. He is ranked in the Legal 500 as a ‘Leading Junior’ in Banking and Finance (Band 3), Insolvency (Band 4), and Civil Fraud (Band 4), and in Chambers and Partners as ‘Up and Coming’ in Company and Civil Fraud. Karl has extensive experience as a High Court trial advocate. Described as a “skilled and efficient cross-examiner” who “holds his own as an advocate” and who “has a fine delivery style and builds up a nice rapport with judges”, Karl has conducted multiple trials as sole counsel. In addition, Karl is regularly instructed as part of a larger counsel team in complex and high value claims in both the...

Web page updated on 21/05/2026

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