Jurisdiction(s):
United Kingdom

Related legal acts

Key definition

Winding up definition

What does Winding up mean? In pensions practice, winding up is the process of closing an occupational pension scheme, settling its liabilities and distributing its assets, after which the scheme trust is terminated and members’ benefits are secured elsewhere or paid out. It is a statutory concept used in the UK pensions regime (including the Pensions Act 1995 and the Occupational Pension Schemes (Winding Up etc.) Regulations 1996) and in Irish pensions legislation (the Pensions Act 1990). Key features include: identifying the winding-up trigger under the scheme rules or law (for example, employer insolvency or a trustee/employer decision), fixing the commencement date, notifying The Pensions Regulator...

Overseas companies with UK establishments: Companies House notification requirements on winding up, liquidation, insolvency, liquidators and closure, and related penalties

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Practice notes

When an overseas company sets up an establishment that conducts business in the United Kingdom, it may need to file its particulars with Companies House. For guidance on registration obligations, see Practice Note: Overseas companies with an establishment in the UK. The framework for registering an overseas company trading in the UK is distinct from the system for registering overseas entities with interests in UK property. For information on the register of overseas entities that own UK property, introduced by the Economic Crime (Transparency and Enforcement) Act 2022 (EC(TE)A 2022), see Practice Notes: Register of overseas entities that hold UK property—fundamentals and The beneficial ownership register of overseas entities that own UK property.

This Practice Note outlines the obligations of an overseas company under the Companies Act 2006 (CA 2006) and the Overseas Companies Regulations 2009 (OC Regs 2009) regarding winding up, liquidation or other insolvency processes, and the closure of its UK establishment. It should be read alongside Practice Note: Overseas companies in the UK—ongoing operation.

Winding up

Where an overseas company with one or more UK establishments is being wound up, it must deliver a...

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Web page updated on 21/05/2026

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