by Derek Cooper » Tue May 18, 2010 5:10 pm
Hello Paulsm
Winding up is the process that a creditor uses to force a company to close. The creditor will first apply for a winding up petition. If this is granted, it will be made public in the London Gazette. This normally happens 2-3 weeks after the winding up petition has been issued.
Once the petition has been listed in the Gazette is is public knowledge and following this it is highly likely that the company's bank account will be frozen.