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You must see this site, its all about winding up petitions by a company called www.ndanp.co.uk/
If a creditor is not being paid by a company and that debt is not contested then that creditor has the option of winding up the company. This is used when a firm is considered not to be in a position of being able to pay its debts and results in that company being compulsorily closed down by the courts. The good news is that when you are faced with such a problem that there are other options available. This article covers the whole area in detail and is well checking out if your company is in trouble.
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