Our Expertise

Winding Up Petition

Expert Legal Problem Solvers

Extensive Professional Industry Experience

Strategic & Tactical Legal Advisory Services

What we do best

Over 10 years of experience.

Mercantile Barristers have extensive experience negotiating settlements in the wake of a Winding-Up Petition acting on behalf of companies and creditors. Our barristers can also continue to work towards a best-case resolution even where a settlement cannot be reached.

A Winding-Up Petition effectively asks the court to liquidate the company due to insolvency and, as such, is the most serious action that can be taken against a company. The impact of a Winding-Up Petition will be to stop a business from trading effectively, and if the petition has been advertised, it can do serious reputational damage.

Why Choose Us

Our Direct Access Barristers

Multifaceted & Interdisciplinary

Our barristers in London are cross qualified so you don’t have to go from one solicitor’s office on the High Street to barristers’ chambers at the Inns of Court.

Excellent Value

A barrister usually has lower overheads, so this will usually be more economical than retaining the solicitor alone and will cost less than instructing both.

Maximum Efficiency

You get the earliest possible direct access to the specialist – not just when a problem gets to Court. This could save you the headache, heartache and expense of avoidable litigation.

Full Transparency

You will normally know in advance the basis upon which the work will be charged, as well as your advisors view on likely prospects of success.

How we're different

Value Adding Approach

Our Approach

Our approach to legal practice is always to articulate creative and value-adding solutions for clients whilst delivering timely, efficient, and affordable professional services. All clients conduct their affairs within a legal context, and Mercantile Barristers’ role is to advise on the conduct of their transactions and affairs in ways that avoid conflict and disputes.

Mercantile Barristers - Process of Lquidation

Swift & Decisive

Whether by adjudication, arbitration, or litigation, Mercantile Barristers members will adopt a firm, swift and decisive approach to achieve the best possible results for clients within the shortest time. We recognise that no two cases are the same, so we will adapt our style to suit the occasion.

Have a Question?

Frequently Asked Questions

Explore all FAQs

Are there specific requirements for a winding up petition?

Whether you are presenting or defending a Winding-Up Petition, specific requirements must be met, including that the total debt is £750 or more and has not been paid for 21 days.

How many days do I have in a winding up petition?

It is a delicate process that requires swift action, particularly on behalf of a company that is presented with a Winding-Up Petition, which will have just 10 days to prevent the winding-up from being advertised.

If a settlement cannot be agreed upon, how can you help?

Some things we can do include obtaining injunctions to preserve a company's status quo and obtaining the Validation Orders that may be required for company directors to access funds where appropriate.