Your company’s bank account will be frozen when someone files a petition to wind up the company.
You need a validation order to access it.
How to apply for a validation order
Tell the person who filed the winding up petition (the respondent) you’re applying for a validation order. You must also tell them what court you’ll apply to (usually the Companies Court) and when you’ll apply.
You need to pay a £155 fee.
What happens after you apply
you’ll be given a hearing on the same day or within the next few days.
At the hearing, you present your case to a registrar or district judge.
The respondent will present their case if they object to you getting a validation order.
At the end of the hearing you’ll either:
- get a decision – you’ll also get a written copy sent to you
- be asked to attend another hearing if the court wants more evidence
you’ll be given the validation order if your application is successful. You must give your bank a copy of this to access your company’s bank account.
If you don’t agree with the decision you may be able to appeal to the Chancery Division of the High Court.