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7 Day Warning of Winding Up Petition from HMRC

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Updated: 5th February 2020

What to do if you have received a Walking Possession Agreement letter


Open Quote
Unpaid debt £X including interest to date. The amount shown above detailed in the attached statement of liabilities remains unpaid. If you do not make payment, in full, within 7 days of the date of this letter I will instruct the solicitor of HM Revenue & Customs to present a petition to wind up the company, without further warning, to the High Court, on the grounds that the company is unable to pay its debts.

You should be aware that once a petition is filed with the court, it must be advertised in the London/Belfast Gazette not less than 7 business days after service on the company. This may cause the company’s bank accounts to be frozen and enable any other creditors to support the petition.”

Attached with this letter will be a Statement of Liabilities (see second image).

CLICK IMAGES to view full letter

HMRC Winding Up Petition

HMRC Statement of Liabilities Breakdown


If you have received a 7 day warning of a winding up petition, it is the escalation of HMRC chasing for payment and being tired of doing so. They are now posing the real threat of closing your company and you have 7 days to take positive action – in other words, there is no time to waste if you want your company to exist.

From HMRC’s perspective, the letter is intended to provoke a response from you, the debtor, which ultimately leads to negotiation for payment of the debt. Some creditors may issue a warning purely to create a reaction due to continued non-payment, in the hope it will finally stir the indebted action into making payment. Others issue it with very real intentions and the next step, if payment terms cannot be agreed, will be a winding up petition which is by far the most severe action a creditor can take against your company.

If you have been threatened with winding up petition, you should contact us today and request a free consultation with an insolvency practitioner in your area.