If your company bank account has been frozen because of a winding up petition – we can help. A validation order application is normally the best way to proceed, allowing use of the bank account and to continue trading - plus avoiding the risk of personal liability as well. We have been helping businesses since 2002. Let our team of experts help you too.
Urgent action is needed if you are suffering from a company frozen bank account.
This often happens after service of a winding up petition by a creditor or HMRC against the company. Suffering from a limited company bank account frozen situation can have dramatic consequences but it is possible to resolve and unfreeze company bank accounts and continue to trade.
Validation orders often needed from the court to keep trading
The way to unfreeze an account is to apply to court for what is called a validation order. This type of court order allows certain critical payments to be made from the company bank account (eg to staff or suppliers).
A validation order can be served on the bank and the bank will then enable those payments to be made. Without such an validation order, either the payments cannot be made at all or if the company still manages somehow to make the payments without an order, it can then have dramatic personal consequences and claims against directors individually if the company is later wound up.
Therefore, if you are threatened with a company frozen bank account situation or actually have a limited company bank account frozen situation then you should always take expert legal advice.
At Francis Wilks & Jones we have an expert team of legal advisers who specialise in acting for companies facing winding up petitions, reversing winding up petitions, unfreezing assets and unfreezing bank accounts. We can help companies continue to trade even in the most difficult of circumstances. However, urgent action is always needed. Delay can really prejudice any kind of application to unfreeze a bank account by way of a validation order.
Making the validation order application quickly but with expert legal advice maximises the chances of success and also the ability of the company to continue to trade. Contact one of our expert company frozen bank account advisers now and we can help you.
Our expert team of winding up petition solicitors at Francis Wilks & Jones are here to help you with if you have been served with a winding up petition you might need a validation order to continue trading or unfreeze a bank account. Contact one of our team of expert friendly team for help today.