A validation order is a needed when a company has been served with a winding up petition and needs to continue trading. It helps protect directors from personal claims if the company is later wound up.
If you are dealing with a limited company bank account frozen situation, then it is likely to be the result of a winding up order or winding up petition being served against your company. If this happens, the bank will often freeze the account and stop any further payments from it until the winding up petition is withdrawn or a court grants permission to make the payments.
- a way of enabling payments to vital suppliers and/or staff is to apply to court for sanction for payments to be made. This is by way of a validation order section 127 application;
- this will require the preparation of witness statements and attendance at court by a barrister to seek the relevant order permitting (or validating) payments to be made.
At Francis Wilks & Jones our team of validation order experts have great success in helping companies facing a winding up order, unfreezing assets, unfreezing company bank accounts and having winding up orders reversed. We can help your company continue trading despite a winding up order having been issued against it.
Expert legal advice is needed to make sure that the application stands the best prospects of success. At Francis Wilks & Jones our team can help. We can make that Validation order Section 127 Application promptly and expertly.
Francis Wilks & Jones is the county’s leading firm of winding up petition an company rescue solicitors. We are genuine experts in what we do and regularly make section 127 validation order applications on behalf of our clients. We can also help have the winding up petition removed and reversed.