b'News and views from the Griffin & King teamBUSINESS RESCUE, RECOVERY AND TURNAROUND AUTUMN 2019WHAT IS A WINDING UPPETITION? WHAT ARE THECONSEQUENCES?Page 2Management team: BUSINESS DIFFICULTIES Janet Peacock, Cheryl Gray, Tim Corfield, Emma Wallis, Mark Shaw. HELP IS AT HANDPage 2DOES IT MATTER ABOUT THE REGISTERED OFFICE ADDRESS? by Tim CorfieldIn each instance, the directors only became aware of the petition after the company bankers had frozen the bank account and there were only a couple of days (in one instance one day!) before we were instructed toSTRIKING NUMBERSPage 3investigate and advise the directors. Its so frustrating that a difficult situationTHE LAST WORDPage 4is made so much harderwhich couldCOMPETITION TIMEPage 4have been so easy avoided. In these two cases the petitions were served on; Yes. All formal documents such asThe previous accountants address KEEPING YOU INFORMEDwrits or winding up petitions areA previous directors home address Company Voluntary served on the registered office.ArrangementsIts so important for directors toOur advice is that directors should ensure that the registered office isalways use their accountantsIndividual Voluntary an address where post is opened byaddress as their registered officeArrangements -a director or someone who knows and try to avoid chopping andConsumer Debtswhat to look out for and to takechanging accountants! Liquidationappropriate action. Weve comeSee page 2 for more informationIndividual Voluntary across two cases very recentlyabout how a winding up petitionArrangements -where winding up petitions haveworks and the consequences. Business Debtsgone astray and the directors haveG & K Administrationremained blissfully unaware of aBankruptcyforthcoming winding up hearing forAppointmentstheir company.Download a copywww.griffinandking.co.ukwww.griffinandking.co.uk | email: janet.peacock@griffinandking.co.ukGriffin & King, 26-28 Goodall Street, Walsall, West Midlands WS1 1QL'