51Թ

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View synonyms for

winding-up

noun

  1. the process of finishing or closing something, esp the process of closing down a business
“Collins English Dictionary — Complete & Unabridged” 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012


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In 2016, supporters asked the Welsh Rugby Union to intervene in the ownership of the club and, in 2018, it faced another winding-up petition in court, which was later dismissed, following the collapse of the club's owner Mike Cuddy's construction business Cuddy Group.

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In their latest report, insolvency experts at Begbies Traynor said a company can be considered in critical financial distress if they have an outstanding county court judgment of over £5,000 or face a winding-up petition.

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In November 2015, the club was sold to Kelvin Thomas and the Cobblers avoided a winding-up petition over an unpaid debt to HMRC, allowing focus to return to the pitch.

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Rival developers Country Garden and Shimao have also been hit with a winding-up petitions in the city.

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Hull Combined Court heard the process, known as a winding-up petition which was started by Hull City Council, had stalled because the council could not reach those running Legacy Independent Funeral Directors.

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