Bastech Trade Limited Faces Winding-Up Petition
A winding-up petition was presented against BASTECH TRADE LIMITED on 8 October 2026 at the High Court of Justice, Central Registry of Winding-up Petitions, under case number CR-2026-007757. The filing represents the earliest formal judicial stage in compulsory winding-up proceedings under section 122(1)(f) of the Insolvency Act 1986. Presentation of a petition is an allegation of unpaid debt or inability to pay debts; it is not a court determination of insolvency or an order for liquidation.
Creditors monitoring daily insolvency filings can view this matter alongside other entries on the today's winding-up petition list.
Petition details
The Central Registry listing records the court filing data as follows:
| Attribute | Detail |
| --- | --- |
| Case Number | CR-2026-007757 |
| Case Title | Bastech Trade Limited |
| Case Type | Companies - Petition - Winding Up Petition |
| Date Presented | 08/10/2026 |
| Source Registry | Central Registry of Winding-up Petitions (CE-File) |
| Petitioning Creditor | [Shown in the creditor report →](#offers-creditor) |
| Hearing Date | [Check the creditor report →](#offers-creditor) |
CE-File public registries record court filings upon presentation. The identity of the petitioning creditor and the petition debt amount are not disclosed on the initial court cause list index.
Company snapshot
Companies House register data confirms the statutory status and registration history of the target business:
- Company Name: BASTECH TRADE LIMITED
- Company Number: 12461971
- Incorporation Date: 13 February 2020
- Registered Office: Unit 1 Lancaster Business Park, Cublington Road, Wing, Leighton Buzzard, Bedfordshire, LU7 0LA
- Company Status: Active - Proposal to strike off
- Standard Industrial Classification (SIC): 46900 (Non-specialised wholesale trade)
- Latest Accounts / Financial Data: [Check the creditor report →](#offers-creditor)
The public register records an active proposal to strike the company off the register. A petition presented against a business currently subject to strike-off action routinely suspends administrative dissolution to allow court proceedings to resolve claims.
Directors and ownership
Public filings at Companies House disclose the recorded officers and beneficial owners:
- Malcolm John Newton: Appointed director on 13 February 2020. Recorded as born in August 1946, British nationality, UK resident.
- Persons with Significant Control (PSCs):
- Mr Malcolm John Newton: Notified 13 February 2020; holds 25% to 50% of shares and 25% to 50% of voting rights.
- Mr Yuri Ganfeld: Notified 13 February 2020; holds 25% to 50% of shares and 25% to 50% of voting rights.
These officer and PSC entries reflect public records submitted to Companies House. The register notes appointments and shareholding thresholds; no inference is made connecting named individuals to the petition itself.
Recent filings and Gazette activity
No advertisements or notices regarding this specific petition have yet appeared in The Gazette. Statutory practice requires a petitioner to serve the company and publish a notice in The Gazette prior to the court hearing, unless the court orders otherwise under Rule 7.10 of the Insolvency (England and Wales) Rules 2016.
Companies House currently shows an active proposal to strike off. When a winding-up petition is lodged, the petitioner or registrar typically registers an objection to strike-off to prevent the corporate entity from being dissolved before claims are adjudicated.
What this means for suppliers, creditors and counterparties
When a petition is presented at the High Court, counterparties face immediate statutory considerations under section 127 of the Insolvency Act 1986. Any disposition of company property or transfer of shares made after the presentation date is void in the event that a winding-up order is subsequently made, unless validated by the court.
Commercial counterparties should execute a structured risk assessment upon identifying a pending petition:
1. Freeze credit extensions: Shift supply or services to cash-on-delivery (COD) or advance payment terms.
2. Review open accounts: Calculate current trade receivables and check retention of title (ROT) clauses in sales contracts.
3. Assess pending payments: Verify whether payments received post-filing risk being challenged under disposition rules if a compulsory liquidation order follows.
4. Monitor court listings: Check whether a hearing date is scheduled at the High Court.
Practical risk scenario
Consider an equipment wholesaler that supplies inventory on 30-day terms. If the buyer is subject to a newly presented winding-up petition, any settlement received after the filing date could be subjected to a clawback application by a liquidator under s.127 if a winding-up order is made and no validation order is granted. Performing a winding up search at the earliest warning stage allows credit managers to demand security or validate transactions promptly.
How to run a winding up petition search
Credit control departments routinely conduct risk checks across target entities. Performing a winding up petition search before entering into significant agreements or extending credit lines provides direct verification of High Court filings.
To conduct due diligence:
- Search CE-File or registry data using the precise company registration number (12461971).
- Match company names against active Companies House profiles to rule out dissolved or renamed entities.
- Set up free company monitoring to track daily statutory updates and registrar filings automatically.
For credit teams and suppliers
Credit underwriters and legal advisers require prompt notification when a debtor faces formal court actions. Waiting for a notice to appear in The Gazette often leaves creditors exposed to frozen bank accounts or s.127 transaction voidance. Incorporating automated search verification into credit approval workflows ensures timely risk mitigation before bad debt exposure escalates.
FAQ
What does a presented petition mean?
A presented petition means a creditor or petitioner has lodged court papers claiming the company owes unpaid debts and seeking a court order to wind up the business. It is not an order of liquidation.
How long between petition presentation and a court hearing?
A court hearing is typically scheduled between four and eight weeks after the petition is lodged, depending on High Court lists and service requirements.
What happens to company bank accounts?
Once banks become aware of a winding-up petition, they frequently freeze company accounts to prevent dispositions that could be rendered void under section 127 of the Insolvency Act 1986.
Can a petition be withdrawn or dismissed?
Yes. If the underlying debt is settled, disputed on bona fide grounds, or secured, the court may dismiss the petition or allow the petitioner to withdraw it.
This report summarises a petition recorded at the Central Registry of Winding-up Petitions. Presentation of a petition is not a determination of insolvency; the outcome is a matter for the court. Companies believing they are named incorrectly should email contact@corp-intel.co.uk.