Finsgate Contracting Faces Winding-Up Petition
A winding-up petition has been presented against Finsgate Contracting Limited in the High Court of Justice. Records published by the Central Registry of Winding-up Petitions confirm that the petition was registered on 21 October 2026 under case reference CR-2026-008176.
The presentation of a petition represents the formal commencement of court proceedings by an applicant. It is not a determination of insolvency by the court, nor does it guarantee that a winding-up order will be made. The matter will proceed to a hearing before an Insolvency and Companies Court Judge unless withdrawn, settled, or struck out prior to listing.
Petition details
The table below outlines the core filing details recorded on the court system:
| Case Attribute | Court Record Details |
| :--- | :--- |
| Company Name | Finsgate Contracting Limited |
| Court Case Number | CR-2026-008176 |
| Filing Date | 21 October 2026 |
| Case Type | Companies - Petition - Winding Up Petition |
| Court | Central Registry of Winding-up Petitions (CE-File) |
| Petitioning Creditor | [Shown in the creditor report →](#offers-creditor) |
| Petitioner's Solicitor | [Shown in the creditor report →](#offers-creditor) |
| Claimed Debt Amount | [Check the creditor report →](#offers-creditor) |
Company snapshot
Corporate registry records from Companies House show that Finsgate Contracting Limited (company number 15924602) was incorporated on 29 August 2024. Its registered office is recorded at 51 First Avenue, Canvey Island, United Kingdom, SS8 9LR.
The company is registered under Standard Industrial Classification (SIC) code 78300, which covers "Human resources provision and management of personal functions".
Public register filings reflect the company's status as "active - proposal to strike off". As a business incorporated in late 2024, no annual balance sheets, turnover figures, or auditor statements have yet fallen due or been filed on the public register. Financial balances are therefore not stated in published sources.
Directors and ownership
The public register records the following directorship and shareholding details:
- Miss Kate-Louise Murphy: Appointed as a director on 27 December 2024. The register states her nationality as British, country of residence as the United Kingdom, and month and year of birth as June 1994. The register of Persons with Significant Control (PSC) notes Miss Murphy as holding between 75% and 100% of the company's shares and voting rights, alongside the right to appoint and remove directors, effective from 27 December 2024.
- Mr Azher Ul Hasan Chowdhoury: Appointed as a director on 29 August 2024 and ceased office on 27 December 2024. The register records his nationality as Bangladeshi, country of residence as England, and month and year of birth as January 1991. Public filings confirm his PSC notification of 75% to 100% ownership ceased concurrently on 27 December 2024.
These entries represent public filings held on the statutory register. They do not imply any finding of fault, insolvency, or wrongdoing on the part of any individual.
Recent filings and Gazette activity
Companies House currently lists the business under an active proposal to strike off. Compulsory strike-off notices are typically published in The Gazette under Section 1000 of the Companies Act 2006 when statutory filings are overdue.
When a formal winding-up petition is filed at the High Court, compulsory strike-off action is suspended. Court proceedings take precedence to ensure assets are protected for the general body of creditors if an order is made.
What this means for suppliers, creditors and counterparties
The presentation of a winding-up petition is the earliest public indicator of legal debt recovery via compulsory liquidation. For counterparties, continuing to trade on unsecured credit terms introduces significant risk.
Under Section 127 of the Insolvency Act 1986, any disposition of company property made after the date of presentation is void if a winding-up order is subsequently made, unless validated by court order. This means payments received by suppliers between the filing date and the hearing date may be subject to clawback claims by an appointed liquidator.
Practical Exposure Assessment Framework
Credit risk professionals categorise counterparty relationships upon learning of a petition filing using the following criteria:
| Exposure Level | Relationship Category | Commercial Action |
| :--- | :--- | :--- |
| High Risk | Unsecured suppliers with unpaid invoices on standard credit terms | Halt credit lines immediately, switch to cash-on-delivery, and verify whether goods can be reclaimed under retention of title clauses. |
| Medium Risk | Ongoing service providers holding rolling monthly contracts | Review contract cancellation clauses, request proof of validation orders for forward payments, and assess substitution options. |
| Controlled Risk | Secured lenders holding registered fixed and floating charges | Review asset cover, examine debenture covenants, and assess whether default conditions have been triggered. |
Scenario: The Impact of Section 127
Consider an equipment supplier delivering goods to a contractor on 30-day terms. If the contractor remits £15,000 to clear an overdue invoice three weeks after a petition has been presented, and the court later makes a winding-up order, that transaction is void under Section 127. The Official Receiver or liquidator can demand repayment of the £15,000 back to the company's estate, leaving the supplier to rank as an unsecured creditor alongside other claimants.
Action Checklist for Trade Creditors
1. Verify your open balance: Reconcile all outstanding ledgers and verify contract terms immediately.
2. Freeze discretionary credit: Transition all pending and future orders to payment upfront via clear funds.
3. Assess retention of title (ROT): Confirm whether delivered goods have valid ROT clauses that permit recovery before a hearing.
4. Monitor court listings: Track updates to the case via today's winding-up petitions list to see when the petition is advertised or heard.
For credit teams and suppliers
Credit teams often discover a winding-up petition weeks after filing, usually when the company's bank accounts freeze following advertisement in The Gazette. Relying solely on historical financial filings or standard scorecards leaves commercial teams exposed during the critical gap between court filing and advertisement. Conducting a routine winding up search on counterparties prior to major credit extensions avoids inheriting post-petition clawback risk.
Corporate intelligence professionals traditionally spend hours contacting the court rolls or scanning unstructured gazette notices. A winding up petition search allows commercial teams to identify filings before public advertisement occurs. To protect your ledger across counterparties, conduct a formal winding up search or set up free company monitoring for live risk alerts.
How to investigate further
Counterparties assessing risk on Finsgate Contracting Limited can verify filing progress through several official channels:
- Companies House Service: Check for filings, including any register updates or statutory accounts, via the Companies House Register.
- The Gazette: Review upcoming editions of The Gazette to check whether the petition has been formally advertised.
- Formal Proof of Search: Parties requiring court-certified confirmation of pending insolvency matters can [Get a Winding Up Search Certificate →](#offers-certificate).
FAQ
What does the presentation of a winding-up petition mean?
The presentation of a winding-up petition means that a creditor has formally applied to the High Court for an order to place the company into compulsory liquidation. It indicates that formal legal action has commenced, but it does not mean the company is in liquidation or that the court has ruled on the petition.
Can a company trade after a winding-up petition is presented?
A company can legally continue trading, but operations are severely constrained. Under Section 127 of the Insolvency Act 1986, any asset transfers or payments made after the presentation date are void if a winding-up order is eventually granted, unless approved by a court validation order.
How long does it take from petition presentation to a hearing?
A hearing date is typically listed several weeks to months after the filing date. During this window, the petitioner must serve the petition on the company, and the parties may negotiate, resolve the debt, or proceed to court.
When is a winding-up petition advertised?
Under the Insolvency (England and Wales) Rules 2016, a petitioning creditor cannot advertise the petition in The Gazette earlier than seven business days after serving the petition on the company, and must advertise it at least seven business days before the hearing date.
Does a petition stop a Companies House strike-off?
Yes. When a winding-up petition is recorded against a company, the Registrar of Companies suspends compulsory strike-off action. This ensures the liquidation court process takes precedence and potential recoveries are preserved for creditors.
Disclaimer
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.