MIDAS CARE SOLUTIONS LTD Listed for High Court Winding-Up Petition Hearing
A winding-up petition against healthcare provider MIDAS CARE SOLUTIONS LTD (company number 10290509) has been listed for a public court hearing in the High Court of Justice, Business and Property Courts of England and Wales. The petition, filed under case reference CR-2026-004842, is scheduled to be heard on 5 August 2026 at 11:30am in Court 1 of the Rolls Building, London.
Petitions in the Insolvency and Companies List (Chancery Division) are usually presented by creditors seeking compulsory liquidation on the grounds that a company is unable to pay its debts under s.123 of the Insolvency Act 1986. The listing of a hearing is a procedural step and does not constitute a judicial ruling on insolvency.
Hearing details
| Attribute | Cause List Entry |
| :--- | :--- |
| Target Company | MIDAS CARE SOLUTIONS LTD |
| Company Number | 10290509 |
| Case Reference | CR-2026-004842 |
| Hearing Date | 5 August 2026 |
| Hearing Time | 11:30am |
| Court Venue | Court 1, Rolls Building, Fetter Lane, London |
| Court List | High Court Insolvency and Companies List (Chancery Division) |
| Hearing Purpose | Winding-Up Petition Hearing |
Company snapshot
MIDAS CARE SOLUTIONS LTD was incorporated on 21 July 2016 under the Companies Act 2006 as a private limited company. Official filings with the registrar at Companies House list its registered office address at Trafalgar House, 81- 83 Darlington Street, Wolverhampton, England, WV1 4JD.
The business operates under Standard Industrial Classification (SIC) codes:
- 86102: Medical nursing home activities
- 86900: Other human health activities
Under statutory filing requirements, small and micro-entity companies present balance sheet declarations rather than detailed profit and loss statements. Counterparties evaluating financial status should inspect official filings for recent assets, net liabilities, mortgage charges, and director reports.
Directors and ownership
Under English company law, directors hold statutory duties under Sections 171 to 177 of the Companies Act 2006, including duties to exercise reasonable care, skill, and diligence and to act in the best interests of creditors when insolvency risk arises. A review of public registers indicates the current status of serving officers, secretarial appointments, and registered Persons with Significant Control (PSCs).
Lenders and suppliers reviewing trade credit limits should examine board structure, historical resignations, and associated directorships across connected healthcare management entities.
Recent filings and Gazette activity
When a petitioning creditor presents a petition to the High Court, Rule 7.10 of the Insolvency (England and Wales) Rules 2016 requires the petition to be advertised in The Gazette unless the court orders otherwise. Advertisement serves notice to other creditors, financial institutions, and statutory bodies.
Before extending credit or delivering goods to counterparties facing legal action, commercial credit teams frequently perform a winding up petition search to verify whether active petition proceedings exist against the company.
What this means for suppliers, creditors and counterparties
Under Section 127 of the Insolvency Act 1986, any disposition of the company's property made after the commencement of the winding-up (the date the petition was presented) is void if the court subsequently issues a winding-up order, unless validated by court order. For this reason, clearing banks typically freeze corporate bank accounts once made aware of a advertised petition.
Creditor risk assessment framework
To manage credit exposure systematically when a counterparty faces a winding-up petition, credit managers and solicitors follow this practical step-by-step framework:
1. Ledger audit: Identify all outstanding balances, mature invoices, and unbilled commitments.
2. Asset protection: Check contracts for valid Retention of Title (RoT) clauses and review whether supplied equipment can be recovered legally.
3. Security verification: Run a company charge check to determine whether debenture holders or fixed/floating charge holders take priority over general unsecured debts.
4. Legal monitoring: Set up automated alerts to track court listings, Gazette notices, and Companies House filings.
5. Active intervention: Consider instructing legal representation to support or oppose the petition at the Rolls Building hearing.
Practical scenario: Commercial contract management during High Court proceedings
Consider a medical equipment vendor providing specialized equipment on monthly terms to a care facility operator facing a High Court petition. If the operator attempts to settle arrears after the petition presentation date, those funds risk clawback under s.127 unless the High Court grants a validation order under Section 127. The supplier must evaluate whether to seek direct legal advice, pause further deliveries, or monitor the cause list closely before accepting further payments.
How to investigate further
To conduct comprehensive due diligence regarding MIDAS CARE SOLUTIONS LTD, professionals should use the following primary sources:
- Access official filings and register history at Companies House.
- Review statutory advertisements published in The Gazette.
- Consult the daily High Court cause list published by HM Courts & Tribunals Service.
- Enable automated tracking via free company monitoring to receive real-time updates on corporate filings and court status changes.
FAQ
What occurs during a High Court winding-up hearing?
At the hearing, a High Court judge or ICC judge reviews the petition. The court may issue a winding-up order, dismiss the petition if the debt has been settled, adjourn the hearing to allow parties to gather evidence, or substitute another creditor as the petitioner.
Can a company trade after a winding-up petition has been presented?
Yes, trading can technically continue, but financial operations are severely constrained. Banks typically freeze account access upon learning of an advertised petition to avoid Section 127 clawback risks, making ongoing trading difficult without court validation orders.
What is the distinction between a winding-up petition and a winding-up order?
A winding-up petition is an initial application filed by a creditor alleging that a company cannot pay its debts. A winding-up order is the court's final order that officially places the company into compulsory liquidation.
How should an unsecured creditor respond when a counterparty faces a petition?
Unsecured creditors should quantify their total debt, review contract terms, determine whether to support the petitioning creditor, and check public registers to monitor the progression of court proceedings.
Disclaimer
This report summarises entries on the published court cause list. 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.