Perpet'ual Universal Faces Winding-Up Petition

A winding-up petition has been presented against South Croydon restaurant operator Perpet'ual Universal Limited under case reference CR-2026-008113. HMCTS CE-File records confirm the petition was filed on 23 October 2026 at the Central Registry of Winding-up Petitions. The presentation of a winding-up petition is an initial procedural step by an applicant creditor and does not constitute a judicial determination of insolvency.

Creditors and commercial counterparties can cross-reference recent court listings using the daily winding-up petitions list or track updates directly on the company's Corp Intel profile.

Petition details

Company snapshot

According to Companies House, Perpet'ual Universal Limited (company number 03622883) was incorporated on 27 August 1998. The business trades under SIC code 56101 (licensed restaurants) and maintains its registered office at 32 Selsdon Road, South Croydon, England, CR2 6PB. The corporate register records the entity status as active.

Financial figures including turnover and balance sheet totals are [Shown in the creditor report →](#offers-creditor). For transactions requiring formal verification, parties can [Get a Winding Up Search Certificate →](#offers-certificate).

Directors and ownership

Public register filings at Companies House disclose the following officers and persons with significant control:

Under the Persons with Significant Control (PSC) register, Miss Sherwaye Germaye was notified on 8 September 2025 as holding 75% to 100% of shares. Mr Dragisa Ilic previously held 75% to 100% of shares from 6 April 2016 until cessation was recorded on 10 September 2025.

Recent filings and Gazette activity

No formal notices concerning the presentation of this petition have appeared in The Gazette. Statutory advertisement typically occurs at least seven business days after service under the Insolvency (England and Wales) Rules 2016. Other Companies House filings remain accessible on the public register.

What this means for suppliers, creditors and counterparties

Under Section 127 of the Insolvency Act 1986, any disposition of company property made after the presentation of a petition is void if a winding-up order is subsequently made, unless validated by the court. Banks regularly freeze company bank accounts once aware of a petition or its advertisement in The Gazette.

Credit controllers and commercial partners should assess credit limits and payment terms immediately. A practical exposure framework includes:

1. Quantify current ledger exposure and establish whether title retention clauses apply to delivered goods.

2. Request proof of payment or court validation orders before releasing further stock or services.

3. Monitor the High Court cause list to verify whether the petition proceeds to a hearing or is withdrawn.

4. Conduct a winding up search when verifying counterparties across an entire supply chain.

| Assessment Area | Primary Risk | Mitigation Measure |

| :--- | :--- | :--- |

| Open Receivables | Statutory voiding under IA 1986 s.127 | Require cleared funds or third-party guarantee |

| Ongoing Supply | Default on delivery commitments | Move to pro-forma or cash-on-delivery terms |

| Corporate Security | Subordination to primary claims | Conduct a company charge check |

Practical scenario: Supply chain review

A food wholesale supplier with £15,000 in trade credit outstanding to a hospitality operator receives notice of a petition. Instead of waiting for an advertisement in The Gazette, the finance director checks CE-File to verify the filing date, halts discretionary credit extensions, and enforces retention of title provisions. Identifying the filing early protects the trade creditor from delivering additional goods that could become trapped in an eventual compulsory liquidation.

For credit teams and suppliers

Early discovery of court actions prevents unsecured bad debt from accumulating on trade ledgers. Credit managers conducting major onboarding checks or contract renewals should standardise an independent winding up search before authorising extended terms. When ongoing visibility across existing counterparties is required, teams can configure free company monitoring to receive automated filing alerts.

Corporate intelligence professionals traditionally gather this data by cross-checking Companies House records, reviewing court cause sheets manually, and searching gazetted notices. Corp Intel centralises court filing telemetry, PSC history, and corporate registry filings into a defensible single view.

How to investigate further

Counterparties seeking to confirm developments should inspect official public registers directly:

FAQ

What is the legal effect of presenting a winding-up petition?

Presentation marks the formal commencement of winding-up proceedings in the court. It does not mean the company is in liquidation, but it triggers Section 127 restrictions which place dispositions of property at risk of avoidance if an order is ultimately granted.

When is a winding-up petition advertised?

Under the Insolvency (England and Wales) Rules 2016, a petition cannot usually be advertised in The Gazette until seven business days after service on the company. The petitioner must advertise at least seven business days before the scheduled hearing date.

How does a company stop a petition from proceeding?

A company may pay the undisputed debt, agree an out-of-court settlement, dispute the debt on substantial grounds, or apply for an injunction to restrain advertisement. Professional guidance on handling such actions can be seen in our guide on how to stop a winding up petition.

What happens if an order is made at the hearing?

If the court issues an order, the Official Receiver becomes liquidator initially, company operations cease under existing management, and control passes to the liquidator to realise assets for creditors. Creditors can verify final outcomes via a winding up order search.

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.

View the company profile on CorpIntel