Winding-Up Petition Against Billion FM Limited

A winding-up petition was presented against Billion FM Limited on 27 October 2026 under case number CR-2026-008318 at the Central Registry of Winding-up Petitions. Presentation of a petition is a formal court filing and does not constitute a judicial determination of insolvency. The matter remains pending before the court.

Creditors, lenders and commercial counterparties track petition filings because they represent the earliest formal signal of disputed or unpaid commercial debt before court hearings or statutory advertisements occur. The daily record of these filings is available on the Corp Intel daily cause list.

Petition details

The details recorded on the public CE-File roll for this filing include:

Company snapshot

Records from the Companies House register show the following operational details for the company:

Public filings list an active compulsory strike-off proposal against the company. A winding-up petition typically supersedes administrative strike-off procedures under the Companies Act 2006 s.1000, as Companies House will suspend dissolution once notified of active court insolvency proceedings. To examine historical filing records, view the Billion FM Limited profile on Corp Intel.

Directors and ownership

The Companies House register contains entries for the following officers and persons with significant control (PSCs):

Current officers

Past officers

Persons with significant control

These details reflect historical public register entries. An individual's appointment to a company's board carries no statutory implication of personal liability or involvement in the petition debt.

Recent filings and Gazette activity

No recent statutory insolvency notices have appeared in The Gazette in respect of this petition to date. Under the Insolvency (England and Wales) Rules 2016, a petitioner must wait at least seven business days following service of the petition before advertising the hearing in The Gazette, unless the court orders otherwise.

| Filing / Notice Type | Status on Record | Details |

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

| Winding-up petition | Filed | Presented 27 October 2026 (Case CR-2026-008318) |

| Strike-off proposal | Active | Proposal to strike off registered at Companies House |

| Gazette advertisement | None recorded | Not advertised as of 28 October 2026 |

| Charges / Mortgages | None notified | Not stated in the published source |

What this means for suppliers, creditors and counterparties

Presentation of a winding-up petition triggers immediate legal risks under Insolvency Act 1986 s.127. Under section 127, any disposition of company property made after the presentation of the petition is void if a winding-up order is subsequently made, unless validated by the court.

Commercial banks regularly freeze corporate bank accounts upon learning of a petition to prevent exposure to void transactions under section 127. Consequently, counterparties trading with the company should review their operational exposure.

Credit exposure decision framework

1. Verify exposure: Calculate current trade receivables, work in progress, and unbilled deliveries.

2. Review payment terms: Shift from open credit terms to pro-forma payments or cash on delivery where contractual terms allow.

3. Assess retention of title (ROT): Confirm whether existing supply contracts include enforceable ROT clauses and identify physical inventory on site.

4. Check security: Determine if debt is secured by registered debentures or personal guarantees.

5. Monitor filings: Set up automated alerts to catch Gazette advertisements, hearing dates, or validation orders.

Practical scenario: Section 127 risk

Consider a wholesale trade supplier holding £25,000 in unpaid invoices. If the supplier delivers further inventory on standard 30-day terms after 27 October 2026, and receives payment from the company's bank account, that payment is vulnerable. If the court makes a winding-up order, an appointed liquidator can demand repayment from the supplier under section 127 unless the company secured a validation order from the court prior to payment.

How to run a winding up petition search

Legal and finance teams investigating an entity should verify whether other active actions exist. A routine winding up search across the Central Registry identifies filings before they appear in public Gazette notices or Companies House filings.

Traditionally, credit analysts checked multiple platforms, cross-referencing Companies House filing histories with phone calls to the Royal Courts of Justice search desk. Corp Intel centralises court filing feeds, Gazette publications, and Companies House changes into an auditable intelligence dashboard. Where formal proof of status is required for commercial transactions, professionals can [Get a Winding Up Search Certificate →](#offers-certificate).

For counterparties requiring ongoing risk surveillance, automated systems like free company monitoring deliver real-time notices when strike-off actions, Gazette notices, or director changes are lodged.

For credit teams and suppliers

Credit underwriters and risk managers conducting counterparty checks require early notice of court claims. A formal winding up search conducted before extending new credit lines prevents exposure to frozen bank accounts and void dispositions. When evaluating trading terms, missing an active Central Registry filing exposes trade creditors to severe recovery haircuts in compulsory liquidation.

Frequently asked questions

What is the Central Registry of Winding-up Petitions?

The Central Registry is the court roll maintained by the High Court of Justice in England and Wales. It records all winding-up petitions filed across the Royal Courts of Justice and regional Insolvency and Companies Courts.

Does a petition mean the company is entering liquidation?

No. A petition is an application by a creditor seeking a court order. The debtor company may pay the debt, dispute the debt on substantial grounds, agree to a settlement, or seek a validation order or restructuring moratorium.

Why does Companies House show an active proposal to strike off?

Companies House initiates compulsory strike-off when a business fails to submit statutory annual accounts or confirmation statements. When a creditor files a petition, the court process takes precedence, and the registrar typically suspends strike-off action upon notification.

When is a winding-up petition advertised in The Gazette?

Under the Insolvency (England and Wales) Rules 2016, a petition cannot be advertised until at least seven business days after service on the company. Advertisement must occur at least seven business days before the scheduled court hearing.

What happens to company payments after the petition date?

Under section 127 of the Insolvency Act 1986, dispositions of company property made after the filing date are void if a winding-up order is eventually granted, unless specifically validated by the court.

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.

View the company profile on CorpIntel