Winding-Up Petition Listed for Innovation Creative Ltd (CR-2026-004575)
A petition to wind up Innovation Creative Ltd (company number 09027435) has been listed for hearing on 29 July 2026 at 11:30am in Court 1 of the Rolls Building, London, before the High Court of Justice (Chancery Division, Insolvency and Companies List). The proceedings, brought under case number CR-2026-004575, represent a statutory application under the Insolvency Act 1986 to place the advertising agency into court-ordered liquidation.
Hearing details
The hearing is scheduled on the daily cause list for the High Court Insolvency and Companies List as follows:
| Attribute | Detail |
| :--- | :--- |
| Case Number | CR-2026-004575 |
| Court / Venue | Court 1, Rolls Building, 7 Rolls Buildings, Fetter Lane, London, EC4A 1NL |
| Jurisdiction | High Court of Justice, Business and Property Courts (Chancery Division) |
| Listing Date & Time | 29 July 2026 at 11:30am |
| Matter Type | Winding-up Petition |
| Target Entity | Innovation Creative Ltd (Company No. 09027435) |
Company snapshot
Innovation Creative Ltd was incorporated on 7 May 2014 as a private limited company registered in England and Wales. The company operates under Standard Industrial Classification (SIC) code 73110 for advertising agencies, maintaining its registered office at 86-90 Paul Street, London, EC2A 4NE.
Under the Companies Act 2006, companies must file annual accounts and confirmation statements according to strict statutory deadlines. Creditors and commercial counterparties should regularly inspect public balance sheets via the Companies House register to monitor capital reserves, working capital ratios, and trade payables. When analyzing service sector businesses, sudden movements in trade creditors or unfiled accounts often serve as early indicators of commercial pressure prior to formal court petitions.
Directors and ownership
Public filings at Companies House disclose the statutory directors and Persons with Significant Control (PSCs) responsible for the governance of Innovation Creative Ltd. Officers of UK companies owe fiduciary obligations under sections 171 to 177 of the Companies Act 2006, including the duty to exercise reasonable care, skill, and diligence, and the duty to promote the success of the company for the benefit of its members as a whole.
When a company faces potential insolvency, the primary focus of directors' statutory duties shifts from shareholders to protecting the general body of creditors. Directors who allow a business to continue trading and incurring fresh credit while knowing there is no reasonable prospect of avoiding insolvent liquidation risk personal liability under section 214 of the Insolvency Act 1986 for wrongful trading.
Recent filings and Gazette activity
Statutory notices regarding corporate insolvency and compulsory petitions are published in The Gazette in accordance with the Insolvency (England and Wales) Rules 2016. Under Rule 7.10, a petitioning creditor must advertise notice of a winding-up petition no less than seven clear business days after serving the petition on the target company, and no less than seven clear business days prior to the listed court hearing.
Publication in The Gazette serves formal notice to financial institutions, commercial counterparties, and the wider market. Once a petition is advertised, banks typically freeze the company's operating bank accounts to avoid exposure under Section 127 of the Insolvency Act 1986.
What this means for suppliers, creditors and counterparties
Section 127 of the Insolvency Act 1986 provides that any disposition of company property made after the presentation of a winding-up petition is void unless the court orders otherwise via a formal validation order under Section 127. This statutory provision creates substantial legal and financial exposure for commercial counterparties doing business with a company subject to an active petition.
Practical worked scenario: Section 127 exposure
Consider a media owner or subcontractor supplying creative services to Innovation Creative Ltd under standard 30-day terms. If the agency pays an outstanding invoice of £25,000 using company bank funds after the petition presentation date (CR-2026-004575), and the court subsequently makes a compulsory winding-up order, the liquidator is legally required to recover that £25,000 from the media owner. The payment represents a void disposition of company property, leaving the supplier forced to repay the funds and claim as an unsecured creditor in the liquidation.
Creditor risk management framework
When a commercial counterparty is named in High Court winding-up proceedings, credit risk managers should immediately execute the following decision framework:
1. Place an immediate credit hold: Cease extending uncollateralised credit, pause active campaign deliverables, and request advance cash payments on orders.
2. Verify petition status: Perform a formal winding up petition search to establish the exact petition presentation date and identify the petitioning party.
3. Assess Section 127 vulnerability: Review all receipts and property transfers executed after the petition date to identify potential preference or void disposition exposure.
4. Monitor court proceedings: Track whether the hearing results in a winding-up order, dismissal, adjournment, or substitution of another petitioning creditor.
5. Implement automated surveillance: Establish free company monitoring on the target entity to receive real-time notifications of new filings, court orders, or Gazette publications.
How to investigate further
Legal directors and risk teams historically spent significant billable hours manually scraping the daily High Court cause lists, purchasing sporadic registry documents, and cross-checking physical gazette listings. This manual approach frequently missed critical petition filings in the crucial window between presentation and public advertisement.
Using specialized risk intelligence platforms like Corp Intel, risk management professionals gain immediate access to structured corporate data. You can inspect the Innovation Creative Ltd profile to view historical corporate filings, charge registers, officer records, and court listings in a single unified dashboard.
FAQ
What happens at a High Court winding-up petition hearing?
At the listed hearing in Court 1 of the Rolls Building, the presiding Insolvency and Companies Court Judge hears representations from the petitioner and target company. The court may grant the winding-up order, dismiss the petition, adjourn the hearing to allow settlement, or substitute another qualifying creditor as petitioner.
Does listing a petition mean the company is automatically insolvent?
No. The presentation or listing of a petition is a court application by a creditor asserting an unpaid debt exceeding £750 under section 123 of the Insolvency Act 1986. Insolvency is a legal determination made by the court upon hearing evidence.
How can a company challenge or stop a winding-up petition?
If a debt is disputed on genuine and substantial grounds, the company can apply to the High Court to restrain advertisement or dismiss the petition. Alternatively, the company may pay the undisputed debt, agree terms with the petitioner, or seek a validation order to maintain bank account operations.
Can a trade supplier safely accept payment from a company facing a petition?
Only if the payment was authorised by the court through a validation order under Section 127 of the Insolvency Act 1986. Without a validation order, any payment received after the petition date can be clawed back by an appointed liquidator.
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.