Winding-up Petition Listed for Red Ribbon Asset Management Plc
Red Ribbon Asset Management Plc was listed for a High Court winding-up petition hearing under case number CR-2026-004169 on 16 July 2026 at 10:30am in Court 4 of the Rolls Building. The listing follows legal action brought under the Insolvency Act 1986 in the Chancery Division (Companies Winding Up).
Hearing details
The table below outlines the cause list details published by the High Court of Justice:
| Attribute | Detail |
| :--- | :--- |
| Company Name | Red Ribbon Asset Management Plc |
| Company Number | 06228303 |
| Case Number | CR-2026-004169 |
| Court | High Court of Justice (Chancery Division, Companies Winding Up) |
| Venue | The Rolls Building, Court 4, Fetter Lane, London |
| Hearing Date | 16 July 2026 |
| Hearing Time | 10:30am |
| Case Type | Winding-up Petition |
Company snapshot
Incorporated on 26 April 2007, Red Ribbon Asset Management Plc is an active public limited company registered under company number 06228303. The entity maintains its registered office at 16 Berkeley Street, London, England, W1J 8DZ. According to entries on the Companies House register, the company trades under Standard Industrial Classification (SIC) code 64205, covering activities of financial services holding companies.
While public registry records confirm the active registration status of the company, the appearance of an entry on the court cause list indicates that a creditor has presented a formal petition to wind up the business. Under Section 123 of the Insolvency Act 1986, a corporate entity may be deemed unable to pay its debts if a statutory demand exceeding £750 remains unpaid for 21 days or an executed court judgment is returned unsatisfied in whole or in part. Holding company structures present distinct risk factors for counterparties, as parent-level insolvency proceedings can restrict intercompany funding lines, trigger cross-default provisions in financing facilities, and halt liquidity distribution across subsidiary networks.
Directors and ownership
The ownership profile recorded on the public register reflects filings made under the Persons with Significant Control (PSC) regime of the Companies Act 2006. According to statutory filings submitted to Companies House:
- Mr Suchit Punnose: Recorded as holding between 25% and 50% of shares and between 25% and 50% of voting rights. Notified on 31 December 2017, with status listed as active on the public register.
- Mr Raza Ali Khan: Recorded as having held between 25% and 50% of shares and between 25% and 50% of voting rights. Notified on 30 June 2016, with cessation recorded on 30 May 2018.
Corporate intelligence assessments require cross-referencing registered equity control alongside registered security interests to understand financial claims against corporate assets during formal court proceedings.
Recent filings and Gazette activity
Under Rule 7.10 of the Insolvency (England and Wales) Rules 2016, a petitioning creditor is required to publish a statutory notice of the petition in The Gazette at least seven clear business days prior to the court hearing, unless the High Court orders otherwise. High Court cause list listings routinely precede public advertisement in The Gazette by days or weeks.
Detecting a petition listing at the cause list stage gives institutional creditors, suppliers, and professional advisers early notice before automated bank freezes take effect. Monitoring statutory filings and court proceedings allows credit management teams to adjust trade credit terms and secure collateral before formal restrictions restrict counterparty cash flows.
What this means for suppliers, creditors and counterparties
The presentation of a winding-up petition under Section 124 of the Insolvency Act 1986 engages statutory restrictions under Section 127 of the Insolvency Act 1986. Section 127 stipulates that any disposition of the company's property, any transfer of shares, or any alteration in the status of the company's members made after the petition presentation date is void in the event that a compulsory winding-up order is made by the court.
Financial institutions routinely freeze corporate bank accounts upon identifying a petition on the cause list to mitigate potential Section 127 clawback liabilities. A company seeking to trade during pending petition proceedings must petition the High Court for a validation order under Section 127 to authorise specific payroll, supplier, or trade transactions.
Scenario: Managing counterparty exposure
Consider a corporate IT advisory firm providing enterprise software under a £75,000 contract to a financial holding group. The advisory firm's risk manager conducts daily cause list checks and identifies a winding-up petition filed against the corporate group two weeks before delivering a major software release.
By detecting the court listing prior to statutory publication in The Gazette, the advisory firm pauses software deployment and requires payment in advance or bank guarantees. Halting performance prevents the supplier from becoming an unsecured creditor in a potential compulsory liquidation, demonstrating the practical value of monitoring High Court listings over reliance on static registry records.
Creditor risk assessment checklist
When managing counterparty risk following a court petition listing, credit professionals and legal advisers should execute a structured assessment workflow:
1. Audit outstanding credit: Identify all uncollected invoices, active purchase orders, and unfulfilled service agreements.
2. Review secured charges: Execute a comprehensive company charge check on Companies House to evaluate fixed and floating charge priorities.
3. Verify transaction validity: Require court-sealed validation orders before accepting payments or completing asset transfers after the petition date.
4. Monitor court schedules: Track pending hearing dates via today's winding-up petitions list to follow adjournments or judicial decisions.
5. Evaluate intercompany exposure: Review group cross-guarantees, parent corporate guarantees, and contractual default clauses across trading subsidiaries.
How to run a winding up petition search
Traditional credit monitoring relies on periodic checks across Companies House filings, Gazette notices, and judgment registries. Manual reviews frequently miss critical time windows between initial court filing, cause list publication, and statutory advertisement.
Executing a routine winding up search or a targeted winding up petition search consolidates High Court cause lists, Gazette publications, and corporate registry records into a single intelligence output. Counterparties can verify court listings, cross-reference officers against the official roll, or establish free company monitoring to receive automated notifications regarding new filings. Performing a systematic winding up search enables credit managers to identify legal risks before counterparty account freezes impede ongoing business operations.
For conveyancers, lawyers and lenders
Solicitors, commercial lenders, and M&A advisers must perform thorough debt and insolvency checks prior to contract exchange, loan drawdowns, or asset completions. Failure to identify a pending petition before completion can lead to setting aside property transfers or invalidating security under Section 127 of the Insolvency Act 1986. Performing a timely winding up search eliminates completion risk by verifying that no petition has been presented against the counterparty in the High Court.
FAQ
What triggers a High Court winding-up petition?
A petition is typically presented by a creditor following an unpaid statutory demand exceeding £750 under Section 123 of the Insolvency Act 1986, or after a court judgment remains unsatisfied upon execution by enforcement officers.
How does Section 127 affect payments received after the petition date?
Section 127 voids post-petition dispositions of property if a compulsory winding-up order is made. Liquidators can recover funds remitted to creditors during this period unless the High Court granted a validation order authorising the transaction.
What is a court validation order?
A validation order is a High Court sanction granted under Section 127 of the Insolvency Act 1986. It authorises specific bank transfers or asset dispositions, allowing a company to continue trading and paying staff pending the petition hearing.
Why does a pending petition not appear immediately on Companies House?
Companies House records corporate filings and formal court orders, such as winding-up orders (Form WU01). Presentation of a petition is a High Court procedural step recorded on court cause lists before statutory insolvency filings are lodged.
Can a winding-up petition be dismissed before the court hearing?
Yes. The High Court may dismiss or permit the withdrawal of a petition if the underlying debt is settled, secured, or demonstrated to be subject to a genuine, bona fide dispute on substantial grounds.
How do parent company petitions impact corporate subsidiaries?
While a petition against a holding company does not directly place trading subsidiaries into liquidation, parent-level proceedings can trigger cross-default clauses in loan agreements, restrict intercompany cash pooling, and disrupt group credit facilities.
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.