Winding-Up Petition Presented Against BitFount Ltd
On 28 October 2026, a winding-up petition was presented against London-based software firm BitFount Ltd at the Central Registry of Winding-up Petitions under case number CR-2026-008366. The filing was recorded on the Rolls Building CE-File electronic system. Presentation of a petition is a formal notification that a creditor has commenced court proceedings, but it is not a judicial determination of insolvency. The High Court has made no winding-up order against the company.
Commercial counterparties should treat the presentation of a petition as an immediate alert to review credit terms and pending transactions. Under English insolvency law, court filings of this nature trigger statutory constraints that affect payments and corporate property.
Petition details
The table below summarises the filing data captured from the Central Registry record.
| Attribute | Detail |
|---|---|
| Case number | CR-2026-008366 |
| Court registry | Central Registry of Winding-up Petitions (CE-File) |
| Filing date | 28 October 2026 |
| Case type | Companies - Petition - Winding Up Petition |
| Petitioning creditor | [Shown in the creditor report →](#offers-creditor) |
| Petitioner's legal representative | [Shown in the creditor report →](#offers-creditor) |
| Claimed petition debt | [Check the creditor report →](#offers-creditor) |
| Listed hearing date | [Shown in the creditor report →](#offers-creditor) |
Company snapshot
According to Companies House, BitFount Ltd (company number 12390975) was incorporated on 7 January 2020. The company is registered under Standard Industrial Classification (SIC) code 62012, covering business and domestic software development. Its registered office address is 128 City Road, London, England, EC1V 2NX.
The company's statutory status remains listed as active. Historical accounts and financial figures filed on the register are [Shown in the creditor report →](#offers-creditor). For an ongoing profile of the company's corporate standing, review the BitFount Ltd company record.
Directors and ownership
The public register records five currently appointed officers and three resigned officers for BitFount Ltd.
Current officers
- Oliver James Hedaux: Director, appointed 29 January 2024. British nationality, resident in England, born October 1995.
- Anastasiia Sagaidachna: Director, appointed 10 September 2024. British nationality, resident in England, born January 1990.
- Dr Naaman Tammuz: Director, appointed 14 November 2022. British nationality, resident in England, born July 1980.
- Blaise Roger Marie Thomson: Director, appointed 7 January 2020. South African nationality, resident in England, born July 1982.
- Parkwalk Advisors Ltd: Corporate director, appointed 25 March 2025.
Resigned officers
- Jingchun Hao: Director, appointed 18 June 2021, resigned 25 May 2023. British nationality, born July 1985.
- Marius Du Plessis Swart: Director, appointed 29 January 2024, resigned 10 September 2024. American nationality, born September 1975.
- Blaise Thomson: Director, appointed 7 January 2020, resigned 8 January 2020. South African, French and British nationality, born July 1972.
Persons with significant control
The register of Persons with Significant Control (PSC) lists two active shareholding entries:
- Bluejay Holdings Ltd (company number 12390968): Corporate entity PSC notified on 7 January 2020. Holds 25% to 50% of shares and 25% to 50% of voting rights.
- Mr Blaise Roger Marie Thomson: Individual PSC notified on 18 November 2020. Holds 25% to 50% of shares and 25% to 50% of voting rights.
Historical PSC notifications registered on 7 January 2020 for Mr Blaise Roger Marie Thomson and Mr Blaise Thomson reflect initial 75% to 100% control tiers that ceased on the same date.
Recent filings and Gazette activity
As of the date of this report, no statutory advertisement regarding case CR-2026-008366 appears in The Gazette. Under Rule 7.10 of the Insolvency (England and Wales) Rules 2016, a petitioner cannot advertise a petition until at least seven business days have elapsed following formal service on the company.
Once advertised in The Gazette, financial institutions routinely freeze the target company's commercial bank accounts to prevent unauthorised dispositions of capital. Suppliers should monitor gazette notices and the daily winding-up petitions list to see if advertisement occurs.
What this means for suppliers, creditors and counterparties
The presentation of a winding-up petition introduces immediate legal risk under section 127 of the Insolvency Act 1986. Under this section, if the court subsequently issues a winding-up order, any disposition of company property made after the presentation date is void unless retrospectively or prospectively approved by a validation order.
Counterparty exposure scenario
Consider an enterprise IT infrastructure provider with ongoing monthly billings to a software developer. If the developer pays a £20,000 invoice on day fifteen following the presentation of an unadvertised petition, those funds are vulnerable. If the court grants a winding-up order at the substantive hearing, the liquidator or The Insolvency Service official receiver has a statutory duty to recover that £20,000 from the supplier as a void disposition, unless the supplier obtains an order under section 127.
Counterparty action framework
Finance directors and credit controllers handling accounts with BitFount Ltd should apply this review framework:
1. Stop unsecured credit extensions: Switch open-account terms to cash on delivery or advance payment for critical software deliverables.
2. Audit post-petition receipts: Identify any payments received on or after 28 October 2026 and segregate potential clawback exposure.
3. Monitor the court listing: Track the CE-File registry to verify whether the petition is dismissed, settled, or listed for a hearing.
4. Review retention of title: For physical hardware or proprietary intellectual property assets, review contractual security clauses.
Corp Intel corporate intelligence approach
Credit controllers traditionally track petition risk by phoning court clerks, ordering manual cause-list transcripts, or refreshing register pages daily. This manual approach creates blind spots, as court presentations precede Gazette notices and Companies House filings by several days or weeks.
Corp Intel continuously ingests filings directly from the Central Registry, allowing risk managers to identify court claims before accounts freeze. Credit professionals who need systematic protection across their customer ledger can activate free company monitoring to receive real-time alerts whenever court filings or gazetted notices alter counterparty risk.
How to investigate further
Parties assessing commercial exposure to this company should examine the filings on Companies House and watch for statutory notices in The Gazette. Where formal proof of court status is required for commercial transactions or banking covenants, counterparties can [Get a Winding Up Search Certificate →](#offers-certificate).
Before executing substantial contracts with other corporate entities, conducting a winding up search ensures that no active court applications are pending against the target entity.
For credit teams and suppliers
A winding up search is an essential credit check when negotiating extended trade credit or evaluating key commercial partners. Missing an active petition leaves trade creditors vulnerable to statutory clawback under section 127 of the Insolvency Act 1986. Carrying out a timely winding up petition search across counterparty portfolios mitigates bad debt risk before financial institutions freeze operating capital.
FAQ
Does presenting a winding-up petition mean the company is insolvent?
No. A petition is a legal claim filed by a creditor asserting an unpaid debt of £750 or more under section 122 of the Insolvency Act 1986. The company may dispute the debt on substantial grounds, seek an adjournment, or settle the claim prior to any court determination.
When does a company's bank account get frozen?
Banks generally freeze accounts once they become aware of the petition, which most commonly occurs when notice is published in The Gazette. However, some institutional lenders scan court registries directly and may freeze accounts earlier to avoid potential void dispositions.
What is a section 127 validation order?
A validation order is an order granted by the High Court under section 127 of the Insolvency Act 1986 that allows a company to dispose of assets or make payments after a petition has been presented. It protects payees from having transactions clawed back if a winding-up order is subsequently made.
Can a winding-up petition be withdrawn before the hearing?
Yes. If the company pays the debt or demonstrates that the claim is subject to a genuine dispute, the petitioner can apply for permission from the court to withdraw the petition before it is heard.
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.