Winding-Up Petition Presented Against Legtrade Limited

A petition for the compulsory winding up of Legtrade Limited (Company Number 01871832) was presented to the High Court of Justice on 22 September 2026 under case number CR-2026-007292, according to records from the Central Registry of Winding-up Petitions. The presentation of a petition is a formal court filing and does not constitute a legal determination of insolvency, nor does it guarantee that a winding-up order will be made.

Petition details

The court filing details recorded on the Central Registry court cause list (CE-File public search) are as follows:

Company snapshot

According to statutory filings at Companies House, Legtrade Limited is an active private limited company incorporated on 14 December 1984.

Directors and ownership

Public filings at Companies House record the following officers and ownership details:

These officer details reflect historical and current entries on the public register. The filing of a court petition against a corporate entity carries no implication regarding the personal conduct, solvency, or motives of any current or former officer or shareholder.

Recent filings and Gazette activity

No recent statutory insolvency notices under the Insolvency Act 1986 for Legtrade Limited were recorded in The Gazette at the time of publication. Daily petition listings across English and Welsh courts can be tracked on today's cause list.

What this means for suppliers, creditors and counterparties

The presentation of a winding-up petition under Section 122(1)(f) of the Insolvency Act 1986 is the earliest public indicator of legal action seeking compulsory liquidation. Under Section 127 of the Insolvency Act 1986, any disposition of company property or payment made after the petition presentation date is void unless validated by court order if a winding-up order is subsequently made.

| Party Category | Risk Exposure | Recommended Action |

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

| Trade Creditors | High (risk of void payments under s.127) | Review unsecured credit lines; request pro-forma payment terms. |

| Lenders & Secured Parties | Medium to High | Review security register; verify fixed and floating charges. |

| Subcontractors / Clients | Medium | Evaluate ongoing project delivery commitments and performance obligations. |

When managing counterparty risk, executing a formal winding up search allows credit managers to detect pending filings across court registries before extending terms. Performing a regular winding up search provides early visibility prior to public advertisement in The Gazette.

How to run a winding up petition search

Credit controllers and legal advisers investigating potential exposure should follow a structured due diligence workflow:

1. Conduct a court registry review to check for active petition filings across High Court divisions.

2. Inspect official Companies House records for recent change filings, charge registrations, or officer resignations.

3. Enable free company monitoring to receive real-time alerts on statutory filings and court updates.

Case scenario: Managing counterparty exposure on petition notification

In commercial practice, when a supplier discovers that a petition has been presented against a trading partner, immediate risk ranking is essential. For example, a construction supplier delivering materials to a building developer upon discovering a court filing must assess whether pending invoices could be subject to section 127 clawback risks. By performing a targeted winding up petition search, credit teams can confirm petition filing details and adapt delivery terms before a formal hearing takes place.

For credit teams and suppliers

Credit managers monitoring commercial counterparties should check Central Registry cause lists regularly. Identifying petitions at the presentation stage helps prevent invalid property dispositions and reduces exposure to unrecoverable debt. Use free company monitoring to automate statutory tracking across key accounts.

FAQ

What happens after a winding-up petition is presented?

After a petition is presented at court, it must be served on the company. The court sets a hearing date. If the petitioning debt remains unpaid and the court grants the petition at the hearing, a winding-up order is issued, placing the company into compulsory liquidation.

Does presenting a petition mean the company is insolvent?

No. Presentation of a petition is an allegation of an unpaid debt or an inability to pay debts as they fall due under section 123 of the Insolvency Act 1986. The target company may dispute the underlying debt, settle the claim, or apply to court to dismiss the petition.

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

Under the Insolvency (England and Wales) Rules 2016, a petition is usually advertised in The Gazette no less than seven business days after service on the company and at least seven business days prior to the court hearing, unless restrained by court order.

What is the effect of Section 127 of the Insolvency Act 1986?

Section 127 renders any disposition of company assets or payments from bank accounts made after the petition presentation date void if a winding-up order is ultimately granted, unless validated by court order.

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.

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