UK Accounting Glossary
A winding up petition (WUP) is a legal action taken by a creditor or creditors against a company that owes them money (although others can also petition).
In the UK, a winding-up petition is a documented presented to the court pursuing an order with the intent of a company being placed into compulsory liquidation.
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Definitions for Winding-up Petition are sourced/syndicated from:
This glossary post was last updated: 29th January 2019.