Insolvency searches for companies at the Central Registry

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Restructuring & Insolvency expert
Practice notes

Insolvency searches for companies at the Central Registry

Published by a ÀÏ˾»úÎçÒ¹¸£Àû Restructuring & Insolvency expert

Practice notes
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What is the Central Registry of Winding-up Petitions?

The Central Registry of Winding-up Petitions (the Central Registry) is a computerised register of winding-up petitions and administration applications which is maintained for all petitions or applications presented to either the insolvency and Companies List (formerly known as the Companies Court), a Chancery District Registry or the County Court.

A search at the Central Registry should reveal:

  1. •

    any petition or order for the winding-up of a company made in England and Wales, and

  2. •

    any administration application, order or appointment (including out-of-court appointments and intentions to appoint) filed in England and Wales

The Central Registry was set up because of the danger of winding-up petitions being issued twice, primarily due to the fact that jurisdiction to issue these petitions is wide. The court should be informed of any prior pending petitions before making a decision on a current petition. A petitioner who presents a second petition where there is a prior pending petition does so at risk as to costs—see para 9.2 of the

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Jurisdiction(s):
United Kingdom
Key definition:
Insolvency definition
What does Insolvency mean?

This can be defined by two alternative tests (Insolvency Act 1986, s 123):

• cash flow test: a company is solvent if it can pay its debts as they fall due, no matter what the state of its balance sheet (Re Patrick & Lyon Ltd [1933] Ch 786);

• balance sheet test: a company which can pay its debts as they fall due may be insolvent if, according to its balance sheet, liabilities (including contingent liabilities) exceed assets.

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