winding-up

noun

1. the process of finishing or closing something, esp the process of closing down a business

Example Sentences

In November 2015, the club was sold to Kelvin Thomas and the Cobblers avoided a winding-up petition over an unpaid debt to HMRC, allowing focus to return to the pitch.

From BBC

Rival developers Country Garden and Shimao have also been hit with a winding-up petitions in the city.

From BBC

Hull Combined Court heard the process, known as a winding-up petition which was started by Hull City Council, had stalled because the council could not reach those running Legacy Independent Funeral Directors.

From BBC

During the court hearing, solicitor advocate Paul Thompson, representing Hull City Council, said the winding-up petition could "not be served" under the insolvency rules because the council could not reach either the director or employee of the company.

From BBC

"In essence there's no one from the company managing the business affairs on that basis to serve a winding-up petition," he said.

From BBC

Related Words

• concluding