Winding up proceedings are one of the most powerful tools available to creditors—but only when used strategically. This insight explains how statutory demands and winding up petitions work, when they are appropriate, and how a measured, commercially focused approach can help secure payment while avoiding unnecessary legal cost and risk.

Directors today operate under unprecedented scrutiny — from stricter Companies Act duties to evolving compliance demands and rapidly shifting commercial risks. Even experienced leaders can fall into avoidable mistakes that expose both the company and the board personally. This article explores the most common errors directors make, the real consequences they carry, and the practical steps every board should take to avoid them.