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Reported distress — not a Credit Event determination

/n VULCAN INDUSTRIES PLC: petition to wind up published in The Gazette

Source time: · added to CDSBench 25 Sep 2026, 19:00 UTC

Open the source: The Gazette ↗
Sourced facts

What happened

  • The Gazette published a notice of petition to wind up for /n VULCAN INDUSTRIES PLC on 2026-09-25.

From: The Gazette notice record (company name, notice type and publication date). Office-holder names are not stored. Source: The Gazette (Open Government Licence v3.0).

CDSBench analysis — not from the source

CDS relevance

  • A winding-up petition is a creditor's application to court; it is not yet an insolvency, and petitions are often paid off or dismissed. Under standard CDS terms, a winding-up petition presented against a reference entity can be a Bankruptcy Credit Event if it leads to a winding-up order, or is not dismissed, discharged, stayed or restrained within 30 calendar days.
  • A filing is not a Credit Event: for standard contracts only the Credit Derivatives Determinations Committee decides that, and whether single-name CDS reference this legal entity must be checked separately.
  • Most UK PLCs are not CDS reference entities; check whether contracts reference this legal entity.

What to watch next

  • The court hearing on the petition, and whether it is dismissed, adjourned or leads to a winding-up order.
  • Whether 30 calendar days pass from presentation of the petition (earlier than this Gazette date; see the notice) without it being dismissed, discharged, stayed or restrained.

General information about how CDS documentation treats this kind of event, not legal or investment advice, and not a statement that a Credit Event has occurred.

Europe · Bankruptcy & insolvency