This is a statutory demand against a company under the Insolvency Act 1986 s.123. The template is included in every Buzz Legal subscription.
Insolvency Act 1986 s.123(1)(a): a company is deemed unable to pay its debts if a creditor to whom it is indebted in a sum EXCEEDING £750 then due has served a written demand IN THE PRESCRIBED FORM by leaving it at the company's registered office, and the company has for THREE WEEKS thereafter neglected to pay, secure or compound for it. Insolvency (England and Wales) Rules 2016 Part 7 — the demand must be in the prescribed form. Checked 1 Sep 2026.
A statutory demand is an insolvency step. Serving one for a debt the other side genuinely disputes can be an abuse of process: the company can apply to restrain a winding-up petition and you can be ordered to pay their costs. Only use it where the debt is undisputed and over £750, and take advice first if there is any argument about it at all.
Read it against your own business before you issue it, and change what does not fit. If the other side has already threatened a claim, that is a dispute, and it goes to AD Solicitors.
The document has 2 numbered sections:
Everything in square brackets is a blank for you to complete: names, dates, figures and the terms particular to your business. Read the whole document before you send it, and check the clauses on what happens when something goes wrong against how your business works.
If a clause does not apply, delete it.
All 101 documents in the library are included in every Buzz Legal plan and updated as the law changes, and every plan lets you ask legal questions as they come up. Plans start at £49 +VAT a month and you can cancel the first two at any time.
We draft your Statutory Demand — Company (Insolvency Act 1986 s.123) around how you trade, at a fixed price agreed in writing before work starts. Subscribers get 10% off.
The library is included in every Buzz Legal subscription, which starts at £49 +VAT a month. One plan opens all of them, and they are kept current as the law changes. If you only need this one document and do not want a plan, we will draft it around your business for a fixed fee agreed before anything starts.
It covers what the law requires for this kind of document. Check the clauses on what you are liable for, what happens when things go wrong and who owns what against your own business before you use it.
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A contract review is a fixed £249 +VAT for one document read in full and marked up. Drafting is quoted in writing before anything starts.
