Q&As

A debenture has been filed and accepted on the charges register at Companies House. In the party particulars of the debenture, it refers to the old registered office for the company against whom the charge is registered. At the time the document was signed and dated, the registered office had changed. Does this pose a problem for enforcement of the charge should that need to occur?

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Produced in partnership with Chris Bryden of 4 King’s Bench Walk
Published on LexisPSL on 05/06/2020

The following Banking & Finance Q&A Produced in partnership with Chris Bryden of 4 King’s Bench Walk provides comprehensive and up to date legal information covering:

  • A debenture has been filed and accepted on the charges register at Companies House. In the party particulars of the debenture, it refers to the old registered office for the company against whom the charge is registered. At the time the document was signed and dated, the registered office had changed. Does this pose a problem for enforcement of the charge should that need to occur?

A debenture is a written agreement between a lender and a borrower giving security (whether by fixed or floating charge) over the assets of a company, and is registered at Companies House. Section 859A of the Companies Act 2006 (CA 2006) provides that a charge created by a company must be registered by the registrar provided that a CA 2006, s 859D statement of particulars is delivered to the registrar within a period of 21 days after the creation of the charge unless an order extending time has been made. The particulars required do not include the registered address of the company and therefore an error in a debenture referring to the old registered office would not have pr

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