Registering security at Companies House
Registering security at Companies House

The following Banking & Finance practice note provides comprehensive and up to date legal information covering:

  • Registering security at Companies House
  • The scope of this Practice Note
  • What does it mean to 'perfect' security?
  • Changes to the regime for registering charges at Companies House in 2013
  • Changes to the regime for charges created by UK companies
  • Changes to the regime for charges created by LLPs
  • Transitional arrangements
  • Single UK-wide regime for registering charges at Companies House
  • No criminal sanctions for failure to register a charge at Companies House
  • Who may register charges at Companies House?
  • More...

Coronavirus (COVID-19): Transaction planning will need to take into account the impact of coronavirus on execution of documents and company filing and administration procedures. For further information, see Practice Note: Coronavirus (COVID-19)—implications for lending transactions—Coronavirus (COVID-19)—impact on deal execution?

In particular, the content of this Practice Note is affected by the Companies etc (Filing Requirements) (Temporary Modifications) Regulations 2020, SI 2020/645 (the Regulations), which temporarily extend some deadlines for filing documents or notices with Companies House. In so far as it may affect the content below, the Regulations:

  1. extend the period for filing charges under section 859A of Companies Act 2006 (CA 2006) from 21 days to 31 days beginning with the day after the date of creation of the charge—Companies House guidance issued on 1 July 2020 states that this applies to charges created on or after 6 June 2020

  2. extend the period for registration of instruments of alteration of floating charges granted by Scottish companies under section 466 of the Companies Act 1985, and

  3. increase to 42 days the period for notification of the place where copies of instruments creating charges are kept under CA 2006, s 859Q

The temporary extension does not apply to periods for registration extended by an order of the court under CA 2006, s 859F.

The Regulations came into force on 27 June 2020 and expire on 5 April 2021.

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