Late registration of charges

RELATED NEWS & CASES

09 January 2017
Georga Godwin, from national law firm Scott-Moncrieff, represents clients with serious mental health issues and their families. She says her clients are victims of a vicious circle of under-funding. She says: “The Government claiming that social effo...
04 January 2017
The ‘New Year itch’ - Law Society event addresses solicitors’ annual search for better work/life balance A Law Society event on 26 January 2017 addresses the legal sector’s annual ‘New Year itch’ when solicitors search for a better work/life balance,...
25 October 2016
Jonathan Rayer writes for The Law Gazette reflecting on Lucy Scott-Moncrieff’s high profile and eventful career in law as founder and managing director of Sco Mo; as president and then council member of the Law Society; mental health tribunal ju...
28 September 2016
Sulaiman Lee, film of whose arrest by more than six Metropolitan Police officers in Brixton on 1 September was posted on many news outlets, is to launch a formal complaint against the force. He has appointed Terence Channer of national law firm Scott...

Helping you stick to the letter of the law

At Scott-Moncrieff we are never surprised by how many times companies fail to register a charge at Companies House in a timely manner: it causes problems, but it’s not a fatal mistake. Registering a charge with Companies House is one of the many administrative responsibilities of company directors and there are clear rules about how and when this must be done. 

If you have valid reason for registering a charge after the legal deadline you’ll need to appoint an experienced commercial law firm like Scott-Moncrieff to make an application to the court. Our commercial solicitors have the expertise to apply for a court order that can then be submitted to Companies House. We’ll assume responsibility for all aspects of the application, presenting the evidence in a way that ensures it will be accepted as genuine. We can also intervene if you’ve made a mistake in registering a charge so that you don’t run the risk of a fine.


What’s the difference between floating and fixed charges?

A company charge is when one party is granted a legal interest in the assets of the other party as security. There are two types: a floating charge and a fixed charge. A floating charge is when the security takes the form of unspecified or changing assets (such as company stock or unpaid debts owed to the company). A fixed charge attaches to specific assets of the company.

According to the law, all charges must be registered with Companies House with 21 days of the creation of the charge. If this doesn’t happen, there is a danger that the charge will be deemed invalid. 


Legal Advice Lawyers: Costs

It goes without saying that we’ll make sure we deliver the most cost-effective solution and that you’re kept 100% up-to-date with costs as the winding up process progresses.


Contact Our Commercial Solicitors in London, Bolton and Nottingham

We serve clients throughout England and Wales, including London, Manchester, Birmingham, Lytham St Anne's, Nottingham, Kent and Bristol.

For more information get in touch via our online contact form or call our team now on 02078411099.

CALL US 02078411099

ONLINE ENQUIRY

Please let us know your name.
Please let us know your email address.
Please write a subject for your message.
Please let us know your message.
Invalid Input
By submitting this form you agree to our privacy policy.