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, and Nottingham
We serve clients throughout England and Wales, including London, Manchester, Birmingham, Nottingham, Kent and Bristol.