Section 2 Requires the date which the charge was created. Section 1 Will require you to list the Company’s full name and number. The information on the form must be exactly the same as that on the instrument used to create or evidence the charge to avoid rejection. Things to Note when Completing Form MR01Ĭompleting Form MR01 is a relatively straightforward process, but you should take due care and attention to ensure there are no mistakes or discrepancies. It should be noted that these forms can be submitted by post only and are not eligible for Companies House WebFiling. If the charge has not been created with or evidenced by an instrument, you should instead submit either Form MR08 for a charge being registered under s.859A of the Companies Act 2006, which includes a mortgage or standard security, or Form MR09 for a charge being registered under s.859C of the Companies Act 2006, which applies to situations where a company purchases property or undertaking that is subject to a charge and would have been capable of being registered as a charge under s.859A above, if it had been created by the company after the purchase of the property or undertaking. The number/identifier of a bank or a securities account, and.Any personal information relating to a person (but any names must be left in),.Because the instrument remains on the company’s records, you can remove or redact certain personal information from the instrument(s), including: The certified copy will remain at Companies House for the public register, so take care to ensure you do not send the original document. This can result in you missing out on the 21-day statutory time limit, resulting in the necessity of a court order to register the charge. You must be careful to ensure that the information on the instrument is reflected accurately on the form, as any mistakes will lead to its rejection. The completed Form MR01 must be sent – either online or by post – with attached certified copies of any relevant charge instruments, such as a debenture or mortgage. Separate MR01 forms should be used for each charging company if one or more companies create charges in the charging instrument (NB Separate certified copies of the charging instrument should be sent with each form). The form needed to register the particulars of a charge is Form MR01 where the charge has been created with or evidenced by an instrument. Generally, the lender or the lender’s agent will register the charge. How to Register the Particulars of a ChargeĪ charge can be registered by any interested party, and a company need not register a charge itself. This is to ensure its security in the event of a company’s liquidation. Pursuant of The Companies Act 2006 (Amendment of Part 25) Regulations 2013, the particulars of almost all charges need to be registered at Companies House within 21 days of the creation of the charge. A fixed charge is taken out over assets that aren’t used or disposed of in the ordinary course of business, while a floating charge is taken out over the rest of the company’s assets. A debenture, commonly used by banks or other financial institutions, is a mixture of both a fixed and a floating charge. However, the lender will rank behind other creditors, including wages and any prescribed past creditors. The lender can therefore recover monies when the assets are sold.
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