Debenture (Security over company for a loan or obligation)

Description

A debenture, also known as a “floating charge”, is a type of security a company can grant over the whole of that Company’s undertaking – i.e. over all its property, assets, contracts and activities.

This product is for our drafting to the specification we have been told is agreed a debenture to secure a legal obligation, and then for applying to register that charge at Companies House.

The product does not include our involvement in the agreement of the terms.

How long will it take?

We don’t generally do anything for new clients until our process of client retention has concluded – this involves agreeing the scope of what we are doing for the price (our terms are below), setting-up our client record (that includes ID checks), and producing the bill (payment in advance is required for all new clients).

After that, the production of the document is a job that we can undertake in about an hour once we can schedule it in our workflow, that can depend on how busy we are at any particular time. We would not usually take-on a job for which we could not engage within about a working week.

Debentures then normally need registering at Companies House, a process that normally takes about a week for Companies House to complete after we’ve submitted the registration application to them.

Money Matters

Your supplier is SRA-regulated Mounteney Solicitors, that charges VAT some customers may be able to reclaim

We charge £275 + VAT = £330 plus Companies House fee

There is more about our fees on our website here

If you have any questions or require any further information, please don’t hesitate to Contact Us.