The register of charges entered into by the company when it borrowed money, with copies of any instruments giving a mortgage or other charge over company property must be kept so that unsecured creditors or other person giving credit to the company can see what part of the company’s property is already charged.
A description of the property charged the amount of charge and the persons entitled to the charge must be recorded.
Both members and creditors of the company are entitled to inspect the register and copy documents free of charge for at least two hours per business day.
Registered charges of a company are available for public to download from Companies House.
Canterbury Accountancy - Providing information company legal obligations under Company Law.
