Security & Collateral · glossary
Form MR01 registers a company's charge at Companies House. It must arrive, with a certified copy of the charge, within 21 days beginning with the day after the charge is created. If it is late, the charge is void against a liquidator, an administrator and creditors. Form MR04 records that the debt is paid or the charge released.
Form MR01 and a certified copy of the deed must reach Companies House within 21 days, counting from the day after it is created. Filed late, the charge is void against a liquidator, an administrator and creditors. Form MR04 clears a repaid charge, but nobody has to file it. Debenture §5.1 · Chapter 2 · Chapter 6
Explained in Chapter 2, What the Company Owns, and Who Already Has a Claim, of Security & Collateral.
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A statement to Companies House that a registered charge has been paid off, in whole or in part, or that property has been released from it. Once filed, the public register shows the charge as satisfied.
To register a charge a company creates, such as a debenture or a mortgage of its land. If it is not registered in time, only the court can give more time, and until then the charge does not bind a liquidator or administrator.
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