MR01 & MR04 in Practice: Common Pitfalls in Secured Lending Transactions & Companies House Filings

Introduction

This bitesize webinar focuses on the practical completion of Forms MR01 and MR04, with reference to the relevant provisions of Part 25 of the Companies Act 2006, rather than a detailed examination of the Part as a whole.

It will highlight the importance of meeting statutory deadlines, the distinction between registering a charge and the satisfaction of a secured debt. Consideration will also be given to the potential implications of an erroneous satisfaction filing.

This webinar is aimed at professionals working in financial services law, compliance and debt recovery, as well as those involved in secured lending transactions, company charge registration and the practical administration of lender security.

What You Will Learn

This short webinar will cover the following:

• MR01 - Registering a company charge
• The 21-day filing deadline and when it begins
• Completing the form and identifying the supporting documents required
• Practical checks to minimise filing errors
• MR04 - Recording satisfaction of a charge
• Full versus partial satisfaction
• The distinction between satisfaction and release of security
• Ensuring accuracy when completing and submitting the form