The client was successful in obtaining a Tier 1 (Entrepreneur) visa
Read moreWe were instructed on behalf of our client, a lending company, to assist our client in taking security for existing and future loan facilities from our client to a borrower, a limited company.
The security was to comprise a debenture to be granted by the borrower company in favour of our client over the present and future assets of the borrower company. In accordance with our client’s instructions, we prepared a form of debenture, and finalised this based on our client’s specific requirements. The debenture included a fixed charge over the borrower company’s property, a floating charge over the stock of the company, as well as charging other specific assets.
We also prepared incidental security documentation, including letters of advice and company documents, and arranged for all the documents to be executed on behalf of the borrower company. The debenture was also then registered at Companies House against the borrower company.
Commercial Finance CHANDER BAGGA
Our client was able to gain security by way of a debenture for existing and future loan facilities
The client was successful in obtaining a Tier 1 (Entrepreneur) visa
Read moreWe worked with the company’s accountants in relation to accountancy and tax-related matters.
The whole transaction completed successfully. Our clients shareholdings in the company were transferred to the buyer, and the commercial premises was transferred out of our clients’ registered title to the buyer, and our clients retained ownership of part of the registered land.
Read moreThe client recovered the full amount of monies owed under a loan, including all interest, and legal costs and disbursements.
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