Debenture - outstanding - Contractor UK Bulletin Board

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geoff from contracta IOM replied

31 March 2011, 15:11
Originally posted by TonyEnglish View Post

There would have been a loan back then - it was the outstanding bit that concerned me!

The banks are very good at putting them in place not so good at removing them when they expire !
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BoredBloke replied

31 March 2011, 14:52
There would have been a loan back then - it was the outstanding bit that concerned me!
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Clare@InTouch replied

31 March 2011, 14:33
It looks like your company owed money to Midland Bank in the form of a loan, and they then registered the charge at Companies House. Has anything like that ever been in place?

Debentures
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geoff from contracta IOM replied

31 March 2011, 14:32
Originally posted by TonyEnglish View Post

Qoes anybody know what this means and is it normal? I was farting about on the net and looked at my comapny profile and noticed in a section called

Charges / mortgages against this Company

MIDLAND BANK PLC
DEBENTURE - OUTSTANDING on 30 Apr 1999

What does that mean?

A debenture in this instance sounds like a directors guarantee that was given for an overdraft or a loan quite possibly long since expired and not removed
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BoredBloke started a topic Debenture - outstanding

31 March 2011, 13:58
Debenture - outstanding

Qoes anybody know what this means and is it normal? I was farting about on the net and looked at my comapny profile and noticed in a section called

Charges / mortgages against this Company

MIDLAND BANK PLC
DEBENTURE - OUTSTANDING on 30 Apr 1999

What does that mean?
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