1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
  • Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Debenture - outstanding

Collapse
X
1 to 5 of 5 Previous template Next
Collapse
Reply to Thread
  •  
  • Filter
  • Time
  • Show
Clear All
new posts
1 to 5 of 5 Previous template Next
    #1

    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?
    Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.

    I preferred version 1!
    Tags: None
    #2
    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

    Comment

      #3
      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
      ContractorUK Best Forum Adviser 2013

      Comment

        #4
        There would have been a loan back then - it was the outstanding bit that concerned me!
        Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.

        I preferred version 1!

        Comment

          #5
          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 !

          Comment

          Reply to Thread
          1 to 5 of 5 Previous template Next

          Advertisers

          1. Contracting
            1. General
              1. Brexit
            2. Business / Contracts
              1. Coronavirus Assistance
            3. Accounting / Legal
              1. Umbrella Companies
              2. HMRC Scheme Enquiries
              3. The Future of Contracting
              4. IR35 Reform
            4. Technical
            5. Welcome / FAQs
          2. Social
            1. Light Relief
            2. Social / Events
          Working...
          X