Fixed Charge Receivership
A Fixed Charged Receivership is where a secured creditor (usually a bank) holds a Fixed Charge over specific assets of the company – usually land and buildings, specific plant and machinery or book debts. The secured creditor can appoint a Fixed Charge Receiver if there is default under the terms of the charge. If it is held over property such as land and buildings, the Receiver is usually appointed under the Law of Property Act (1925) and is referred to as an ‘LPA Receiver’.We can carry out a rapid review of those assets subject to the fixed charge and we will advise as to whether appointment of a Fixed Charge Receiver is the most appropriate procedure.
If appointment of a Fixed Charge Receiver is the best way to proceed, we can be appointed to this role and utilise our many years’ experience to achieve maximum realisations. In addition, we are on the approved panel of clearing banks and Asset-Based Lenders, whose support is necessary for these appointments.
