Company Loans, Debenture, Fixed and Floating Charges Explained

I was asked recently by a client who is looking to finance her business by way of a private loan about the different types of charges that the investor may take under the loan documentation or “Debenture” and the possible effects on her business. So I decided to put together a very basic guide which should provide a general understanding of the types of charges involved in a secured loan situation, together with an illustration of a liquidation. (Please note that the below submission should not be taken as legal advice and you should seek legal and or accounting guidance for your own particular circumstances.)

Provision and Use of Work Equipment Regulations

An employer has been fined £15,000 following an accident in which an employee suffered serious hand injuries.

The employee was checking a reel-fed machine when his hand was caught in the machine. He lost three fingers, partially severed his thumb, suffered injuries to his little finger and had to undergo two surgical procedures.