Jurisdiction(s):
United Kingdom

UK Companies House rectification of unauthorised filings: implications for charge registrations, priority and insolvency practice under the Economic Crime and Corporate Transparency Act 2023

Published on: 18 March 2024

Published by a LexisNexis Restructuring & Insolvency expert

Legal News

Article summary

Current position

Regarding certain affected security, we note an entry now visible in the filings section of the Companies House register stating that material once regarded as part of the register is no longer treated as such by the registrar. Although the charges register has also been updated—so the relevant registered security once more appears as outstanding—there is no clear connection drawn between that note, the amendments to the charges register, and the earlier incorrect submission (evidence of which has likewise been removed). To any third party—even directors of the relevant company or the security holder—it is not immediately clear what this new entry pertains to unless they were already aware that the unauthorised filing had been accepted. Since the issue was identified, the registrar has made no public statement about the incident, leaving uncertainty over what actually occurred, why it occurred, and how many companies have been impacted. Equally, there is no firm certainty in relation to the...

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