1. avatar says

    Sorry, can you clarify:

    Floating charges can have a negative pledge clause which is basically to be notified of any proposed fixed charge on the same asset.
    The next point was that floating charges do not attach to specific assets.

    Slightly confused.

    • avatar says

      It says that floating charges dont attach to specific assets,but fixed charges may attach to tradeable assets like inventories in which case you are not allowed to trade them so in that scenario you may have to charges conflict on one asset Hope that helped! :)

    • Profile photo of MikeLittle says

      A debt secured by way of floating charge could well be one that is secured by “the whole or substantially the whole of a company’s assets including goodwill” in which case the tangible non-current assets are part of the security


    • Profile photo of MikeLittle says


      Is there a song for F4? I don’t remember one!

      There’s certainly one for F7 (actually, there are 2 for F7 – there’s the working W3 song and there’s the TNCA song (with apologies to the village people)) but there isn’t one for F4

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