Charges and registration deadline

Here's an extract from a website article: "The company will remain liable for the repayment of the debt; but in effect the security lender is exposed because the charge is unsecured. Unless the position is rectified, the charge is unenforceable by the security lender, and is void/unenforceable against a liquidator, administrator or other creditor of the company." This is from the website of Douglas Wemyss Solicitors LLP t/a DWS Legal and here's the link: https://d-w-s.co.uk/late-registration-charge-companies-house/ The debt itself doesn't become void. It's just that it's no longer a secured loan because the legal requirements for valid debentures have not been complied with But the debt itself is still good but it's now an unsecured creditor and the money is repayable on demand OK?

Hello Mike, i just passed the exam ENG variant thanks to your lectures. i have a question: who is entitled/authorized and liable for consequences (if he case) to register within 21 days? Thank you

Hi Ermali, Congratulations!! The obligation to register the charge within 21 days is on the company. It is a Companies Act 2006 requirement imposed on the company. Best wishes, Vijay