This article explains the MR01 form and how Business Law can help 

The MR01 form is used to register a charge with Companies House. A charge is a legal agreement where a company offers its assets as security for a loan. This is done when the lender wants assurance they can recover the debt if the company fails to repay.

If you need to file an MR01, our team in Business Law can assist you and ensure your form is submitted with ease.

The MR01 form is used to carry out the following actions:

• Inform Companies House that a charge, such as a mortgage or debenture, has been created.
• Ensure the charge is formally registered, making it publicly visible on the official record.
• Safeguard the lender’s rights, giving them priority over other creditors if the company becomes insolvent.

The MR01 form must be submitted to Companies House within 21 days of the charge being created. If it’s not filed within this timeframe, the charge may not be legally enforceable against a liquidator or administrator.

When completing the MR01, the following details must be provided:

• The company’s name and number
• The lender’s details
• A description of the assets used as security
• The date the charge was created
• A certified copy of the legal document that created the charge

Filing an MR01 is a key step in formalising a secured loan arrangement. It ensures the charge is properly recorded with Companies House, which helps protect the lender’s interest and provides clear, up-to-date financial information for anyone reviewing the company’s obligations, such as creditors, auditors, or potential investors.

If you require any assistance with this process, please email us at cosec@dyedurham.com or call us on 0800 038 8350.