This article explains the MR04 form from Companies House and how Business Law can help

The MR04 form is used to notify Companies House that a registered charge (such as a mortgage or debenture) has been satisfied or released, either fully or partially.

The MR04 form is used to carry out the following actions:

• Confirm repayment of a debt secured by a charge.
• Update the public record, showing that the company no longer owes money under that charge.
• Improve transparency for investors, lenders, and other stakeholders by keeping the company’s register accurate.

When completing the MR04, the following details must be provided:

• The company’s name and number
• Information about the original charge
• A statement confirming satisfaction (full or partial)

There’s no legal requirement for a company to notify Companies House when a charge is satisfied, however, doing so shows that the company’s obligations have been met.

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