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Sainsbury new charge on Land

Firestorm

Pedant
Joined
Oct 25, 2003
Messages
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Immersed in the accounts
Companies house have received a registration of a charge on "The Freehold land and garages lying to the south east of Fairfax drive "

Sainsbury are the secured party, it relates to an amendment to the loan agreement of 7/11/09 between RHL and Sainsbury


Whether this recent amendment to the loan agreement is an additional loan (HMRC winding up order ?) or its a change in the previous loans , its not clear.
 
Wonder which bit of land this actually is, presumably it's the bit on the right as you come out of the away end. I thought that was all mostly part of Prospects, but the garages bit doesn't sound like it is.
 
Myles hire will have to to find a new place to park and nab all the parking spaces around roots hall on matchdays! :madman:
 
"Legal charges arise from agreements that give lenders an interest over a borrower's assets".
 
Ah I see. Thanks for clarifying :thumbsup: We owe them money, so they want to make it legally enforceable that any development we do, and subsequent profits we make (including sale of the land without development) they must receive repayment of their loan. Seems perfectly reasonable.

They must have been watching our skirmishes with HMRC!
 
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