Home | Services | Restructuring and Insolvency | Insolvency | Fixed Charge Receiverships

Fixed Charge Receiverships

Appointing a Fixed Charge Receiver (FCR) is a remedy of a secured creditor where available under the terms of its security.

A Fixed Charge Receiver (FCR) may be appointed over specific assets by secured creditors with a fixed charge. This is a relatively cost-effective way of securing recovery in certain distressed situations and the ability of a lender to separate the fixed assets from any floating charge elements of the security is often a crucial aspect of the Appointment.

The FCR will consider an appropriate strategy, taking into account the status and occupancy of the property, as well as any issues that may be detrimental to its value and that could be overcome. There is also a duty to safeguard and manage the property and the FCR will insure against the usual risks and be accountable for receipts and outgoings.

Assets subject to a Fixed Charge Receivership can often be complex and involve underlying issues and it is important to appoint someone who is suitably experienced and who will take responsibility for resolving difficult issues whilst realising the maximum potential value of the secured asset. 

To find out more or to arrange a free consultation without any obligation please contact:

Darren Bowman T: 028 9032 3466 E: darrenbowman@bakertillymm.co.uk or
Lisa Lappin T: 028 9032 3466 E: lisalappin@bakertillymm.co.uk

Speak to our experts

Related services

Business Recovery

We believe that in working closely with you and your professional advisers we can help you understand all formal and informal options available and provide the guidance and information necessary to assist in choosing the most appropriate solution.

Read more

Dealing with Debt

We have a specialist Rescue and Recovery team with over 25 years' of industry experience in dealing with debt issues.

Read more

Creditor Services

Creditor Services is an integral part of the Business Recovery & Insolvency department. Building on the foundations of the technical knowledge and experience within the team, our Creditor Services division provides advice and support to individuals, company directors and professional advisors where they or their clients are impacted by the insolvency of another party eg. a customer, supplier, employee etc.

Read more

Useful Links

Information for limited companies www.companies-house.gov.uk

Read more

See how we can help you

Find out what we can do for you, use the contact form to arrange a free initial business consultation.
You can also phone us on 028 9032 3466 or email us at accountants@bakertillymm.co.uk