Cobbetts created a debenture earlier this month securing all of its debt and future debt to its major creditor Lloyds TSB, filings with Companies House have revealed. Documents filed on 25 January state that the firm create a debenture "securing all monies due or to become due from the Limited Liability Partnership to Lloyds TSB" on 16 January. The debenture also entitles Lloyds to "the power to appoint an administrator and/or a receiver".
January 30, 2013 at 01:37 PM
1 minute read
The original version of this story was published on Legalweek
Cobbetts created a debenture earlier this month securing all of its debt and future debt to its major creditor Lloyds TSB, filings with Companies House have revealed.
Documents filed on 25 January state that the firm create a debenture “securing all monies due or to become due from the Limited Liability Partnership to Lloyds TSB” on 16 January. The debenture also entitles Lloyds to “the power to appoint an administrator and/or a receiver”.
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