Can a company with a charge already registered borrow more?

An existing charge does not block further borrowing, but it affects what a new secured lender can take — and for unsecured lending it barely matters. A prior charge signals existing debt. Credicorp's no-personal-guarantee, cash-flow lending focuses on affordability, not on ranking security. A charge or debenture at Companies House shows a lender holds security over company assets. A new secured lender would rank behind it, which limits what they can take. But for cash-flow lending that does not lean on those assets, the existing charge is far less relevant.

Can a company with a charge already registered

2 min read

Not a blockaffordability led

Prior chargeaffects security

Unsecuredless affected

What a registered charge means

A charge or debenture at Companies House shows a lender holds security over company assets. A new secured lender would rank behind it, which limits what they can take. But for cash-flow lending that does not lean on those assets, the existing charge is far less relevant.

The real question

The charge indicates existing debt, so the lender factors that commitment into affordability. If your cash flow comfortably covers both, further borrowing is realistic. See borrowing with other loans.

Applying

Disclose existing charges and show the cash flow supports more, then apply online.

Frequently asked questions

Does an existing debenture stop me borrowing again?

No. It affects what a new secured lender could take, but not eligibility. For unsecured cash-flow lending the focus is on whether your cash flow supports both debts.

Will a lender want first charge?

A secured lender might; a cash-flow lender that does not rely on your assets generally will not. Credicorp lends on affordability with no personal guarantee.