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Charges and creditor priority
A floating charge or fixed charge gives one lender a prior claim on charged assets. In an insolvency, secured lenders are paid before unsecured creditors, and earlier-registered charges usually outrank later ones.
Why new lenders care
A prospective lender checks Companies House for existing charges. Heavy prior security can make them decline or ask for their own charge. Unsecured borrowing leaves the field open — see the underwriting guide.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. An unsecured Credicorp facility does not register a charge, so it leaves your borrowing capacity with other lenders intact. See business loans or apply online.
Frequently asked questions
Will a charge stop me borrowing elsewhere?
It can. New lenders see the charge on Companies House and may decline or demand security of their own. Unsecured facilities avoid the problem.
Who gets paid first if the company fails?
Secured lenders are paid before unsecured creditors, and earlier-registered charges generally rank ahead of later ones.
Related reading
What is a floating charge? How it works and why lenders use it
A floating charge is a security interest that hovers over a shifting pool of assets — such as stock, trade…
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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…
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Can a lender register a charge without a personal guarantee?
Yes — a charge secures the loan against company assets, while a personal guarantee secures it against you…
Read →What is a fixed and floating charge?
A fixed charge attaches to a specific asset; a floating charge covers a changing pool of assets like stock…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.