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How they differ
A fixed charge is secured over a named asset — property or a specific machine — which the company cannot sell without the lender's consent. A floating charge hovers over a category of assets that changes day to day, such as stock and debtors, letting the company keep trading normally until the charge “crystallises” on default. Both are usually bundled into a debenture.
What this means for your company
Fixed charges rank ahead of floating charges if the company fails, so lenders prefer them. Any charge is registered at Companies House and shows on your public record. Credicorp's core lending is unsecured with no personal guarantee — no charge over your assets and nothing on your home — which keeps your balance sheet clean for other funders.
What it means for you
Credicorp lends to your company, not to you personally, and takes no personal guarantee. See business loans or apply online.
Frequently asked questions
Which charge is better for the borrower?
A floating charge is more flexible because you can trade with the assets freely. But lenders price the extra risk, so unsecured lending with no charge at all can be simpler where it is available.
Does a charge show publicly?
Yes. Registered charges appear on your Companies House record, so other lenders and suppliers can see them. Fewer charges keeps your business looking less encumbered.
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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.