Persons entitled
- Commercial Union Assurance Commercial LTD
Amount secured
All sums due or to become due by the company to commercial union assurance company limited as trustees under the trust deed and the supplemental deeds in terms of the guarantee contained in the instrument creating the charge, being a guarantee of full payment in accordance with the provisions of the trust deed and the supplemental deeds dated 13TH november 1968 and 11TH december 1968 respectively of £8,000,000 8% debenture stock 1993/98, £1,000,000 8% debenture stock 1993/98 and £319,250 7 1/2% debenture stock 1981/86 of united biscuits (holdings) limited and interest thereon and all other monies intended by the trust deed and the supplemental deeds to be secured
Short particulars
Undertaking and all property and assets present and future of the company including uncalled capital.
Contains floating charge.
Restricting provisions
Companies are expressly prohibited from creating subsequent fixed securities having priority over or ranking equally with the floating charge