Debenture (Fixed and Floating Charge) — Word & PDF Template

This debenture template lets a company grant security over its assets in favour of a lender or other creditor, combining a fixed charge over specified assets with a floating charge over the rest of the business. It is widely used in the UK to secure loans, intercompany funding and director or shareholder advances, and includes the registration step at Companies House, which must be completed within 21 days of creation.

Who is this template for?

It suits limited companies granting security, lenders and investors taking a charge, directors making secured loans to their company, and accountants or advisers documenting a corporate borrowing arrangement. It is intended for businesses operating in England and Wales.

What does the template include?

The debenture is organised into clear, numbered clauses:

• Parties — identifies the chargor company and the secured party.
• Secured Obligations — defines the debts and liabilities being secured.
• Fixed Charge — creates a fixed charge over specified assets such as property and equipment.
• Floating Charge — creates a floating charge over the remaining assets and undertaking.
• Chargor’s Covenants — the company’s promises to protect the charged assets, including registering the charge over any registered land at HM Land Registry.
• Events of Default — circumstances that trigger enforcement.
• Enforcement — the lender’s rights to appoint a fixed-charge receiver or an administrator and realise the security.
• Power of Attorney — authority to act on the chargor’s behalf on enforcement.
• Release — discharge of the charge once obligations are met.
• Registration — registration of the charge at Companies House.
• Governing Law — confirms England and Wales law applies.
• Execution as a Deed — signing formalities for a deed (two authorised signatories, or a sole director with a witness).

Easy to customise

The template opens in Microsoft Word, Google Docs and LibreOffice. Simply fill in the highlighted fields, adjust the charged assets and obligations, tick the relevant options and edit any clause to match your transaction.

Format and scope

Download instantly as an editable Word (.docx) file and a print-friendly PDF, formatted to A4. Drafted in plain British English with light, general references to England and Wales law, including registration of charges at Companies House.