England and Wales · Insolvency
Unconnected floating-charge relevant time. Which source period and facts apply?
Ordinary 12 month relevant-time window, with additional application/notice periods. Assess whether the charge is invalid to the statutory extent. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
- Period
- Ordinary 12 month relevant-time window, with additional application/notice periods
- Trigger
- Actual creation of the charge and applicable onset of insolvency
- Rule
- Insolvency Act 1986 section 245
Insolvency Act 1986 section 245. Official primary XML acquired October 9, 2026. The publisher records revision September 29, 2026. The retained XML includes amendment, alternative-text and outstanding-effect annotations. This review establishes the identified source branch and does not certify every historic or uncommenced branch.
Source guide · No automated date
Check the applicable procedure
Insolvency Act 1986 section 245. Ordinary 12 month relevant-time window, with additional application/notice periods. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void. This page requires the actual source branch and completion facts; it currently offers source guidance without an unqualified computed or paid result.
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Unconnected floating-charge relevant time. Which source period and facts apply?
Ordinary 12 month relevant-time window, with additional application/notice periods. Assess whether the charge is invalid to the statutory extent. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Responsible actor. Administrator or liquidator examining an unconnected floating charge.
Actual creation of the charge and applicable onset of insolvency
Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Administrator or liquidator examining an unconnected floating charge. Assess whether the charge is invalid to the statutory extent. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Insolvency Act 1986 section 245How does this provision count time?
- Ordinary 12 month relevant-time window, with additional application/notice periods
- Assess whether the charge is invalid to the statutory extent
- Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Ordinary 12 month relevant-time window, with additional application/notice periods. This is a test of the actual transaction or charge date against actual creation of the charge and applicable onset of insolvency. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void. It does not establish a deadline for completing the office-holder’s court application.
Assess whether the charge is invalid to the statutory extent. A court office closure does not turn this statutory transaction-relevance interval into an application filing period. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void. Keep later court filing requirements and the original transaction date separate.
Insolvency Act 1986 section 245Which facts prevent one automatic date?
Insolvency Act 1986 section 245. Ordinary 12 month relevant-time window, with additional application/notice periods. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void. This page requires the actual source branch and completion facts; it currently offers source guidance without an unqualified computed or paid result.
Actual creation of the charge and applicable onset of insolvency. The responsible actor is administrator or liquidator examining an unconnected floating charge. Ordinary 12 month relevant-time window, with additional application/notice periods. Assess whether the charge is invalid to the statutory extent. Apply this source branch only after its stated prerequisites are established. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
The actual calendar includes a bank holiday or court closure while administrator or liquidator examining an unconnected floating charge considers unconnected floating-charge relevant time. Assess whether the charge is invalid to the statutory extent. A court office closure does not turn this statutory transaction-relevance interval into an application filing period. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void. Keep later court filing requirements and the original transaction date separate. Keep the applicable source period and the actual completion or status question separate. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void. Administrator or liquidator examining an unconnected floating charge. Assess whether the charge is invalid to the statutory extent. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Which conditions and exceptions apply?
- Actual actor and event
- Administrator or liquidator examining an unconnected floating charge. Actual creation of the charge and applicable onset of insolvency.
- Actual required act and material branch
- Assess whether the charge is invalid to the statutory extent. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
- Administrator or liquidator examining an unconnected floating charge. Assess whether the charge is invalid to the statutory extent. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
- Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
What must the responsible actor complete?
Questions about this procedure
Unconnected floating-charge relevant time. Which source period and facts apply?
What source period applies to unconnected floating-charge relevant time?
Ordinary 12 month relevant-time window, with additional application/notice periods. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Insolvency Act 1986 section 245Which actual event controls unconnected floating-charge relevant time?
Actual creation of the charge and applicable onset of insolvency. Administrator or liquidator examining an unconnected floating charge must preserve this event separately from planning, dispatch or an unrelated insolvency milestone. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Insolvency Act 1986 section 245What must the responsible actor establish for unconnected floating-charge relevant time?
Assess whether the charge is invalid to the statutory extent. Section 245 preserves specified new value and interest. It does not say every floating charge created in the relevant interval is wholly void.
Insolvency Act 1986 section 245Is the whole charge necessarily invalid?
No. Section 245(2) preserves the stated aggregate of new money, goods, services, discharged or reduced debt and permitted interest. Actual consideration matters.
Insolvency Act 1986 section 245What extra condition applies to an unconnected holder?
Section 245(4) requires the company’s inability to pay debts at creation or as a consequence for the ordinary unconnected interval. Keep that requirement separate from the date.
Insolvency Act 1986 section 245Does a prior intention notice affect relevant time?
Section 245(3)(c) and(d) also includes specified application and intention-notice periods before appointment. The ordinary 12 month window is not the entire test.
Insolvency Act 1986 section 245Official sources and review
Provisions used (1)
| Provision | Purpose |
|---|---|
| Insolvency Act 1986 section 245 | Check the identified procedure, event, counting rule or qualification |