Originally Posted by
Hipennine
A charge is a loan secured against assets. I.e. whoever makes the loan takes out a charge as security, otherwise known as a mortgage. Standard business lending practice.
Thank you Hipennine,
With the outstanding charges being made against the St.George Hotel, and other Oak tree land, what does that mean for Peel and DTV Airport Ltd? I thought they owned all of the land on the North side for the upcoming house building?
Can they build on that land with the charges still outstanding?
If the Middlesbrough Council charge was for a loan where did that money go???
The Middlesbrough council outstanding charge agreement was signed by 2 local DTV Directors, and a person from the council.
It appears to be some sort of mortgage against the staff pensions, but applied against a property? The signatures are shown on the pdf file enclosed.
https://beta.companieshouse.gov.uk/company/02020423/charges/886mnkbJgXmQlS6vp6CLFlq57-o
