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This type of borrowing is very similar to our S&I and S&A services except that, for good reasons, the borrowing company cannot get credit insurance (eg, providing services to HM Government) or we cannot obtain an Assignment of contracts.

We register a first all-assets charge at Companies House over the borrowing company. This means that, if things go wrong and the borrowing company needs to be wound up, we have the first call on the company’s assets. We perfect this with a Controlled bank account into which payments from Borrower customers flow that is exclusively under ArchOver’s control. Except in the event of insolvency proceedings, the control account is cleared each day to the Borrower.