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Lending

First-ever charge

First registered charge in company history.

Definition

How Fulcrums detects it.

A previously unsecured company registers its first ever charge, often the start of a deteriorating capital structure.

Example signals

  • No prior charges
  • New charge registered

Related patterns

ALL ASSETS charge stack

Multiple all-assets charges to senior lenders.

Mass charge satisfaction

Multiple charges satisfied at once.

Lender rotation

Senior lender replaced.

Small-company first charge

Sub-£1M turnover company registers all-assets charge.