What is a Fixed Charge Receiver?
Fixed Charge Receivers (FCR) are usually appointed to recover debts when a borrower has defaulted on their loan. Typically, these professionals are instructed to recoup funds from property or land loans, but they may also be hired for failed payments on equipment, machinery and intellectual property.
Once appointed, the FCR can take control of, manage or sell the asset to reclaim the outstanding debt. In practice, this may involve collecting rents, managing leases or generating income from an asset.
While the priority is getting the creditor its money back, an FCR must act in good faith and avoid disregarding the borrower’s interests completely.
What are the advantages of appointing a Fixed Charge Receiver?
- Quick and efficient process – No court approval is required, making it faster than alternatives like foreclosure and liquidation. This can also lead to lower costs as an added incentive.
- Direct control over assets – The FCA will assume ownership over goods covered by the fixed charge immediately, preventing the borrower from hiding or further mismanaging it.
- Maximise value – Your FCR is a highly skilled expert who can get the most out of the asset. This could be by generating a high sale price or increasing rental costs.
- Relationship protection – This process is often seen as less aggressive than pursuing full insolvency or legal action. Therefore, it might help to preserve a professional relationship between the lender and the borrower.
“Appointing a Fixed Charge Receiver ensures professional oversight, maximises asset recovery and protects creditor interests. Our expertise helps navigate complex financial situations efficiently, preserving value while ensuring compliance with legal obligations."
How do you appoint a Fixed Charge Receiver?
Whether this is your first time hiring an FCR or you have done it before, we have tried to make the process as straightforward as possible. All you have to do is get in touch or fill out the form further down the page and a member of our team will be able to assist you.
We will take time to learn about your situation and offer tailored advice on the potential next steps. After your initial call, we will arrange a free consultation with one of our Fixed Charge Receivers who will explain how the service works and answer any questions you may have.
If you are happy with our expertise and strategies, we can begin helping you recoup your lost income.
Why should I choose an Eddisons Fixed Charge Receiver?
With over 180 years of experience, you can trust us to help recover any funds lost in a credit agreement. Plus, here are some other reasons to choose an Eddisons Fixed Charge Receiver:
- Our FCR experts are RICS-certified and have passed the Registered Property Receivership Scheme.
- We have lots of positive comments on Reviews.IO. Check them out to see why 100% of reviewers recommend us.
- Our 30 offices are conveniently located around the UK, so a dedicated specialist should be close by.
- We work across an array of sectors, including education, energy, retail, healthcare and charity.
Appoint an Eddisons Fixed Charge Receiver now
Ready to recoup the money you are owed? Contact us today and one of our Fixed Charge Receivers will be on hand to assist you. Alternatively, fill in the form below and we will get back to you as soon as possible.
If you would like to learn more about the property industry in the meantime, please read the articles on our news and insights page for more information.
Get in touch with the Eddisons team
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