Herens UK Bidco Limited Listed for Scheme of Arrangement Hearing in High Court
A scheme of arrangement concerning Herens UK Bidco Limited (Company Number 13263829) is scheduled for a High Court hearing on 27 July 2026 at 10:30am. The matter is listed before the Insolvency and Companies Court in Court 7 of the Rolls Building, London, under case reference CR-2026-004090. Schemes of arrangement are formal court-sanctioned compromises conducted under Part 26 of the Companies Act 2006, enabling companies to alter member rights, restructure debt liabilities, or execute corporate reorganisations.
Hearing details
| Detail | Information |
| --- | --- |
| Company Name | HERENS UK BIDCO LIMITED |
| Company Number | 13263829 |
| Case Reference | CR-2026-004090 |
| Hearing Date | 27 July 2026 |
| Hearing Time | 10:30am |
| Court | Insolvency and Companies Court |
| Location | Court 7, The Rolls Building, London |
| Proceeding Type | Scheme of Arrangement (Part 26) |
Company snapshot
Herens UK Bidco Limited was incorporated on 12 March 2021 as a private limited company. The entity's registered office address is Suite 1, 7th Floor, 50 Broadway, London, United Kingdom, SW1H 0BL. Its principal industrial classification is standard industrial classification code 64209, designating activities of other holding companies not elsewhere classified.
In corporate structures, entities with a Bidco naming designation function primarily as special purpose acquisition vehicles created to hold operating subsidiaries, facilitate leveraged buyouts, or structure group debt facilities. Details of the company's statutory filings can be verified directly on the Companies House register and cross-referenced via the Corp Intel Herens UK Bidco profile.
Directors and ownership
Public filings reflect the governance structure of a specialized holding company. Corporate acquisition vehicles routinely maintain a concentrated board of nominee or investment directors representing ultimate parent shareholders or private equity sponsors. When evaluating corporate holding vehicles, counterparties examine the registered charges and ownership chains to ascertain ultimate beneficial control and cross-guarantee obligations.
Recent filings and Gazette activity
No winding-up petitions or compulsory liquidation notices have been published for this company in The Gazette. The listing under case reference CR-2026-004090 represents a solvent or court-supervised restructuring procedure under Part 26 rather than an involuntary winding-up petition brought by an unpaid creditor.
What this means for suppliers, creditors and counterparties
Unlike compulsory winding-up petitions under Section 124 of the Insolvency Act 1986, a scheme of arrangement is a company-led statutory procedure. Part 26 schemes require statutory majorities in voting classes (75 percent in value and a numerical majority of creditors or members present and voting) followed by High Court sanction.
Practical Scenario: Evaluating Exposure
Consider a commercial counterparty or lender holding junior notes issued by a mid-market acquisition vehicle. When a Part 26 scheme application is submitted:
1. The court convenes class meetings to ensure creditors with aligned interests vote together.
2. If approved by the requisite majorities, the scheme comes before the High Court for final sanction.
3. Upon court sanction and filing with Companies House, the scheme binds all class members, including dissenting voting parties.
To manage credit risk effectively when a counterparty proposes a scheme, institutional advisers follow a structured risk framework.
Counterparty Review Framework
- Class classification check: Determine whether your debt or trade claim is grouped with similar claims or placed in a separate voting class.
- Security position audit: Conduct a comprehensive company charge check to identify fixed and floating charge priorities over group assets.
- Voting documentation review: Inspect the scheme explanatory statement issued to creditors prior to the voting deadline.
- Court listing monitoring: Track cause list updates to follow convening hearings and sanction order hearings.
How to investigate further
Institutional credit managers and legal teams monitor court cause lists and statutory registries to maintain early visibility over corporate actions. A manual review requires checking daily High Court lists, inspecting Companies House filing histories, and searching statutory notice archives.
Corporate intelligence professionals streamline this process by performing a targeted winding up petition search across pending court lists and configuring automated alerts. Establishing free company monitoring provides immediate notification whenever new court entries, charge filings, or officer changes are registered against a company.
FAQ
What is a Part 26 scheme of arrangement?
A Part 26 scheme of arrangement is a formal, court-approved agreement between a company and its creditors or members under the Companies Act 2006. It allows a company to restructure its capital, modify debt terms, or complete a corporate merger.
Does a scheme of arrangement mean a company is insolvent?
Not necessarily. Schemes of arrangement are available to solvent companies as well as those undertaking financial reorganisations. Unlike a Part 26A Restructuring Plan, Part 26 does not strictly require the company to be facing financial distress.
How are creditors affected by a High Court sanction?
If the required voting majorities are met at class meetings and the High Court sanctions the scheme, the terms become legally binding on all creditors or members in the relevant classes, regardless of individual votes.
What should trade creditors do if a counterparty enters a scheme?
Trade creditors should review the scheme documentation to see if trade debt is compromised or excluded. They should inspect registered charges and confirm whether their specific class of debt is subject to the vote.
Disclaimer
This report summarises entries on the published court cause list. Presentation of a petition is not a determination of insolvency; the outcome is a matter for the court. Companies believing they are named incorrectly should email contact@corp-intel.co.uk.