Ramsdens Holdings Plc: Scheme of Arrangement Hearing Listed for July 2026
Ramsdens Holdings Plc (Company Number: 08811656) is scheduled to appear before the Insolvency and Companies Court on 13 July 2026 for a hearing concerning a Scheme of Arrangement. Listed under case number CR-2026-003974, the matter will proceed remotely via Microsoft Teams.
For corporate finance advisers, lenders, and major suppliers, a Scheme of Arrangement under Part 26 of the Companies Act 2006 represents a critical structural event requiring immediate review of existing contracts and security positions.
Hearing details
| Detail | Information |
| :--- | :--- |
| Case Name | Ramsdens Holdings Plc |
| Case Number | CR-2026-003974 |
| Court | Insolvency and Companies Court |
| Hearing Date | 13 July 2026 |
| Hearing Time | 10:30am |
| Venue | Remotely via MS Teams |
| Case Type | Scheme of Arrangement |
Company overview and financial position
Incorporated in December 2013, Ramsdens Holdings Plc is an active public limited company headquartered in Stockton-on-Tees. The AIM-listed group operates 170 retail stores across the UK, focusing on foreign currency exchange, pawnbroking, precious metal purchasing, and jewellery retail.
According to the latest financial statements filed at Companies House for the period ending 30 September 2025, the group reported a turnover of £116,804,000 and net assets of £62,896,000. The auditors issued an unqualified opinion. The entity trades under the Standard Industrial Classification (SIC) code 64205, covering financial services holding companies.
Expert analysis: Interpreting the Part 26 filing
Unlike a hostile creditor action found via a winding up petition search, a Scheme of Arrangement is a company-initiated statutory procedure. It allows a company to reach a binding compromise or arrangement with its members or creditors.
While distressed companies use similar mechanisms (such as the Part 26A Restructuring Plan) to force cram-downs on dissenting creditor classes, a standard Part 26 scheme is frequently deployed by highly solvent PLCs. Common use cases include executing complex mergers, facilitating takeovers, or restructuring share capital to return funds to investors. Currently, there are no insolvency-related notices for the company in The Gazette, and the filing history consists of routine compliance documentation.
Worked example: Counterparty risk assessment
Consider a commercial landlord leasing multiple high-street premises to a retail group undergoing a Scheme of Arrangement. The landlord receives notice of the convening hearing. The immediate priority is determining whether the scheme targets property lease liabilities (perhaps aiming to transition to turnover-based rents) or if it is purely a shareholder reorganisation.
If the landlord falls into an affected creditor class, they must review the s.897 explanatory statement to quantify the financial impact and decide whether to vote against the proposal at the creditor meeting. Failure to participate means they will be bound by the scheme if the statutory majorities (75% in value and a majority in number) approve it.
Action plan for creditors and counterparties
Risk professionals and legal counsel tracking this hearing should execute the following steps:
1. Identify the affected class: Determine immediately if your firm is categorised as an affected creditor or member under the proposed scheme.
2. Review the explanatory statement: Under s.897 of the Companies Act 2006, the company is legally required to provide a statement explaining the material interests of the directors and the effect of the arrangement.
3. Audit existing security: Run a company charge check to verify how current debt is secured against the company's assets. Fixed and floating charge holders often sit in different voting classes to unsecured creditors.
4. Track voting deadlines: Prepare to vote at the convened meeting. The scheme requires approval by a majority in number representing 75% in value of the creditors or members present and voting.
Traditional monitoring vs Corp Intel
Monitoring corporate restructuring events manually requires professionals to cross-reference the daily HMCTS cause lists with Companies House filings, RNS announcements, and statutory notices. This fragmented approach consumes billable hours and introduces the risk of missing a critical convening hearing or voting deadline.
Corp Intel automates this workflow. By aggregating court data, statutory registers, and financial filings into a single dashboard, professionals can establish a defensible audit trail. Firms can set up free company monitoring to receive immediate alerts when a counterparty registers a new charge, files an RNS update, or appears on a court cause list.
Frequently Asked Questions
Is a Scheme of Arrangement an insolvency procedure?
No. While distressed companies can use schemes to restructure debt, a Part 26 Scheme of Arrangement is a statutory process under the Companies Act 2006, not the Insolvency Act 1986. Solvent companies frequently use it for mergers, acquisitions, or internal reorganisations.
Can a dissenting creditor block a Scheme of Arrangement?
Creditors can object at two stages. They can challenge class composition at the convening hearing, or they can argue at the final sanction hearing that the scheme is fundamentally unfair or procedurally flawed. However, if the statutory majority (75% by value, >50% by number) approves it, the court will typically sanction the scheme, binding all minority dissenters.
How does a Scheme of Arrangement affect existing commercial contracts?
Unless the scheme specifically seeks to compromise a contract, or the contract contains specific 'change of control' or restructuring termination triggers, existing agreements remain in force. Legal counsel should review all counterparty agreements for relevant clauses.
Where are the full details of a PLC's proposed scheme published?
For publicly listed companies, the scheme document (including the s.897 explanatory statement) is distributed to affected parties and published via the Regulatory News Service (RNS). It is also typically available on the investor relations section of the company's website.
This report summarises entries on the published court cause list. Presentation of a petition or listing of a hearing 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.