Residential Secure Income Plc Listed for Capital Reduction Hearing
A capital reduction petition brought by Residential Secure Income Plc is scheduled for hearing before the Insolvency and Companies Court at the Rolls Building in London on 11 August 2026 at 10:30am. The case is listed under reference CR-2026-003975 in Court 2 before an Insolvency and Companies Court Judge. The application falls under the final reductions category, representing a formal court-sanctioned application to reduce share capital or share premium under Part 17 of the Companies Act 2006.
Hearing details
Court hearings for capital reductions are conducted in the High Court of Justice (Chancery Division). Public limited companies must obtain judicial approval when reducing share capital, cancelling share premium accounts, or capitalising reserves where creditor protection rules apply.
| Attribute | Detail |
| :--- | :--- |
| Company Name | Residential Secure Income Plc |
| Company Number | 10683026 |
| Court Reference | CR-2026-003975 |
| Court Venue | Court 2, The Rolls Building, Fetter Lane, London |
| Hearing Date & Time | 11 August 2026 at 10:30am |
| Jurisdiction | High Court of Justice, Insolvency and Companies Court |
| Application Type | Capital Reduction (Final Hearing) |
Under section 645 of the Companies Act 2006, a company that has passed a special resolution to reduce its share capital must apply to the High Court for an order confirming the reduction. The court confirms the order once satisfied that the company's existing creditors are either safeguarded, paid, or have consented to the corporate restructuring.
Company snapshot
Residential Secure Income Plc was incorporated on 21 March 2017 under company number 10683026. The entity maintains its registered office address at The Pavilions, Bridgwater Road, Bristol, England, BS13 8FD. On the public register maintained by Companies House, the business is categorized under Standard Industrial Classification (SIC) code 64306 for activities of investment trusts.
- Registered Name: Residential Secure Income Plc
- Company Registration Number: 10683026
- Incorporation Date: 21 March 2017
- Company Status: Active
- Registered Office: The Pavilions, Bridgwater Road, Bristol, BS13 8FD
- Primary SIC Code: 64306 (Activities of investment trusts)
Directors and ownership
Public limited investment trusts routinely use court-sanctioned capital reductions to reclassify reserves, creating distributable capital reserves out of share premium. This balance sheet restructuring allows funds to distribute cash or dividends to shareholders within standard statutory frameworks. Commercial analysts reviewing corporate capital structures also run a company charge check to ensure no floating or fixed charges are impacted by changes in capital reserves.
Recent filings and Gazette activity
Prior to the final High Court hearing, companies file special resolutions approving the capital reduction and publish required notices in The Gazette. Once the High Court issues an order sanctioning the reduction, the company must register the court order alongside a statement of capital with the Registrar of Companies. The reduction of capital takes statutory effect only when Companies House registers these documents under section 649 of the Companies Act 2006.
What this means for suppliers, creditors and counterparties
Capital reduction petitions are administrative corporate restructuring applications handled by the Chancery Division. They are distinct from insolvency petitions such as winding-up applications, even though both appear on the cause lists of the Insolvency and Companies Court.
Under section 646 of the Companies Act 2006, creditors are entitled to object if the capital reduction compromises their ability to secure full payment. In practice, public companies address creditor protection by providing bank guarantees, establishing court-approved undertakings, or demonstrating that trade debt is covered by liquid assets.
Counterparty Review Framework
Corporate credit risk analysts and lenders assessing a counterparty listed for a capital reduction hearing follow a four-step review process:
1. Verify the case type: Confirm on the court list that the hearing relates to a capital reduction rather than a compulsory liquidation petition.
2. Check solvency indicators: Perform a broad winding up petition search to ensure no concurrent petition or adverse court filing exists against the company.
3. Inspect registered security: Review charges registered on Companies House to confirm secured lenders have consented to the balance sheet adjustment.
4. Set up automated tracking: Implement free company monitoring to receive real-time email notifications when the court order (Form SH19) is formally lodged at Companies House.
Illustrative Scenario
A listed investment company holding substantial share premium accounts seeks to create distributable reserves to support future cash distributions. The company passes a special resolution, files the petition with the High Court, and presents financial evidence showing that trade accounts payable are fully covered. The judge approves the petition in Court 2, after which the court order is registered at Companies House, converting share premium into distributable reserves.
How to investigate further
To view current High Court listings, consult today's winding-up list or review the full court cause list. Risk management professionals and legal teams rely on Corp Intel to monitor High Court lists and track corporate filings automatically. For official guidance regarding insolvency court practices, refer to the Insolvency Service.
FAQ
What is a High Court capital reduction hearing?
It is a court hearing where a High Court judge reviews an application by a limited company to reduce its share capital or share premium account under Part 17 of the Companies Act 2006.
Is a capital reduction hearing a sign of financial distress?
No. A capital reduction is a standard corporate balance sheet management technique used to wipe out accumulated losses, distribute capital, or create distributable reserves. It is not an insolvency proceeding.
How are trade creditors protected in a capital reduction?
Under section 646 of the Companies Act 2006, the court requires the petitioning company to satisfy all existing debts, obtain creditor consent, or provide adequate security before approving the reduction.
When does a court-approved capital reduction become effective?
The reduction takes effect on the date that Companies House registers the High Court order together with the updated statement of capital.
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.