Scheme of Arrangement Hearing Listed for International Personal Finance Plc
A court hearing concerning a scheme of arrangement involving International Personal Finance Plc (company number 06018973) has been listed before the Insolvency and Companies Court. The matter is scheduled to take place at 10:30am on 31 July 2026 in Court 7 of the Rolls Building, Fetter Lane, London, under High Court case reference CR-2025-003858.
Schemes of arrangement are governed by Part 26 of the Companies Act 2006 and represent formal court-sanctioned procedures used to implement debt restructurings, capital reorganisations, or corporate takeovers.
Hearing details
The table below outlines the core proceedings recorded on the official High Court cause list:
| Case Attribute | Official Listing Details |
| :--- | :--- |
| Company Name | International Personal Finance Plc |
| Company Number | 06018973 |
| Case Reference | CR-2025-003858 |
| Court Jurisdiction | Insolvency and Companies Court (High Court) |
| Hearing Date & Time | 31 July 2026 at 10:30am |
| Venue | Court 7, The Rolls Building, London |
| Matter Type | Scheme of Arrangement (Part 26 Companies Act 2006) |
Under UK corporate law, a scheme of arrangement requires initial directions from the court to convene class meetings of affected shareholders or creditors, followed by stakeholder voting and a final sanction hearing by a High Court judge.
Company snapshot
International Personal Finance Plc is a UK-incorporated public limited company operating within the international consumer credit and fintech sectors.
- Registered Office: 26 Whitehall Road, Leeds, United Kingdom, LS12 1BE
- Incorporation Date: 5 December 2006
- Company Type: Public Limited Company (PLC)
- Primary SIC Code: 64921 (Other credit granting)
- Official Register: Companies House Company Record
The company is listed on the Main Market of the London Stock Exchange and acts as the ultimate holding entity for subsidiaries delivering personal lending products across European and Latin American markets.
Directors and corporate governance
Public filings on the register show that the company maintains a board of executive and non-executive directors responsible for group governance and regulatory compliance. As a publicly traded issuer, ownership is held across institutional investment funds, asset managers, and retail investors.
Detailed board appointments, resignation histories, and persons with significant control disclosures can be audited directly via Companies House filings.
Recent filings and Gazette activity
Statutory notices regarding scheme court applications are typically published in The Gazette to notify creditors, noteholders, and members of class voting arrangements and hearing dates.
A scheme of arrangement is not a winding-up petition or a formal insolvency administration order. It is a court-supervised corporate procedure designed to make statutory modifications to contractual rights or share rights with the approval of a qualified majority of affected parties.
What this means for counterparties, lenders and investors
When a public company initiates a court-supervised scheme, counterparties and institutional debt holders must follow a structured risk review protocol:
1. Identify the affected asset class: Determine whether the scheme targets equity holders, specific debt tranches, senior unsecured notes, or subsidiary guarantees.
2. Examine scheme circulars: Review the detailed scheme document issued to stakeholders, which sets out voting thresholds, explanation statements, and proposed economic adjustments.
3. Audit security registers: Conduct a company charge check to verify existing debentures, mortgages, and fixed or floating charges registered against corporate assets.
4. Check for parallel legal actions: Perform a comprehensive winding up petition search across group operating subsidiaries to confirm that no adversary debt proceedings exist in tandem with the scheme application.
5. Monitor statutory filings: Set up automated track alerts to catch sanction orders, capital reduction filings, or amendments to constitutional articles.
Practical scenario analysis
Consider a corporate debt investor holding notes issued by a UK entity. If the issuing entity files a scheme petition under CR-2025-003858, the High Court first assesses whether the proposed voting classes are correctly constituted. If 75% in value and a numerical majority of voting participants in each class approve the resolution, the judge at the sanction hearing evaluates fairness and statutory compliance. Once sanctioned and registered at Companies House, the scheme binds all class members, including dissenting or non-voting parties.
How to investigate further
Legal representatives, credit risk managers, and financial analysts can monitor developments through official court records and statutory intelligence resources:
- Track court listings on the daily cause list at the Rolls Building.
- Review full entity records on International Personal Finance Plc via Corp Intel.
- Use free company monitoring to receive real-time email notifications whenever new statutory documents, court filings, or charge updates are recorded.
Frequently asked questions
What is a Part 26 Scheme of Arrangement?
A Part 26 Scheme of Arrangement is a statutory compromise or agreement between a UK company and its members or creditors governed by the Companies Act 2006. It requires court approval, class meeting votes, and final High Court sanction to become legally binding.
Is a Scheme of Arrangement a sign of insolvency?
Not necessarily. While schemes are frequently used for financial restructurings, solvent entities also utilise schemes to execute corporate reorganisations, redomicilations, group capital reductions, or public takeovers.
How does a scheme differ from a Restructuring Plan?
A traditional scheme under Part 26 requires approval from every voting class by 75% in value and a majority in number. A Part 26A Restructuring Plan, introduced by the Corporate Insolvency and Governance Act 2020, allows for a cross-class cram-down, enabling the court to sanction a plan even if a dissenting class votes against it.
What majority is required to pass a scheme resolution?
Under UK law, a scheme resolution must be approved by a majority in number representing at least 75% in value of the creditors or members present and voting, either in person or by proxy, at the court-ordered class meeting.
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.