Secured Income Fund Plc Capital Reduction Listed at High Court
On 11 August 2026 at 10:30am, the Insolvency and Companies Court at Court 2 of the Rolls Building, London, is listed to hear a reduction of capital petition for SECURED INCOME FUND PLC under case reference CR-2026-004799. The court proceeding forms a standard procedural step for public limited companies seeking judicial confirmation to reduce share capital and return surplus funds to equity holders following a period of asset realization.
Hearing details
The matter is scheduled before a High Court Registrar in the Insolvency and Companies Court list. Capital reduction applications for public limited companies are governed by Part 17 of the Companies Act 2006, which requires court confirmation under section 645 where capital is being cancelled or returned to shareholders.
| Hearing Attribute | Detail |
| :--- | :--- |
| Court | High Court of Justice, Insolvency and Companies Court |
| Venue | Court 2, The Rolls Building, 7 Rolls Buildings, Fetter Lane, London EC4A 1NL |
| Date & Time | 11 August 2026 at 10:30am |
| Case Reference | CR-2026-004799 |
| Case Type | Reduction of Capital (Companies Act 2006 s.645) |
| Company Name | SECURED INCOME FUND PLC |
| Company Number | 09682883 |
Under the statutory framework, a court-sanctioned reduction allows a public company to cancel reserve capital or return excess capital that is no longer required for its operational purpose.
Company snapshot
SECURED INCOME FUND PLC (Company No. 09682883) was incorporated on 13 July 2015 as a public limited company. Its registered office is located at Level 4, Dashwood House, 69 Old Broad Street, London, EC2M 1QS. The business is categorized under SIC code 64301, covering the activities of investment trusts.
According to its latest accounts filed for the period ending 30 June 2025, the company maintained net assets of £4,073,000 (£4.073 million). The financial statements were submitted with an unqualified audit opinion and contained no going-concern qualification. The filings state that the principal activity remains the orderly realisation of the portfolio's remaining holdings and subsequent distribution of cash balances to shareholders.
Lenders and commercial partners reviewing corporate risk regularly perform a company charge check on the Companies House register to inspect fixed and floating security before capital distributions proceed.
Directors and ownership
Public management records on the official Companies House register indicate that the board consists of appointed investment and corporate governance professionals responsible for overseeing the managed wind-down.
Because the entity is structured as a public investment company, equity control is distributed across institutional and retail shareholders rather than a single controlling person with significant control (PSC), in line with standard public fund structures.
Recent filings and Gazette activity
A review of statutory publications in The Gazette shows no compulsory insolvency filings, petitions, or winding-up orders against SECURED INCOME FUND PLC. The current court listing relates strictly to solvent capital management under company law rather than debt recovery or insolvency enforcement.
Corporate filings lodged at Companies House show routine compliance, including annual accounts, confirmation statements, and board administrative updates consistent with an entity executing an orderly realization strategy.
What this means for suppliers, creditors and counterparties
When a public limited company petitions the High Court for a reduction of capital under section 645 of the Companies Act 2006, the court must satisfy itself that the rights of existing creditors are adequately protected before confirming the reduction order.
Under section 646 of the Act, creditors entitled to object are those who hold an admissible claim against the company at the date fixed by the court. The court may require the company to secure debts or provide undertakings before approving the capital return.
To assess risk exposure during court-sanctioned corporate restructurings, commercial counterparties should execute the following steps:
1. Review outstanding accounts: Confirm whether any unpaid invoices or contractual obligations remain outstanding with the subject entity.
2. Inspect public court cause lists: Monitor scheduled listings on the High Court official roll and the daily winding-up petitions list today to remain informed of hearing dates.
3. Conduct debt and insolvency checks: Use a winding up petition search tool to verify that no third-party petitions or winding-up proceedings have been lodged.
4. Establish automated tracking: Set up free company monitoring to receive real-time alerts when statement of capital forms (such as form SH19) or court sanction orders are registered.
Practical scenario
Consider an institutional creditor holding a commercial lease or service contract with an investment entity undergoing capital reduction. Before the High Court approves the distribution of £4.073 million in net assets to equity holders, the company must demonstrate that future lease liabilities or trade debts are either fully satisfied, secured by bank guarantee, or consented to by the contract holder. If a creditor shows that its claim might be imperilled, the court will require formal security before granting the order.
How to investigate further
Corporate intelligence analysts and legal counsel traditionally verify High Court cause lists, order books, and statutory filings manually across multiple public databases including HM Courts & Tribunals Service and Companies House.
By centralising court listings, statutory notices, and registry filings into unified corporate intelligence feeds, Corp Intel allows credit risk teams, insolvency practitioners, and advisers to track capital reduction petitions and court orders instantly without manual registry searches.
FAQ
Why does a public company require a High Court hearing to reduce capital?
Under section 645 of the Companies Act 2006, a public limited company (PLC) cannot reduce its share capital using the private company solvency statement procedure. It must obtain formal court confirmation to protect creditors and ensure capital adequacy rules are met before funds are returned to shareholders.
Does a capital reduction hearing indicate financial distress?
No. Capital reduction is a standard corporate finance mechanism used by solvent companies to cancel uncalled capital, write off accumulated losses against reserve capital, or return excess cash reserves to shareholders during an orderly realization or restructuring.
How are creditor claims protected during this court process?
The High Court requires the petitioning company to demonstrate that all existing creditors have either consented to the capital reduction, had their debts fully paid, or received adequate court-approved security (such as an escrow arrangement or bank guarantee).
Where can creditors track court orders and filing updates?
Creditors can monitor court cause lists directly via official High Court channels, review published notices, or inspect updated statements of capital (form SH19) registered at Companies House upon completion of the court sanction order.
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.