SEGRO plc Listed for High Court Scheme of Arrangement Hearing (CR-2026-006086)
A High Court hearing involving SEGRO PUBLIC LIMITED COMPANY (company number 00167591) has been scheduled before the Insolvency and Companies Court for 28 August 2026 at 10:30am. The matter, registered under case reference CR-2026-006086, is listed to be heard remotely via MS Teams. Unlike compulsory winding-up applications or creditor petitions, this proceeding is classified as a scheme of arrangement governed by Part 26 of the Companies Act 2006. A Part 26 scheme is a statutory, court-sanctioned mechanism used primarily by UK public listed companies to effect group reorganisations, corporate restructurings, or recommended public takeover acquisitions.
Hearing details
The hearing entry on the High Court cause list sets out the following operational parameters:
| Attribute | Cause List Entry |
| :--- | :--- |
| Company Name | SEGRO PUBLIC LIMITED COMPANY |
| Company Number | 00167591 |
| Case Reference | CR-2026-006086 |
| Court Division | High Court of Justice, Insolvency and Companies Court |
| Hearing Date & Time | 28 August 2026 at 10:30am |
| Hearing Format | Remotely via MS Teams |
| Case Type | Scheme of Arrangement (Part 26 Companies Act 2006) |
| Party Role | Applicant / Subject Company |
Company snapshot
SEGRO plc is a long-established UK Real Estate Investment Trust (REIT) focused on ownership, asset management, and development of modern warehousing and industrial property. Incorporated on 19 May 1920 (originally as Slough Estates Limited), the company retains its registered office at 1 New Burlington Place, London, England, W1S 2HR.
Public entries on the Companies House register record the business status as active. Its statutory Standard Industrial Classification (SIC) codes comprise:
- 64306: Activities of investment trusts
- 68100: Buying and selling of own real estate
- 70100: Activities of head offices
As a major constituent of the UK commercial property market and a FTSE 100 listed company, SEGRO plc maintains an extensive portfolio of prime logistics assets across the UK and Continental Europe. The filing of a Part 26 scheme hearing does not reflect insolvency, but rather represents a procedural milestone in implementing a structured corporate transaction.
Understanding Part 26 schemes of arrangement
A scheme of arrangement under Part 26 of the Companies Act 2006 is a formal legal agreement between a company and its members (shareholders) or creditors. To become legally binding, the proposed scheme must achieve statutory approval thresholds at court-ordered meetings (specifically, a majority in number representing at least 75% in value of those voting) and subsequently receive final sanction from the High Court.
Schemes are commonly deployed for major corporate events including:
1. Recommended Public Takeovers: Acquiring a target company's share capital via a court-sanctioned scheme rather than a contractual takeover offer.
2. Holding Company Insertions: Establishing a new top-tier holding company above an existing listed entity to alter corporate structure or domicile.
3. Capital Restructurings: Reorganising share capital, debt instruments, or intra-group liabilities across a large corporate structure.
Directors and corporate governance
As a public limited company listed on the London Stock Exchange (LSE: SGRO) and Euronext Paris, SEGRO plc operates under strict corporate governance codes, overseen by a board of executive and non-executive directors. Public disclosures regarding board appointments, committee structures, and major shareholding notifications under DTR 5 are routinely filed with the Financial Conduct Authority and registered at Companies House.
Filings and statutory notice activity
Any scheme of arrangement affecting shareholder rights or corporate structure requires formal notice publication. Formal notices of scheme meetings, explanatory statements, and court sanction dates are published in The Gazette. Once sanctioned by the court, an order confirming the scheme must be delivered to the Registrar of Companies to take legal effect under section 899 of the Companies Act 2006.
What this means for counterparties, suppliers and lenders
For commercial counterparties, tenants, suppliers, and financial partners, a scheme listing for a major plc should be reviewed in its specific legal context. Unlike insolvency procedures, a scheme of arrangement is an orderly, court-supervised mechanism.
Worked scenario: FTSE 100 corporate reorganisation
When a listed property group utilizes a Part 26 scheme, the transaction usually involves issuing explanatory circulars to equity holders. For example, if SEGRO plc were acquiring an underlying property portfolio or executing a group restructuring, trade creditors and operational counterparties typically experience no operational disruption. Day-to-day trading, vendor payments, and tenant lease agreements remain governed by existing contractual terms.
Recommended counterparty verification steps
Corporate credit officers and legal teams conducting risk assessments should follow a structured verification checklist:
- Review Transaction Documentation: Inspect the scheme circular and investor relations announcements released via the London Stock Exchange RNS service to confirm the transaction's commercial scope.
- Perform a Insolvency Check: Run a comprehensive winding up petition search across the parent company and operating subsidiaries to confirm the absence of adverse creditor petitions.
- Inspect Registered Security: Conduct a thorough company charge check to verify whether the restructuring involves refinancing, charge modifications, or new debentures registered against real estate assets.
- Establish Real-Time Tracking: Set up free company monitoring to receive automatic updates on new High Court filings, sanction orders, and statutory filings submitted to Companies House.
How to investigate further
Legal professionals and risk managers can track High Court listings daily using the today's cause list monitor or review historical listings on the official roll. Statutory filings, corporate charges, and annual returns can be cross-referenced via Companies House and official notices published by The Gazette.
FAQ
Does a Part 26 scheme of arrangement mean the company is insolvent?
No. A Part 26 scheme of arrangement is a general corporate law procedure under the Companies Act 2006 used for solvency-neutral reorganisations, corporate acquisitions, and share capital restructuring. It is distinct from Part 26A restructuring plans introduced under the Corporate Insolvency and Governance Act 2020, which require financial distress.
What occurs at the High Court scheme hearing?
Depending on the procedural stage, the High Court hearing will either be a convening hearing (where the court gives directions to summon shareholder or creditor meetings) or a sanction hearing (where the court reviews approval votes and approves the scheme).
Are trade creditors bound by a scheme of arrangement?
A scheme of arrangement only binds those classes of creditors or members specifically included in the scheme proposal and voted upon. In solvent corporate reorganisations or corporate acquisitions, trade creditors are typically unaffected and paid in the normal course of business.
How long does a High Court scheme process take to complete?
From the initial High Court convening application to the final sanction hearing and delivery of the court order to Companies House, a standard Part 26 scheme typically takes between six and twelve weeks, subject to court availability and shareholder voting timelines.
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.