Document background
A Deed of Release Debenture is used when a company has fully repaid its secured debt or when there is agreement to release security for other commercial reasons. This document, governed by English and Welsh law, formally discharges the security created by the original debenture and requires registration at Companies House. It includes details of the original security, confirmation of release, and any conditions attached to the release. The deed is particularly important for maintaining clear records of security interests and enabling companies to create new security over their assets.
