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His name suggests he may be the wrong flavour

Noting the discussion on the validity or otherwise of RM's floating charge. The issue probably relates not so much to the Companies Act, but to the Insolvency Act 1986, and would hinge on whether the loan by RM to the club was made prior to the charge being granted. If, for example, the loan was made in October 2023, and RM did not take his floating charge from the club until the reported date of 20 December 2023, the validity of the charge would be challengeable under section 245 (avoidance of certain floating charges): "Subject as follows, a floating charge on the company’s undertaking or property created at a relevant time is invalid except to the extent of the aggregate of— (a)the value of so much of the consideration for the creation of the charge as consists of money paid, or goods or services supplied, to the company at the same time as, or after, the creation of the charge, (b)the value of so much of that consideration as consists of the discharge or reduction, at the same time as, or after, the creation of the charge, of any debt of the company, and (c)the amount of such interest (if any) as is payable on the amount falling within paragraph (a) or (b) in pursuance of any agreement under which the money was so paid, the goods or services were so supplied or the debt was so discharged or reduced."