Floating charges have been criticised as a "raw deal" for unsecured creditors. In "Salomon v. Salomon & Co." AC 22 Lord Macnaghten observed that the injustice of the case (as he saw it) was not caused by the introduction of the concept of limited liability, but by the excessive security created by the floating charge. In "Re London Pressed Hinge Co Ltd" [1905 1 Ch 576 Buckley J observed that great mischief arose from the very nature of the floating charge as few of general unsecured trade creditors of the company would even be aware of its existence.