Zircon Bridging Limited (11168447): administration
- Status
- In administration
- Administration began
- 2026-02-20
- Administrators
- Clare Kennedy, Alastair Paul Beveridge
- Administrators' firm
- AlixPartners
- Incorporated
- 2018-01-24
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Management failings / irregularities
From the administrators' statement
In February 2026, certain of the Lenders expressed concerns regarding the provision of information under the various contractual entitlements and the conduct of the wider group’s management, in particular, there was compelling evidence of alleged financial mismanagement in at least three respects:
3.4.1 Firstly, it appeared that most, and potentially all, income arising from mortgage loans advanced by the Company had not been paid or had been diverted to bank accounts other than the designated borrower accounts.
3.4.2 Secondly, it appeared that monies standing to the credit of the designated borrower accounts had not been applied in accordance with Securitisation Documentation.
Administrators' statement of proposals (2026-04-27) · Companies House register