Solar Bridging Limited (13213135): administration
- Status
- In administration
- Administration began
- 2026-06-05
- Administrators
- Joanne Robinson, Dan Mindel, Simon J Edel
- Administrators' firm
- EY
- Incorporated
- 2021-02-19
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Creditor pressure / legal action
- Management failings / irregularities
- Cash flow / liquidity pressure
- Parent or group failure
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 19 February 2021 and formed part of a wider group of companies associated with MFS. It is a wholly owned subsidiary of PSR Equities Limited, which also entered administration on 10 March 2026. PSR’s ultimate owner, and the sole director of Solar, is Paresh Raja.
Solar is one of many SPVs set up by the founder of MFS (Paresh Raja) to provide debt capital as part of MFS’ mortgage and bridge lending businesses. MFS, PSR Equities and various other associated companies have been placed into administration amongst allegations that Mr Raja, perpetrated a fraud on companies under his control, including Solar.
Solar operated as a bridging lender, generating income through interest charged on short-term, asset-backed loans secured against UK property. MFS was responsible for originating and servicing the loans, however it was reliant upon the Company (together with other MFS Silos) to provide capital to fund this. In the case of Solar, this funding had been provided by Macquarie under first ranking security and PSR as mezzanine and subordinated lender.
Administrators' statement of proposals (2026-08-07) · Companies House register