Pearl Bridging Limited (13664628): administration
- Status
- In administration
- Administration began
- 2026-03-02
- Administrators
- Nimish Chandrakant Patel
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2021-10-06
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Creditor pressure / legal action
From the administrators' statement
The Company was incorporated on 6 October 2021 and operated as a provider of bridging finance to residential and small and medium-sized enterprise mortgage lenders. The Company is a special purpose vehicle owned by ZGL, which is ultimately owned by the Director of the Company. The Company is affiliated to a wider corporate group comprising some 51 entities, all of which are either in administration or another form of insolvency process or are subject to imminent enforcement action by creditors.
The Company’s business model involved the origination and funding of short-term, property-backed lending, typically secured by way of first or, in certain cases, second legal charges over real estate assets. At the time of its administration, the Company’s records indicate that it had approximately 36 current loans, which are believed to be secured against properties located in England and Wales.
The Company’s loan portfolio was managed by MFS, a specialist property finance servicer responsible for administering bridging loans and other short-term mortgage products on behalf of the Company and other members of the Company’s wider group. The group’s financial difficulties, particularly those of MFS, have been widely reported in the financial press.
Administrators' statement of proposals (2026-08-13) · Companies House register