# E Coda Residences Limited (15843312)

> Why UK company 15843312 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/15843312

- **Status:** In administration
- **Administration began:** 2026-03-10
- **Administrators:** Joanne Hewitt-Schembri, Ali Abbas Khaki, Matthew Boyd Callaghan
- **Administrators' firm:** FTI Consulting
- **Incorporated:** 2024-07-17
- **Location:** London
- **Industry:** 68100 Buying and selling of own real estate

## Why it went into administration

- Creditor pressure / legal action

## From the administrators' statement

The Company was set up as a special purpose vehicle (“SPV”) for the purpose of purchasing properties at Coda Residences, 6 York Place, London, SW11 3JD in London (“the Properties”). The Company obtained financing by way of loans provided by Amber Bridging Limited (“ABL”) and Icon Funding Limited (“IFL”) secured against the Properties (“the Secured Creditors”). ABL’s sole director is Paresh Raja who is the founder of Market Financial Solutions Limited and associated companies (“the MFS Group”). The Company’s sole director is Dipeshkumar Patel, it is understood Mr Patel is an associate of Paresh Raja.

In conjunction with Slaughter and May (“SandM”), our legal advisors, we are reviewing the validity and priority of the Secured Creditors’ charges over the Properties.

Following the appointment of administrators over ABL and the MFS Group, ABL took enforcement action over the loan it had granted to the Company (following events of default} and then applied to the Court to place the Company into Administration.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/15843312/filing-history/MzUxOTg3MTk4N2FkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/15843312

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.