Casson Square Property Limited (16021470): administration
- Status
- In administration
- Administration began
- 2026-03-10
- Administrators
- Joanne Hewitt-Schembri, Ali Abbas Khaki, Matthew Boyd Callaghan
- Administrators' firm
- FTI Consulting
- Incorporated
- 2024-10-16
- 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 property in London at Apartment 2801 Casson Square, London, SE1 7DY (“the Property”). The Company obtained financing by way of loans provided by Amber Bridging Limited (“ABL”) and London Bridging Limited (“LBL”) secured against the Property (“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 Dipendra Amin, it is understood Mr Amin 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 Property.
Following the appointment of administrators over ABL and the MFS Group, ABL subsequently 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.
Administrators' statement of proposals (2026-05-11) · Companies House register