Cronus Finance Limited (16644459): administration
- Status
- In administration
- Administration began
- 2026-03-03
- Administrators
- Robert Andrew Croxen, Adam Paxton, Carl James Bowles
- Administrators' firm
- Alvarez & Marsal
- Incorporated
- 2025-08-12
- Location
- Brighton
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Management failings / irregularities
From the administrators' statement
The Company was incorporated on 12 August 2025 and operates as a special purpose vehicle (“SPV”) in a securitisation structure. As at the date of our appointment, the Company had not yet filed its first set of statutory accounts.
The Company’s principal activity is to hold a portfolio of bridge finance loans secured against commercial and residential properties in the UK. The Company’s mortgage portfolio (the “Portfolio”) comprises of:
" a ‘back book’ of mortgage loans (and related security) originated by Icon Funding Limited ("IFL") (the “Back Book’); and
Administrators' statement of proposals (2026-05-06) · Companies House register