# Cronus Finance Limited (16644459)

> Why UK company 16644459 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/16644459

- **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

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/16644459/filing-history/MzUxODQ0Nzg4MGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/16644459

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