Heliara Finance Limited (16653491): administration
- Status
- In administration
- Administration began
- 2026-03-09
- Administrators
- Joshua James Dwyer, Kristina Kicks
- Administrators' firm
- Interpath Advisory
- Incorporated
- 2025-08-15
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
From the administrators' statement
The Company was incorporated in England and Wales on 15 August 2025 and, at the time of incorporation, its registered office was at Level 5 20 Fenchurch Street London United Kingdom EC3M 3BY. The Company is a securitisation SPV and was established to provide financing for the purchase of Mortgage Loans originated by MFS.
MFS was a London-based, specialist property financier that primarily provided bespoke bridging loans and buy-to-let mortgages. On 25 February 2026, Benjamin Browne, Alastair Beveridge and Simon Appell of AlixPartners UK LLP were appointed joint administrators of MFS by the High Court of Justice, Business and Property Courts of England and Wales, Insolvency & Companies List (ChD) (the ‘Court’). On 19 March 2026, Mr Beveridge ceased to act as Joint Administrator by way of a notice of resignation having received permission from the Court to resign, with Mr Browne and Mr Appell continuing as Joint Administrators of MFS (the ‘MFS Administrators’).
The Company is not part of the MFS group and was primarily funded via a senior note facility provided by the Senior Noteholder. Subordinated funding was provided by Venus (VHL) Holdings Limited (the ‘Subordinated Lender’), a company associated with MFS. The Subordinated Lender was placed into Administration on 24 February 2026 and Stephen Katz of Begbies Traynor (London) LLP and Nimish Patel of Coots & Boots were appointed as joint administrators.
Administrators' statement of proposals (2026-05-08) · Companies House register