Earthave Bridging is one of at least five linked bridging-finance entities now in insolvency

Earthave Bridging Limited is one of at least five related bridging-finance entities named as parties in the same High Court proceedings, several of which are already in administration or administrative receivership. Stephen Katz and Paul Appleton of BTG Begbies Traynor were appointed joint administrators on 11 May 2026.

The appointment was sealed by the High Court of Justice Business and Property Courts of England and Wales under court number CR-2026-003629. The Gazette published the notice on 14 May 2026.

The company

Earthave Bridging Limited was incorporated on 5 February 2021 and operates in bridging finance, classified under SIC code 64999 covering other financial service activities not elsewhere included. Its registered office is at Level 33, One Canada Square, London, E14 5AB, with a principal trading address at 2nd Floor, 314 Regents Park Road, Finchley, London, N3 2JX.

The company has no prior trading names on record at Companies House.

The connected cluster

Court records list Earthave Bridging alongside Mars Bridging Limited, which is in administration, Pearl Bridging Limited, also in administration, Mercury Funding Limited, which is in administrative receivership, Neptune Funding Limited, and Zircon Bridging as third parties in separate proceedings involving Rukhmila Properties Limited. The concurrent collapse of multiple vehicles within what appears to be a connected network of bridging-finance special purpose entities is the defining feature of this case.

Administrative receivership is a separate insolvency process, typically triggered by a qualifying floating charge holder appointing a receiver rather than administrators. Administration is a formal insolvency process where licensed insolvency practitioners take control of a company to try to rescue it, sell it as a going concern, or realise its assets for creditors.

The administrators

Katz holds IP number 8681 and Appleton holds IP number 8883. An IP number is the licence number issued by an insolvency practitioner's recognised professional body. Both are of BTG Begbies Traynor (London) LLP, Level 33, One Canada Square, London, the same address as Earthave Bridging's registered office.

Joint administrators are two or more insolvency practitioners appointed to act together; either can usually act alone unless the appointment specifies otherwise.

The officers

At the time of the administration notice, the sole serving director was Paresh Shantilal Raja, appointed on 5 February 2025 and resident in England. Mark Howard Filer, a director since the company's incorporation on 5 February 2021, resigned on 5 February 2025. Two corporate directors, L.D.C. Securitisation Director No. 1 Limited and L.D.C. Securitisation Director No. 2 Limited, were both appointed at incorporation and resigned on the same date as Filer. Law Debenture Corporate Services Limited was corporate secretary from incorporation until 5 February 2025.

For creditors, borrowers and counterparties

Once administrators are appointed, the conduct of the administration passes to Katz and Appleton through BTG Begbies Traynor. Statutory communications and payment instructions to known creditors are issued by the administrators in due course, with correspondence routed through the firm's address at Level 33, One Canada Square.

Creditors wishing to evidence a claim in the administration do so by submitting a proof of debt, the formal claim form a creditor files with the administrators to set out the amount owed and the basis for it.

From the moment of appointment, a moratorium under Schedule B1, paragraph 43 of the Insolvency Act 1986 takes effect. This is the legal pause on most creditor enforcement action once a company is in administration: creditors generally cannot start or continue court proceedings, or enforce security, without the court's permission.

Counterparties with outstanding bridging loans or other contractual arrangements with Earthave Bridging rank according to the nature of their claim. Borrowers under bridging facilities will need to engage with the administrators regarding the status of those loans. Unsecured creditors, those whose debts are not backed by a charge over assets, rank behind any secured creditors and the costs of the administration itself when distributions are made.

No charges are recorded at Companies House against Earthave Bridging. For a bridging-finance vehicle this is notable, and may reflect the securitisation structure suggested by the involvement of the L.D.C. Securitisation Director entities in its early governance.

Employees, if any, whose wages, notice pay or redundancy entitlements are affected by the administration have access to the statutory safety net operated by the Redundancy Payments Service, which meets certain claims from the National Insurance Fund where an employer cannot pay. The administrators are responsible for identifying and notifying affected employees as the process progresses.