Founded in 2006, MFS has been active in the specialist property finance market for almost 20 years. Over its lifetime, the firm said it has originated more than £1.2 billion in cumulative lending, with its loan book reaching around £2.4 billion at its peak.
“This is an extremely difficult moment for everyone connected with Market Financial Solutions,” said Paresh Raja (pictured top), founder of Market Financial Solutions Limited. “As a family-founded business that has been built over nearly 20 years, this is not a decision that has been taken lightly.
“The current situation does not reflect a failure of the underlying business or the quality of our assets, but rather a technical and procedural impasse that has temporarily limited our access to everyday banking facilities.
“My priority is, and always has been, the people behind this business – our staff, our investors and our creditors. Entering administration allows the company to be protected while we work openly and cooperatively with the joint administrators to find a way forward. I remain fully committed to preserving value and doing everything possible to support a positive outcome for all stakeholders.”
The move has also drawn comment from within the specialist lending community, where MFS has been a long‑standing participant and intermediary partner.