Is Cronus Finance Limited in administration?
Last verified 6 June 2026
Yes, Cronus Finance Limited (company number 16644459) entered administration on 10 March 2026. Adam Paxton of Alvarez & Marsal Europe LLP was appointed as administrator.
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Cronus Finance Limited is now under the control of an administrator. Below are the key dates, the directors, the public-record timeline that led here, and what the administration means if you are a creditor, employee, customer or supplier.
Company at a glance
| Status | In Administration |
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| Company number | 16644459 |
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| Incorporated | 12 August 2025 (1 years old) |
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| Registered office | Suite 3 Avery House, Brighton, BN41 1DH |
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| Nature of business (SIC) | 64999: Financial intermediation not elsewhere classified |
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| Date entered administration | 10 March 2026 |
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| Administrator | Adam Paxton, Alvarez & Marsal Europe LLP (licensed insolvency practitioner) |
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| Official notice | View the official notice ↗ |
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| Statement of Affairs | Filed 13 April 2026, declared assets & liabilities ↗ |
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| Public register | View filing history ↗ |
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About the business
Cronus Finance Limited is a UK limited company based in Brighton, incorporated in 2025 and 1 year old when the administrator was appointed. Its registered activity is financial intermediation not elsewhere classified (SIC 64999). There have been 2 director appointments since incorporation, of which 2 were on the board when the administrator was appointed, alongside 1 person with significant control. 1 charge has been registered against the company, 1 of which is still outstanding.
Statement of Affairs
The administrator filed a Statement of Affairs on 13 April 2026. It declared:
Assets available to unsecured creditors
£912,202
Estimated shortfall to unsecured creditors
£688,563
Estimated total deficiency
£688,562
Show secured-creditor figures
Estimated total assets available for preferential creditors£912,202
Estimated total assets available for floating charge holders£706,373
The Statement of Affairs is the administrator's estimate at the point of filing. Realisations on insolvency often differ. View the full filing ↗
Directors
2 people have been appointed as directors of Cronus Finance Limited.
DirectorStatusAppointedResigned
Persons with significant control
Individuals or entities with significant influence or control.
Ocorian (Uk) Limited
corporate entity person with significant control
Ownership of shares 75-100%Voting rights 75-100%Right to appoint and remove directors
Charges register
Secured creditors and encumbrances against the company. 1 outstanding · 0 satisfied.
Status · Creditor · Type · Dates
OutstandingOcorian Trustee (UK) Limited (Trading as Nordic Trustee (UK)) (as Security Agent)
A registered charge · Created 27 Oct 2025 · Pending
What happened
EventDateType
Notice of deemed approval of proposals19 May 2026AM06
Statement of administrator's proposal6 May 2026AM03 Statement of affairs13 April 2026AM02 Registered office address changed12 March 2026AD01 Appointment of an administrator10 March 2026AM01 +3 earlier events · 2025
Current accounting period extended30 December 2025AA01 Registration of charge , created4 November 2025MR01 Appointment as a director26 August 2025AP01 Incorporation12 August 2025NEWINC What this means for you
If you are a creditor
Contact the administrator (Alvarez & Marsal Europe LLP) to register your claim. You cannot start or continue legal action against the company without the court's or administrator's permission. Unsecured creditors are typically paid last.
A creditor's checklist →If you are an employee
Employees are preferential creditors for certain unpaid wages and holiday pay, and may be able to claim from the Redundancy Payments Service if roles are made redundant.
Employee rights and redundancy pay →If you are a customer
Orders, deposits and warranties may be affected. Deposits paid are usually unsecured claims. Contact the administrator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the appointment are an unsecured claim. Check whether any retention-of-title clause applies to goods you can identify and recover.
How retention of title works →Don't be the last to know next time
Most suppliers only find out a customer has failed once it is announced. By then it is too late. Protect monitors every company you sell to and emails you as the warning signs build, well before it becomes official. We can't stop a customer failing, but you'll never be the last to know, and you'll know you did all you could.
See how Protect works, £24/mo →Other companies in administration
Related guides
The bigger picture
Frequently asked questions
- Is Cronus Finance Limited in administration?
- Yes. Cronus Finance Limited (company number 16644459) entered administration on 10 March 2026. Adam Paxton of Alvarez & Marsal Europe LLP was appointed as administrator.
- Who is the administrator of Cronus Finance Limited?
- Adam Paxton, a licensed insolvency practitioner at Alvarez & Marsal Europe LLP, was appointed administrator of Cronus Finance Limited on 10 March 2026. Creditors can contact the administrator directly to submit a claim.
- What does Cronus Finance Limited do?
- Cronus Finance Limited's registered nature of business is financial intermediation not elsewhere classified (SIC 64999).
- Where is Cronus Finance Limited based?
- Cronus Finance Limited's registered office is Suite 3 Avery House, Brighton, BN41 1DH. The registered office is the address held on the public register, which is not always the trading address.
- When was Cronus Finance Limited founded?
- Cronus Finance Limited was incorporated on 12 August 2025, 1 year before the administrator was appointed.
- What is Cronus Finance Limited's company number?
- Cronus Finance Limited's registered company number is 16644459.
- Who has significant control of Cronus Finance Limited?
- 1 active person with significant control over Cronus Finance Limited is on the register: Ocorian (Uk) Limited.
- Does Cronus Finance Limited have any outstanding charges?
- an outstanding charge is registered against Cronus Finance Limited out of 1 on file. Outstanding charges represent secured creditors who rank ahead of unsecured creditors in any recovery.
- Are jobs at Cronus Finance Limited at risk?
- When a company enters administration the administrator decides whether to continue trading, sell the business as a going concern, or wind it down. Employees can contact the administrator (Alvarez & Marsal Europe LLP) for any update on their role, and may be able to claim from the Redundancy Payments Service if their job is made redundant.
- What does administration mean for creditors of Cronus Finance Limited?
- Administration is a formal insolvency process that gives a company protection from creditors while an administrator tries to rescue it or achieve a better result than liquidation. Creditors cannot start or continue legal action without permission. Unsecured creditors are usually paid last, often only a portion of what they are owed, if anything.
- When did Cronus Finance Limited go into administration?
- Cronus Finance Limited went into administration on 10 March 2026.
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