Mable Commercial Funding Limited (in administration)

This site provides information regarding the progress of the administration of Mable Commercial Funding Limited ("Mable") and will be updated as and when new information becomes available.

On 4 April 2025 the Administrators of Mable have issued a combined progress and final report including sending notice of move from administration to dissolution to the Registrar of Companies.

By order of the Court, the Administrators will be discharged from liability 28 days after the Registrar of Companies registers the notice. Mable will also be dissolved three months after the notice has been registered by the Registrar of Companies.

Alison Campbell Grant, David James Kelly, Dan Yoram Schwarzmann, Edward John Macnamara and Gillian Eleanor Bruce were appointed as Joint Administrators of Mable Commercial Funding Limited to manage its affairs, business and property as agents without personal liability. 

Timeline

  • In 2008, Mable Commercial Funding Limited ("Mable") entered administration after its parent company Lehman Brothers Holdings Inc. filed for Chapter 11 bankruptcy in the US. 
  • The administrators pursued the objective of achieving a better result for Mable's creditors than a winding up. Mable was a holding company that funded mortgages and asset-backed debt for its subsidiaries, which held various mortgage loan assets, bonds and residual interests in securitisation structures (Mortgage Assets).

Contacts

Alison Campbell Grant, David James Kelly, Dan Yoram Schwarzmann, Edward John Macnamara and Gillian Eleanor Bruce are licensed in the United Kingdom to act as insolvency practitioners by the Institute of Chartered Accountants in England and Wales.  The Joint Administrators are bound by the Insolvency Code of Ethics which can be found at: https://www.gov.uk/government/publications/insolvency-practitioner-code-of-ethics

The Joint Administrators may act as controllers of personal data, as defined by the UK data protection law, depending upon the specific processing activities undertaken. PricewaterhouseCoopers LLP may act as a processor on the instructions of the Joint Administrators. Personal data will be kept secure and processed only for matters relating to the Joint Administrators' appointment. Further details are available in the privacy statement on the  PwC.co.uk  website or by contacting the Joint Administrators. 

Mable Commercial Funding Limited is registered in England and Wales with registered no. 02682316. 

VAT registration no. 446 9315 28 

The Administrators are bound by the Insolvency Code of Ethics which can be found here.

Contact us

Alison Grant

Alison Grant

Director, PwC United Kingdom

Tel: +44 (0)20 7804 7933

David Kelly

David Kelly

Restructuring and Insolvency Partner, UK Head of Insolvency, PwC United Kingdom

Tel: +44 (0)7974 332659

Dan Schwarzmann

Dan Schwarzmann

Head of Market Initiatives and Non-Executive Director Programme Chair, PwC United Kingdom

Tel: +44 (0)7778 211066

Ed  Macnamara

Ed Macnamara

Partner, Head of Restructuring, PwC United Kingdom

Tel: +44 (0)7739 873104

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