PSR Equities: control and mortgage-financing roles

analysisPSR Equities Limited, company number 09406074, records Raja as its PSC from June 2016. Its interests include control of Solar Bridging from February 2023 and historical interests in Credit Capital and 3CG Holdings. Those historical roles remain dated; they are not current direct control of every downstream company. ^{1 2 3 4}

qualification

The registry records overlapping controller categories. These bands do not establish exact percentages or justify adding the upper bounds together. The recorded notification and cessation dates overlap by one week; the register’s dates are preserved rather than normalised.

analysisThe MFS proposals list a roughly £40.9 million creditor under an OCR-distorted PSR name and a matching service address. The identity reconciliation is qualified by the schedule’s text quality. A company’s claim against MFS is a creditor role, separate from its positions in mortgage note structures. ^{5 1}

qualification

The creditor name is imperfect OCR. The entry alone does not establish whether the named claimant was PSR Equities or another legal entity; matching initials or a service address do not resolve that identity.

analysisThe November 2024 Trident deed identifies PSR Equities as subordinated lender, risk-retention holder and initial mezzanine noteholder. Banco Santander’s London branch supplied the senior role, while MFS acted as mortgage seller and introducer. This arrangement places a Raja company in the junior funding position even though Trident’s registered controller was a trustee. ^{1 2}

qualification

The registered controller and security trustee must be distinguished from economic funders; the PSC page alone does not establish all beneficial interests.

analysisThe deed also links early amortisation to specified events, including control changes, reputational events and PSR cross-default. These are contractual protections and triggers, not evidence that every listed event occurred. ¹