Emma RadmoreMonevium Ltd – a payment services firm – has entered special administration. Adam Stephens and Christopher Allen of S&W Partners were appointed joint special administrators of the firm on 18 June 2026...
Category - Restructuring & Insolvency
Laura Wiles
Harry WellsConsumer lender enters administration
Amplify Capital (U.K.) Limited, a consumer lender and credit broker which traded as Reevo Money and My Community Finance , has gone into administration with Robert Spence and Gareth Slater of Interpath Advisory...
Debt resolution firms enter administration
Two debt resolution firms authorised to carry out debt purchasing and debt collection activities have entered administration. Silicon Marketing Limited entered administration on 21 May 2026, with Carrie James and Nick...
WBD advises on payment services firm Halo Financial special administration
Halo Financial Limited – a firm authorised by the FCA to provide foreign exchange services – has entered special administration under the Payment and Electronic Money Special Administration Regime (PESAR). Bai Cham and...
Blankstone Sington returns all client assets in investment bank special administration
Blankstone Sington – an FCA authorised wealth management and stockbroking firm – has returned 100% of its clients’ money and assets following the transfer of the business to Redmayne Bentley. Andrew Poxon, Alex...
SPI SB Remit enters administration
Sukate & Bezeboh Ltd (t/a SB Remit) – a small payments institution (SPI) – has entered administration. Frank Ofonagoro and Charles Turner of Opus were appointed joint administrators of the firm on 22 May...
Credit broker host enters liquidation
Kanda Products and Services Ltd, a credit broker that had a network of around 700 IARs, has entered liquidation. The firm mainly appointed as its IARs traders who wanted to introduce customers to finance for home...
FCA denies further remediation for Wellesley complainants
The FCA has issued a response to complaints regarding its handling of Wellesley & Co, a formerly authorised firm which had promoted and arranged high-risk property development investments which were not covered by...
Court approves distribution scheme for failed insurance broker client monies
EC3 Brokers Ltd, a Lloyds insurance broker, went into administration in late 2022 holding client monies subject to CASS 5. Its clients were corporate entities which were either end-insureds/reinsureds or were producing...
Amy GallimoreBoE updates operational guides
The BoE updated its guidance on how it might implement the UK resolution regime if a bank fails. The new guidance looks at matters such as how the BoE might execute a transfer resolution, and has updated the guidance on...
Crowdfunding platform enters administration
Shojin Financial Services Limited – a crowdfunding platform authorised by the FCA – has entered administration. Simon Carvill-Biggs and Ian Corfield of FRP were appointed joint administrators of the firm on...
Equity for Growth (Securities) enters liquidation on petition by the FCA
Equity for Growth (Securities) Limited has entered liquidation on petition by the FCA. EFG is a corporate finance firm, and acted as principal for several appointed representatives between 2015 and 2020. The FCA...
Concept Capital Group enters administration, halting FCA enforcement proceedings
Concept Capital Group Ltd (CCG) has entered administration. Joanne Hammond and Jason Ainge of BTG were appointed joint administrators of the firm on 9 March 2026. In July 2025, the FCA had announced High Court...
Property lender Market Financial Solutions enters into administration amid fraud allegations
Market Financial Solutions Limited (MFS), one of the UK’s leading specialist property finance lenders, has been placed into administration. The High Court decision comes amid claims of serious financial...
High Court decision provides guidance on distribution plans in investment bank special administrations
The High Court has handed down a decision offering important guidance on the appropriate timing and scope of court involvement in the preparation of distribution plans under the Investment Bank Special Administration...
Wealth management firm Logic Investments enters special administration
Logic Investments Ltd – a wealth management firm – has entered special administration. Alex Watkins and Ed Boyle of Interpath were appointed joint special administrators of the firm on 16 January 2026. In...
Court concludes special administrators unable to terminate customer contracts to protect firm’s economic interests
In a directions application, the High Court concluded that the joint special administrators (JSAs) of Argentex were not entitled to terminate customer contracts under the firm’s terms of business for the purpose...
Court appoints creditors’ proposed special administrators in API insolvency
The High Court has granted a payment institution special administration order for JNFX Ltd – an authorised payment institution – upon application by its directors. It was common ground between the parties...
Payment services firm Currency Matters enters special administration
Currency Matters Limited – a firm authorised by the FCA to provide payment services to corporate and retail clients – has entered into special administration. Frank Ofonagoro and Allister Manson of Opus...
Court sanctions distribution plan in Rational FX special administration
The High Court has approved a distribution plan in the special administration of Rational Foreign Exchange Ltd which enables the joint special administrators – Kristina Kicks and Edward Boyle of Interpath –...
Waltham Forest Council Employee Credit Union enters administration
Waltham Forest Council Employee Credit Union – which traded as Forest Savers – has entered into administration and ceased trading. Dina Devalia and Terri Mulgrew of Quantuma were appointed joint...
Payments and e-money firm Ziglu enters special administration
Ziglu Limited – an authorised e-money and payment services firm – has entered into special administration. David Shambrook and Damian Webb of RSM were appointed joint special administrators of the firm on 7...
NextCrowd enters administration
Business Agent Limited, trading as NextCrowd and NextFin, has entered administration. The FCA had placed restrictions on the company in July 2024 following significant regulatory breaches. Louise Longley and Julian...
API enters special administration
Blackthorn Finance Ltd, an authorised payment institution, has entered special administration. The FCA had imposed restrictions and an asset requirement on the firm in late 2023 and the firm had entered members...
Artis Finance becomes latest non-bank lender to enter administration
Artis Finance Limited has become the latest non-bank trade finance outfit to enter administration. James Cameron, Tom Crookham and Edward Macnamara of PwC were appointed joint administrators of the London finance...
E-money firm goes into special administration
Nvayo Limited, an EMI, has entered special administration. The FCA had placed restrictions on the firm in 2023 because of AML compliance concerns, which meant the firm could not carry on any emoney services without the...
Stenn fintech collapse – what’s happened so far
Recent updates from Stenn’s administrators have cast light on the hasty demise of the London-based fintech business, which continues to generate considerable interest. Kristina Kicks, Joshua Dwyer and James Tucker...