Halo Financial Limited (05155787): administration
- Status
- In administration
- Administration began
- 2026-05-29
- Administrators
- Louise Longley, Bai Cham
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2004-06-16
- Location
- Leeds
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Cash flow / liquidity pressure
- Creditor pressure / legal action
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Sustained trading losses
From the administrators' statement
Halo Financial Limited is a private company limited by shares and was incorporated on 16 June 2004 with company number 05155787. It was set up as a foreign exchange service provider in 2004, and its business went live in 2005. The Firm traded for approximately 20 years, and its business was providing foreign exchange (currency conversion) alongside international payment services to corporate and private clients in the United Kingdom. The Firm offered both spot trades and deliverable forward contracts. It did not offer any derivatives, options, or non-deliverable forwards.
In the three years leading up to the Special Administration turnover averaged £344m per year. The Firm had a book of 2,987 active trading customers over the last 12 months (comprising 2,649 private customers and 338 corporate customers). The Company employed approximately 30 members of staff from two locations comprising a virtual office in London and a physical office in Redruth, Cornwall.
In March 2025, the Firm completed the acquisition of the private client business unit of another payment institution. The acquisition increased transaction volumes and operational demands at a time when the Firm was managing technology and banking provider transitions.
Administrators' statement of proposals (2026-08-04) · Companies House register