AFX Markets Ltd (07612002): administration
- Status
- In administration
- Administration began
- 2019-08-27
- Administrators
- Daniel Mark Richardson, Jonathan Elman Avery Gee
- Administrators' firm
- CG&Co
- Incorporated
- 2011-04-21
- Location
- Manchester
- Industry
- 64191 Banks
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
From the administrators' statement
The Company was incorporated on 24 April 2011 under Company number 07612002. It’s registered office was 3 More London Riverside London SE1 2RE and the Company had 2 Directors and Shareholders, Mario Persichino and Giovanni Duo.
On 13 June 2011 Ricardo Dytz was appointed as a Director but he resigned as a Director on 8 February 2012. On 5 July 2011 Patricia Sanjurjo-Razzell was appointed as a Director but she also resigned as a Director on 27 June 2012. On 26 August 2011 Manuella Mazzacco was appointed as a Director.
In May 2012 the Company was authorised by the FCA under member number 560872 and the Company acted as broker for customers trading on its online trading platforms (ww.afxgroup.com and www.stofs.co.uk), principally in foreign exchange and contracts for difference products. According to figures provided by the firm it had approximately 1,200 customers and was responsible for the safekeeping of approximately £7.5m of client money.
Administrators' statement of proposals (2019-10-25) · Companies House register