Fido Finance Limited (09385075): administration
- Status
- In administration
- Administration began
- 2023-06-02
- Administrators
- Edward George Boyle, Kristina Kicks
- Administrators' firm
- Interpath Advisory
- Formerly
- NP Capital Investment Limited
- Incorporated
- 2015-01-12
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
- HMRC / tax arrears
From the administrators' statement
The Company was incorporated on 12 January 2015 and commenced trading in early 2020 from its registered address at 4 Innovation Close, York. The Company was registered as a small electronic money institution by the FCA from 1 February 2021. The Company issued electronic money (“E-money”) and provided Payment Services and FX services.
We are aware that the Company held safeguarding accounts with ClearBank Ltd (UK) and held Company Funds at Revolut Ltd. The Company previously held Customer Funds and carried out FX services through IFX (UK) Ltd, Railsbank Technology Ltd (now Railsr) and Starling Bank Ltd.
The Company had 11 employees as at the date of appointment, however the majority had not been paid in several months and had therefore ceased to work or were on notice of redundancy. Any remaining employees were made redundant by the JSAs on 2 June 2023.
Administrators' statement of proposals (2023-08-01) · Companies House register