Match Financial Limited (11864364): administration
- Status
- Administration ended
- Administration began
- 2025-07-29
- Administrators' firm
- S&W Partners
- Formerly
- Match Financial Technologies Limited
- Incorporated
- 2019-03-06
- Location
- London
- Industry
- 62020 Information technology consultancy activities
Why it went into administration
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
- HMRC / tax arrears
- Property / lease costs
- Regulatory change or action
From the administrators' statement
Match Financial Limited was incorporated on 6 March 2019 and operates as a holding company. It is the sole shareholder of DRFQ; a London-based, FCA-registered, global digital payments platform. DRFQ specialises in delivering cross-border payment solutions for institutional and multinational clients utilising blockchain technology. Further details on DRFQ’s operations are included in the SIP 16 at Appendix IX.
In 2021, Nukkleus, Inc., a NASDAQ-listed financial technology group, acquired the Company as part of its strategy to strengthen its presence in the cryptocurrency space. As a result, the Company became a wholly-owned subsidiary of Nukkleus, which has no ultimate beneficial owner.
The Company operates exclusively as a holding entity. It has no employees, registered charges, lease obligations, VAT registration, or material trading liabilities. Its principal assets consist of its shareholding in DRFQ, an intercompany receivable, and a modest balance of fiat currency. According to the latest management accounts dated 22 July 2025, the Company is balance sheet insolvent, reporting net liabilities of £1.1 million.
Administrators' statement of proposals (2025-08-11) · Companies House register