# Match Financial Limited (11864364)

> Why UK company 11864364 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/11864364

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/11864364/filing-history/MzQ3NjIyOTM5NGFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/11864364

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.