Ipagoo LLP (OC377842): administration
- Status
- Administration ended
- Administration began
- 2019-08-01
- Administrators
- Geoffrey Paul Rowley, David Paul Hudson
- Administrators' firm
- FRP Advisory
- Formerly
- Orwell Union Partners LLP
- Incorporated
- 2012-08-20
- Location
- London
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
Ipagoo was incorporated in 2012 as Orwell Union Partners LLP. It changed its name to its current form on 10 March 2016.
Ipagoo is 100% (directly and indirectly) owned by Orwell. The purpose of Orwell is to develop an e-money technology platform which could then be licenced to customers. Ipagoo is the regulated entity which provides a service to customers and demonstrates the integrity of Orwell’s technology.
Ipagoo is a provider of a multi-country and cross-currency payment account service, designed to enable clients to open and operate non-resident payment accounts in multiple EU countries. Ipagoo operated branches across Europe, including branches in Germany, Spain, France and Italy.
Administrators' statement of proposals (2019-10-07) · Companies House register