# Ipagoo LLP (OC377842)

> Why UK company OC377842 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/OC377842

- **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- Funding withdrawn / unable to refinance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.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/OC377842/filing-history/MzI0NjE3MjM0NWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/OC377842

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