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On 21 July 2025 Argentex LLP (Argentex) entered special administration under the Payment and Electronic Money Institution Insolvency Regulations 2021. This follows the firm’s decision to stop trading on 17 July 2025. Daniel Conway, Anthony Wright and David Hudson of FRP Advisory Trading Limited have beenappointed as Joint Special Administrators.
Argentex is authorised by the FCA to provide electronic money and payment services. It is also authorised to provide wealth management services.On 17 July 2025, Argentex stopped carrying out regulated business. Argentex has updated its website (https://www.argentex.com) to inform its customers.On 21 July 2025, Daniel Conway, Anthony Wright and David Hudson of FRP Advisory Trading Limited were appointed as Joint Special Administrators of Argentex underthe Payment and Electronic Money Institution Insolvency Regulations 2021.The Joint Special Administrators are responsible for managing customer claims against the firm and returning funds where possible. The Joint Special Administrators are required to report their proposals to creditors within 8 weeks of their appointment. If you have any questions regarding the administration process, please contact them directly by emailingArgentex@frpadvisory.com.As the regulator of Argentex, we will continue to engage with the Joint Special Administrators and take any necessary actions to seek the best outcome for consumers.Please note that the FCA is the regulator of Argentex LLP. Other group entities such as; Argentex Group PLC, Argentex Capital Limited and Argentex Foreign Exchange Limited, are not regulated by the FCA.Who to contactCustomers should contact the Joint Special Administrators using the details below if they are concerned, have any questions or for any updates atArgentex@frpadvisory.com
https://www.fca.org.uk/news/news-sto...administration