United Kingdom · Payments & e-money
Argentex LLP
Trading asArgentex Private
Argentex LLP is a limited liability partnership registered in England and Wales. It is a subsidiary of Argentex Group PLC, which is itself in administration. The Financial Conduct Authority (FCA) authorises the firm as an electronic money institution (FRN 900671) and as an investment firm (FRN 781077). It provided foreign exchange, currency risk management and payment services to businesses, financial institutions and private clients until it stopped trading on 17 July 2025. It entered special administration on 21 July 2025 and is controlled by joint special administrators from FRP Advisory Trading Limited.
Licences and registrations
Held by Argentex LLP (LEI 213800OFFR9NLMLXI686). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| FCA Financial Services Register - E-Money InstitutionsFCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900671 | United Kingdom | Active | 2018-05-02 | — |
|
Search the register ↗ |
| FCA Financial Services Register - Payment Institutions & RAISPsFCA | Authorised Payment InstitutionPayment Institution | 567537 | United Kingdom | Cancelled - Authorised PI | — | Ended 2017-01-09 |
|
Search the register ↗ |
Trading names on the register: Argentex Private (FCA-EMI, FCA-PSD)
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
Argentex Capital Limited
Firm type
FX and business payments
Trades as Argentex
- Standing · In liquidation or dissolved
- The firm stopped all client trading on 17 July 2025 under voluntary requirements agreed with the FCA. On 21 July 2025 the High Court appointed Daniel Conway, Anthony Wright and David Hudson of FRP Advisory Trading Limited as joint special administrators under the Payment and Electronic Money Institution Insolvency Regulations 2021. The administrators expect to end the special administration by dissolving the LLP once customer funds have been distributed.
- Ownership
- Argentex Group PLC controls the firm through its subsidiaries Argentex Capital Limited and Argentex Foreign Exchange Limited, the LLP's two designated members. Argentex Capital Limited holds more than 25% but not more than 50% of the right to surplus assets.
- Direct parent
- Argentex Capital Limited, United Kingdom
- Ultimate owner
- Argentex Group PLC, United Kingdom
- Head office
- 2nd Floor, 110 Cannon Street, EC4N 6EU London, United Kingdom
- Company register
- Companies House OC369106
- Incorporated
- 21 Oct 2011
Online
- Websites & references
- argentex.com ↗
clients.argentex.com ↗ client login portal (Argentex Online), access disabled since July 2025 - Official social accounts
- LinkedIn ↗
Sources · 17 pages consulted
- register.fca.org.uk/s/firm?id=001b000003Ua5cSAAR
- register.fca.org.uk/s/firm?id=001b000003puIAiAAM
- fca.org.uk/news/news-stories/argentex-llp-enters-special-administration
- find-and-update.company-information.service.gov.uk/company/OC369106
- find-and-update.company-information.service.gov.uk/company/OC369106/officers
- find-and-update.company-information.service.gov.uk/company/OC369106/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/OC369106/filing-history
- find-and-update.company-information.service.gov.uk/company/OC369106/filing-history/MzU0MDA3OTIwNWFkaXF6a2N4/document?format=pdf&download=0
- find-and-update.company-information.service.gov.uk/company/OC369106/charges
- argentex.com/
- argentex.com/terms-and-conditions/
- argentex.com/app/uploads/2024/09/Argentex-Corpoate-Client-Terms-and-Conditions-2024.pdf
- frpadvisory.com/argentex-llp-in-special-administration/
- fscs.org.uk/making-a-claim/failed-firms/argentex/
- argentex.com/app/uploads/2025/04/IFX-Rule-2.7-Announcement-FINAL115132356.pdf
- tradingview.com/news/reuters.com,2025:newsml_L6N3TZ0AL:0-ifx-payments-takeover-offer-for-uk-s-argentex-te
- uk.finance.yahoo.com/news/ifx-payments-mulls-withdrawing-takeover-062838272.html
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution (FRN 900671) and as an investment firm (FRN 781077). Since 17 July 2025, voluntary requirements agreed with the FCA have barred it from carrying out regulated or e-money services without the FCA's prior written approval.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 900671 | In its own name | Active | register.fca.org.uk ↗ |
| Financial Conduct Authority United Kingdom | Authorised firm (investment services) | 781077 | In its own name | Active | register.fca.org.uk ↗ |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 567537 | In its own name | Withdrawn or expired | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm's terms state that it held e-money customers' funds on trust in safeguarded bank accounts kept separate from its own funds. Client money for investment services was held separately under the FCA's client money rules. The special administrators now hold both pools in special administration accounts.
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
Until 17 July 2025 it offered multi-currency e-money accounts, international payments and spot, forward and option foreign exchange contracts to businesses, financial institutions and private clients. It offers no services today.
It served clients from London under its UK authorisations until July 2025. Group companies in the Netherlands, the UAE and Australia are separate legal entities.
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Daniel Conway Joint Special Administrator (FRP Advisory Trading Limited)
- Executive
- Anthony John Wright Joint Special Administrator (FRP Advisory Trading Limited)
- Executive
- David Hudson Joint Special Administrator (FRP Advisory Trading Limited)
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The special administrators estimated that customers would recover 75% to 85% of their entitlements, with a distribution expected in the first quarter of 2027.
find-and-update.company-information.service.gov.uk ↗ -
Other
The FSCS confirmed it can compensate eligible client money customers for cost deductions. E-money and payment services customers are not covered.
fscs.org.uk ↗ -
Merger / acquisition
IFX Payments terminated its proposed acquisition of Argentex Group PLC after the group entered administration.
tradingview.com ↗ -
Other
The High Court placed the firm in special administration on 21 July 2025 and appointed three FRP Advisory partners as joint special administrators.
fca.org.uk ↗ -
Licence
The firm agreed further voluntary requirements with the FCA on 17 July 2025 and stopped all regulated business and client trading.
frpadvisory.com ↗ -
Licence
The firm agreed a voluntary imposition of requirements with the FCA on 24 June 2025, which limited its trading activities.
frpadvisory.com ↗ -
Leadership
Argentex Group PLC announced the resignation of its finance chief, Guy Rudolph, and several board members.
uk.finance.yahoo.com ↗ -
Funding
Argentex Group PLC agreed a takeover by IFX Payments valuing it at about GBP 3 million, backed by IFX bridge loan funding.
argentex.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · FCA-EMI
- 900671
- Licence no. · FCA-PSD
- 567537
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate on the UK company number the register gives
- Elucidate firm ID
- 3b208731a73e
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- E-Money / Stored Value Institution
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom · Europe & Central Asia
- First registered
- 2018-05-02
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Ultimate parent
- Argentex Group PLC · United Kingdom2549007V7B928Q178194 ↗
The Argentex Group PLC group has 2 institutions in the directory, in 2 countries: none holds a BIC.
Including Argentex B.V..
See the Argentex Group PLC group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- Daniel Conway, Anthony Wright and David Hudson of FRP Advisory Trading Limited, 110 Cannon Street, London, EC4N 6EU
- Country
- United Kingdom
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Does not fit the CBPR+ limits
- The address does not fit in the two address lines of 35 characters that CBPR+ allows next to a town and country.
The LEI record in GLEIF holds a structured legal address.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Registers for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · source ↗ as at 25 September 2026
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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