United Kingdom · Payments & e-money
Gbxp LTD
GBXP LTD is a private limited company based in London. The Financial Conduct Authority (FCA) authorises it as an electronic money institution under reference 900941. Its filed accounts state that Gatis Eglitis owns all of its shares. It offers e-money accounts, Mastercard prepaid cards and international transfers to individuals and businesses. In May 2026 it entered into a voluntary undertaking with the FCA and suspended new e-money issuance and new customer onboarding.
Licences and registrations
Held by Gbxp LTD (LEI 254900FIWHQMN3681C93). 1 entry on 1 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 InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900941 | United Kingdom | Active | 2019-09-05 | — |
|
Search the register ↗ |
- Licences belong to the legal entity, not to a BIC.
- 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.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- GBXPGB2LXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under GBXPGB2L directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- None: head-office BIC only
- Other BIC with this LEI
- GBXPGB22
- BIC first registered
- 2025-05-24
- Last updated
- 2025-12-27
Overview
Researched 29 Sep 2026 · Sources
Ownership
Privately held
Firm type
E-money and accounts
Trades as GBXP
- Standing
- On 11 May 2026 the firm entered into a voluntary undertaking with the FCA. It did so after an FCA supervisory letter identified areas for improvement in its safeguarding, reconciliation and governance documentation. Under the undertaking it temporarily suspended the issuance of new e-money and the onboarding of new customers. According to its annual report, existing customers can still withdraw funds and make outbound transfers.
- Ownership
- Gatis Eglitis holds 100% of the shares and is the only person with significant control registered at Companies House.
- Major shareholder
- Gatis Eglitis 100% · 31 Jan 2026
- Head office
- 30 Churchill Place, E14 5RE London, United Kingdom
- Company register
- Companies House 11783050
- Incorporated
- 23 Jan 2019
Online
- Websites & references
- gbxp.uk ↗
- Official social accounts
- None found
Sources · 8 pages consulted
- find-and-update.company-information.service.gov.uk/company/11783050
- find-and-update.company-information.service.gov.uk/company/11783050/officers
- find-and-update.company-information.service.gov.uk/company/11783050/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/11783050/filing-history
- find-and-update.company-information.service.gov.uk/company/11783050/filing-history/MzUzNzk5MzQxMWFkaXF6a2N4/document?format=pdf&download=0
- gbxp.uk/i/GBXP-terms-of-business.pdf
- gbxp.uk/
- fca.org.uk/consumers/warning-list-unauthorised-firms
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 and the Payment Services Regulations 2017. The authorisation was granted on 5 September 2019 and regulated activity began on 28 January 2021.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 900941 | In its own name | Active | gbxp.uk ↗ |
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 states that it holds client funds in bank accounts segregated from its operating funds, supported by trust status acknowledgement letters, under the Electronic Money Regulations 2011.
- Payment schemes and card networks
- Mastercard Direct find-and-update.company-information.service.gov.uk ↗
Swift Direct find-and-update.company-information.service.gov.uk ↗
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
It offers e-money accounts, Mastercard prepaid cards and outgoing payments, and provides co-branded and payments-as-a-service arrangements to partners. According to its accounts, a GBP 900,000 platform fee from companies under common control made up most of its revenue in the year to January 2026.
The FCA authorises it in the United Kingdom only. Its accounts attribute most of its revenue to Europe, and its terms exclude residents of listed non-serviced countries.
- Revenue
- GBP 1.07m
- Payment volume
- GBP 66mdeposits processed (approximate; withdrawals were approximately GBP 64 million)
- Sells to
- Consumers · Small businesses · Platforms and marketplaces
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Ruslan Barenboym Managing Director
- Executive
- Adrian Russell Coxon Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm entered into a voluntary undertaking with the FCA and suspended new e-money issuance and new customer onboarding pending remediation.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm registered its BIC GBXPGB2L and became a member of the Swift network.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Gatis Eglitis resigned as a director of the firm and remained its sole shareholder.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Adrian Coxon as a director, and Alexander Lustov resigned as a director.
find-and-update.company-information.service.gov.uk ↗
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
Head-office record
- BIC
- GBXPGB2LXXX
- How the BIC breaks down
- GBXPBank
- GBCountry · United Kingdom
- 2LLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900FIWHQMN3681C93
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 900941
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- c00d81d833ba
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.
- Register licences
- 1 entry on 1 register
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
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
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
Addresses
- Registered address
- 30 CHURCHILL PLACE LONDON E14 5RE EC2M 4PL UNITED KINGDOM
- Operational address
- 30 CHURCHILL PLACE LONDON LONDON E14 5RE POB EC2M 4PL UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>GBXPGB2LXXX</BICFI>
<LEI>254900FIWHQMN3681C93</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>GBXPGB2LXXX</BICFI>
<LEI>254900FIWHQMN3681C93</LEI>
<Nm>GBXP LTD</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>30 CHURCHILL PLACE LONDON E14 5RE EC2M 4PL</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
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 →Credits for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- 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.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: gbxp.uk (official website) · original.
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