United Kingdom · Payments & e-money
Leatherback LTD
Foren UK Limited, formerly Leatherback Ltd, is a private limited company registered in England and Wales and based in London. The FCA authorises it as an electronic money institution under the Electronic Money Regulations 2011, firm reference 901074. Zedcrest Group, a Nigerian financial services group, announced on 27 July 2026 that it had completed its acquisition of Leatherback. Under the Leatherback brand the firm offers multi-currency accounts, currency conversion and cross-border payments to individuals and businesses.
Licences and registrations
Held by Leatherback LTD (LEI 984500D96BB70781B427). 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 InstitutionListed as Foren UK LimitedGLEIF legal name: LEATHERBACK LTD | 901074 | United Kingdom | Active | 2020-11-09 | — |
|
Search the register ↗ |
The register name differs from the legal name in GLEIF. This can follow a rename. Treat the LEI match as indicative.
Trading names on the register: LEATHERBACK (FCA-EMI)
- 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
- LEATGB22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of LEATGB22 marks reverse billing.
- 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
- BIC first registered
- 2021-07-03
- Last updated
- 2021-07-03
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
Leatherback Uk Holding Limited
Firm type
E-money and accounts
Trades as Leatherback
- Standing
- The firm changed its registered name from Leatherback Ltd to Foren UK Limited by a resolution dated 27 July 2026. Companies House issued the change-of-name certificate on 4 September 2026. When checked, the firm's website footer still gave the name Leatherback Ltd and FCA firm reference 901074.
- Ownership
- Leatherback Uk Holding Limited (Companies House 16053052) holds 75% or more of the shares and voting rights, and Zedcrest Group announced on 27 July 2026 that it had completed its acquisition of Leatherback.
- Direct parent
- Leatherback Uk Holding Limited, United Kingdom
- Ultimate owner
- Zedcrest Group, Nigeria
- Head office
- 77 Marsh Wall, E14 9SH London, United Kingdom
- Company register
- Companies House 12291057
- Incorporated
- 31 Oct 2019
- Founder
- Toyeeb Ibrahim Ibitade
- Former names
- LEATHERBACK LTD · REXELPAY LTD
Online
- Websites & references
- leatherback.co ↗
blog.leatherback.co ↗ company blog and news, carrying the firm's regulatory statement - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
Sources · 13 pages consulted
- find-and-update.company-information.service.gov.uk/company/12291057/filing-history
- find-and-update.company-information.service.gov.uk/company/12291057/officers
- find-and-update.company-information.service.gov.uk/company/12291057/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/12291057/filing-history/MzUwMjQ5Njk0MmFkaXF6a2N4/document?format=pdf&download=0
- register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx
- blog.leatherback.co
- blog.leatherback.co/article/blog-leatherback-zedcrest-acquisition
- blog.leatherback.co/article/leatherback-x-zedcrest-group-faq
- blog.leatherback.co/article/gbp-services-fully-restored-a-message-from-leatherback
- blog.zedcrestwealth.com/zedcrest-group-completes-acquisition-of-leatherback-accelerating-its-global-fintech-ambit
- techcabal.com/2026/07/27/zedcrest-acquires-leatherback-in-push-for-global-fintech/
- techcabal.com/2023/11/17/efcc-declares-ibrahim-toyeeb-ibitade/
- leadership.ng/leatherback-targets-growth-as-efcc-drops-fraud-misconduct-allegations/
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, firm reference 901074, for issuing e-money and providing payment services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority (FCA) United Kingdom | Authorised Electronic Money Institution | 901074 | In its own name | Active | — |
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.
Products and markets
Researched 29 Sep 2026 · Sources
It offers multi-currency accounts for holding, converting, sending and receiving money. Its published material focuses on payments between the UK, Canada, Nigeria and other African and Asian corridors.
The firm serves customers under its UK electronic money authorisation. The Leatherback brand also reports operations in Canada and Nigeria, but this record does not establish which group entities carry them out.
- Sells to
- Small businesses · Consumers · Enterprises
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Ochebhoya Ekpete Chief Executive Officer
- Executive
- Adedayo Saheed Amzat Director (Group Managing Director, Zedcrest Group)
- Executive
- Adeyemi Johnson Director
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Other
Companies House registered the change of the firm's name from Leatherback Ltd to Foren UK Limited, following a resolution of 27 July 2026.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
Zedcrest Group announced that it had completed its acquisition of Leatherback and said the existing leadership team would stay in place.
blog.zedcrestwealth.com ↗ -
Incident
The firm announced that it had restored GBP deposits after pausing them while it completed a regulatory process with the FCA.
blog.leatherback.co ↗ -
Other
Leatherback Uk Holding Limited became the firm's registered controlling shareholder. Toyeeb Ibrahim and Oluseyi Akinbi ceased to be persons with significant control.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Ochebhoya Ekpete as a director on 27 May 2025. He is now named as the firm's chief executive.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Co-founder Toyeeb Ibrahim resigned as a director on 23 October 2024.
find-and-update.company-information.service.gov.uk ↗ -
Investigation
Nigeria's Economic and Financial Crimes Commission declared the then chief executive wanted over a customer's alleged fraud. The company later said all allegations had been dropped.
techcabal.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
Head-office record
- BIC
- LEATGB22XXX
- How the BIC breaks down
- LEATBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 984500D96BB70781B427
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 901074
- 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
- e25a8f22bc3d
- Companies House no.
- 12291057 ↗
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
- Website (register)
- leatherback.co ↗
- 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.
Persons with significant control
Companies House · company 12291057 ↗ · as at 9 October 2026
Companies House lists 1 person with significant control for Foren UK Limited: 1 company.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Leatherback Uk Holding Limited ↗ | Company · UK | 75–100% of shares · 75–100% of votes | 10 October 2025 |
| Leatherback Uk Holding Limited: the company states that no person or legal entity has significant control over it. | |||
Companies report persons with significant control to Companies House. Elucidate has not verified them.
A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown.
Matched on the Companies House number that the FCA register gives for this firm.
See the register at Companies House ↗Addresses
- Registered address
- REGUS BUILDING FLOOR 3 1 NORTHUMBERLAND AVENUE, TRAFALGAR LONDON WC2N5BW UNITED KINGDOM
- Operational address
- REGUS BUILDING FLOOR 3 1 NORTHUMBERLAND AVENUE, TRAFALGAR LONDON LONDON WC2N5BW 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>LEATGB22XXX</BICFI>
<LEI>984500D96BB70781B427</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>LEATGB22XXX</BICFI>
<LEI>984500D96BB70781B427</LEI>
<Nm>LEATHERBACK LTD</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>REGUS BUILDING FLOOR 3 1 NORTHUMBERLAND AVENUE</AdrLine>
<AdrLine>TRAFALGAR LONDON WC2N5BW</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
- Persons with significant control—Companies House · source ↗ as at 9 October 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: leatherback.co (official website) · original.
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