FCA confirms Argentex’s entry into special administration
The UK Financial Conduct Authority (FCA) has confirmed that, on 21 July 2025 Argentex LLP 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 been appointed 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.
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 emailing Argentex@frpadvisory.com.
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.
The Financial Services Compensation Scheme (FSCS) protection only applies to certain types of activity. This does not include electronic money and payment services.
At this stage, FSCS is working with the Joint Special Administrators to determine whether FSCS-protection may exist for eligible customers in relation to client money Argentex holds as part of its wealth management services. This work is ongoing.