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Nvayo Limited enters Special Administration
On 10th February 2025 the High Court of Justice in England and Wales (the Court) made an order placing Nvayo Limited (Nvayo or the Company) into Special Administration under the Payment and Electronic Money Institution Insolvency Regulations 2021.
Dane O'Hara, Alex Cadwallader and Andrew Poxon of Leonard Curtis were duly appointed as Joint Special Administrators (the Special Administrators).
Nvayo is no longer able to offer payment services to its customers.
The Special Administrators are in the process of securing all the Company’s assets and customer monies and safeguarding the Company’s systems.
The objectives of the Special Administration are to ensure the return of relevant funds as soon as is reasonably practicable; timely engagement with payment system operators, the Payment Systems Regulator and the Authorities; and to rescue the institution as a going concern or wind it up in the best interests of the creditors.
Joint Administrator Dane O’Hara commented: “First and foremost we wish to assure customers that our priority is to return monies, where possible, to customers as quickly as possible and we are working closely with the regulators and the operators in this regard.”
Alex Cadwallader added: “We will also be dealing with the claims against the firm. Customers will receive further details, including information on how to make a claim, within eight weeks of our appointment.”
Support is available to all clients and further information can be found here www.leonardcurtis.co.uk/case/nvayo.
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Leonard Curtis is a trading style of Reach Commercial Finance Limited, registered at Riverside House, Irwell Street, Manchester, M3 5EN. Company Register number is 09056450. Reach Commercial Finance Limited is authorised and regulated by the Financial Conduct Authority, FRN: 753686. Reach Commercial Finance Limited is an authorised credit broker and not a lender. We work with a an unrestricted number of lenders to find a potentially suitable arrangement for your consideration. ICO registration ZA069234 and you can check via www.ico.org.uk. We will receive commission from lenders. Different lenders pay different amounts depending on different commission models. For transparency we work with the following commission models: fixed fee, fixed rate of commission, percentage of the amount you borrow and rate for risk (this is based on the risk profile of the business). Further details of the commission model, calculation and amount will be disclosed to you throughout your customer journey. Privacy notice.
Leonard Curtis Legal Limited is a limited company, registered in England and Wales with registered number 09820186. Registered office: Riverside House, Irwell Street, Manchester M3 5EN. Leonard Curtis Legal Limited is registered with the Solicitors Regulation Authority with number 626004.