On May 30, 2023, the United Kingdom Court ordered a special administration for Monneo Ltd. under the Payment and Electronic Money Institution Insolvency Regulations 2021. Daniel Conway, David Hudson and Paul Allen of FRP Advisory were appointed joint special administrators (JSAs). Monneo is an FCA-authorized payment institution and was established in 2016. The company’s directors filed an application with the court, concluding that the company was insolvent.
Monneo’s JSAs are responsible for managing claims against the company and returning funds to customers where possible. Customers should receive further information from them within 8 weeks of the appointment, including details of how to make a claim