The Financial Conduct Authority has published a notice that Sukate & Bezeboh Ltd, trading as SB Remit, entered administration on 22 May 2026. SB Remit is a small payment institution authorised to provide payment services. Charles Turner and Frank Ofonagoro of Opus Restructuring LLP were appointed as joint administrators. Before the administration, on 13 May 2026, SB Remit agreed to a voluntary undertaking that restricted the activities it could undertake, including preventing it from accepting new customer funds. The joint administrators are responsible for managing customer claims and returning funds where possible. SB Remit remains authorised by the FCA, which will engage with the administrators, and the FCA also warned customers to remain alert to scams.
Financial Conduct Authority2026-05-28
Financial Conduct Authority says Sukate & Bezeboh Ltd enters administration after restrictions on new customer funds
The Financial Conduct Authority announced that Sukate & Bezeboh Ltd, trading as SB Remit, a small payment institution, entered administration on 22 May 2026, with Charles Turner and Frank Ofonagoro of Opus Restructuring LLP appointed as joint administrators. Before this, SB Remit had agreed to a voluntary undertaking restricting its activities, including accepting new customer funds, and the administrators will manage customer claims and return funds where possible. SB Remit remains authorised, and the FCA warned customers to remain alert to scams.