The Financial Conduct Authority announced that Monevium Ltd entered special administration on 18 June 2026, with Adam Henry Stephens and Christopher Allen of S&W Partners LLP appointed as special administrators. Monevium is authorised by the FCA to provide payment services, and the special administrators are responsible for managing customer claims against the firm and returning customer funds where possible. The firm had already been subject to restrictions after agreeing a voluntary undertaking on 28 February 2024 that limited the activities it could carry out. Monevium remains authorised by the FCA, which said it will continue to engage with the special administrators as the process progresses.
Financial Conduct Authority2026-06-22
Financial Conduct Authority says payment services firm Monevium Ltd has entered special administration with S&W Partners appointed
The Financial Conduct Authority said Monevium Ltd entered special administration on 18 June 2026, with two S&W Partners LLP representatives appointed as special administrators. They will manage customer claims and seek to return funds where possible. The payment services firm remains FCA-authorised and had been operating under activity restrictions since February 2024.