Kristina Kicks and Ed Boyle were appointed Joint Administrators of Rational Foreign Exchange Limited – in Special Administration (the ‘Company’) on 29 November 2023.
The latest updates in respect of the Special Administration can be found in our 1st Progress Report below.
This includes an update regarding our proposed plan for the distribution of safeguarded funds ('Distribution Plan'), including that the Joint Special Administrators have set a bar date of 31 July 2024. Further details can be found in our 1st Progress Report and Bar Date Notice.
The Joint Special Administrators’ team can be contacted by emailing RationalFX@interpathadvisory.com or calling +442033074201.
Notice regarding IbanFirst
The Joint Special Administrators have entered into a profit sharing agreement with Ibanfirst whereby the Special Administration will receive a proportion of profit from certain former RFXL customers who enter foreign exchange transactions with Ibanfirst. This is consistent with the Joint Special Administrators’ duties to maximise realisations for the benefit of customers and creditors and has been conducted in accordance with GDPR.
Ibanfirst is contacting the relevant customers to invite them to become new customers. The Joint Special Administrators have not shared customer information with any other company. If you are contacted by another company, please be alert to scams and report them to the FCA if appropriate via the following link: Report a scam | FCA.
Being Alert to Scams
All customers should remain alert to the possibility of fraud. If you are cold called by someone claiming to be from Rational FX, Xendpay, Interpath Advisory or the FCA, please end the call and call them back using the number above.
More information about this can be found on the FCA website at https://www.fca.org.uk/consumers/protect-yourself-scams.