Administrators appointed at Premier FX

Peter Hart and Dina Devalia of PKF Geoffrey Martin & Co have been appointed as Joint Administrators of Premier FX Limited.

This appointment was made by the court on 13 August, on the application of the Financial Conduct Authority.

Peter Hart, joint administrator, said: “Our immediate priority is to undertake a thorough assessment of Premier FX to help us to get a clear understanding of its dealings with its customers and creditors.

“We appreciate that this is a worrying time for many customers who have funds with Premier FX.  We have started the process of contacting customers and aim to have been in touch with everyone affected in the next few days.

“In the meantime, anyone who has sent money into a Premier FX bank account is encouraged to get in touch with us as soon as possible.  This will enable us to build up a more detailed picture of the company’s financial position and better address any queries or concerns that customers may have.”

Customers are encouraged to contact the joint administrators by post (to: PKF Geoffrey Martin & Co, 1 Westferry Circus, London E14 4HD) or email (premierfx@geoffreymartin.co.uk) with the following information:

  • A copy of any agreement with Premier FX
  • Confirmation as to the total funds sent into the company’s bank account(s)
  • A detailed breakdown of any payments to the company’s accounts (including details of the amounts and dates the payments were made, which currency payment was made in and any written instructions to the company). Where possible, copy bank statements evidencing your payment(s) should also be provided
  • Details of the company account(s) into which the payments were made.