Premier FX Limited (‘PFX’) : Following the death of the founder of PremierFX and sole director, Peter Rexstrew, in June of this year, the new directors have become concerned about the cash flow solvency of the company.
"Having taken professional advice from independent lawyers and accountants and, mindful of their over-riding duties to the firm’s creditors and customers, the directors have decided to suspend the business of PremierFX and to take steps to put the company into liquidation.
"In the meantime PremierFX will not transact any new business nor process any customer payments (inbound or outbound).
"The directors anticipate that the liquidators will be contacting customers once they have been appointed."
27 July, 2018
See also: 'Algarve business community shocked by news of Peter Rextrew's death'
Comments
If the FCA doesn't know whether or not it is regulating this company, what hope have us mortals?
It cannot be determined if FSCS cover would apply to this firm. Please contact the firm directly to understand whether their products/services would be covered by FSCS.
https://register.fca.org.uk/ShPo_FirmDetailsPage?id=001b000000NMWNKAA5#ShPo_PermissionsAnchor
The director are Peter Rextrew's son and daughter, not daughter-in-law.
https://beta.companieshouse.gov.uk/company/05769324/filing-history
are these smaller fx firms protected by any depositors protection scheme?
Good on the new directors for doing the honourable thing.
Now I have to find an alternative firm and cross my fingers.