On 14 April 2025, Blackthorn Finance Ltd entered special administration. Adam Stephens, Philip Hemming and Kevin Ley of S&W Partners LLP were appointed joint special administrators.
Blackthorn Finance Limited (Blackthorn) is authorised by the FCA to provide payment services to a range of corporate and individual customers. On 17 November 2023, the FCA imposed restrictions on Blackthorn’s activities and an asset requirement. On 29 August 2024, Blackthorn entered Members Voluntary Liquidation, a solvent form of winding up.
Recently, the liquidators of the firm reached the view that Blackthorn did not have sufficient assets to meet all the claims that were being made by creditors. Therefore this means, the liquidators have been granted an order placing Blackthorn into special administration.
The special administrators will continue to assess claims against the relevant funds held with Blackthorn. The special administrators are responsible for managing customer claims and returning funds back to customers, where possible. Customers should receive more information from them, including details on how to make a claim in due course.
Who to contact
Customers should contact the joint special administrators at S&W Partners LLP for further information:
- Email: [email protected]
- Telephone: 020 7397 2594
- Website: https://www.ips-docs.com/
Be alert to scams
All customers should remain alert to the possibility of fraud.
If you receive an unexpected phone call from someone claiming to be from Blackthorn, S&W Partners LLP, or the FCA, please end the call and contact the relevant party using the contact details above.