Jim Tucker, Kristina Kicks and Joshua Dwyer from Interpath were appointed Joint Administrators to Stenn Assets UK Limited and Stenn International Limited (the ‘Companies’) on 4 December 2024, following an order made by the High Court of Justice in London.

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The Companies are part of Stenn Technologies, the London-headquartered global fintech group and digital trade finance provider to International SMEs. The group employs over 200 people globally and since 2016 has deployed more than $10bn in capital to customers in over 70 countries.

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The Joint Administrators’ immediate focus is to engage with the Companies’ employees, customers (and their debtors), suppliers and key stakeholders in order to stabilise the Companies’ operations and take all necessary steps to preserve value. Please note that the Joint Administrators will not be seeking to fulfil additional lending requests for the time being. Obligors should continue to fulfil their payment obligations in the usual way.

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‍We have prepared a list of frequently asked questions (FAQs), which you can access here:

FAQ's document

If you have any further queries or questions on the administration of either Stenn Assets UK Limited or Stenn International Limited, then please direct these to the following mailboxes:

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Sellers / Suppliers: stennsellers@interpath.com

‍Buyers / Obligors: stennobligors@interpath.com

‍Creditors: stenncreditors@interpath.com

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Scams

All buyers and sellers should remain alert to the possibility of fraud.

We will provide updates to you through e-mail, in writing and via uploads to the Stenn website (www.stenn.com).

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Protect yourself from scams

When financial firms enter insolvency, fraudsters may seek to take advantage by approaching you and claiming to be able to recover their funds in return for an advance fee. Sometimes the fraudsters claim to be from the Companies or the Joint Administrators’ office. You should treat with caution any unexpected call, e-mail or other contact which asks you for money in this manner and do not be pressured into acting quickly. FCA guidelines are available at www.fca.org.uk/consumers/protect-yourself-scams

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Clone websites - beware

Please note that the JA's webpage is https://www.ia-insolv.com/interpathadvisoryinsolvency-portal.html and the Company’s website is https://www.stenn.com. These are the only webpages that will be used to provide updates and relevant information.

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The affairs, business and property of the Companies are managed by the Joint Administrators. The Joint Administrators act as agents of the Companies and contract without personal liability.

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The Companies are FCA registered for supervised anti-money laundering purposes only. FCA registration numbers: Stenn Assets UK Ltd: 922432; Stenn International Ltd: 745987. Registered office: C/O Interpath Ltd, 10 Fleet Place, London, EC4M 7RB.

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James Robert Tucker, Kristina Kicks and Joshua James Dwyer are authorised to act as insolvency practitioners by the Institute of Chartered Accountants in England & Wales. We are bound by the Insolvency Code of Ethics.

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