Epayments Systems Limited Enters Administration
Administrators have been appointed to EPAYMENTS SYSTEMS LIMITED under Schedule B1 to the Insolvency Act 1986, pursuant to proceedings filed in the High Court of Justice under case number CR-2026-007639. The appointment was confirmed in an official notice published in The Gazette on 20 October 2026.
The company, an authorised electronic money institution regulated by the Financial Conduct Authority, now falls under the protection of a statutory moratorium. This post outlines the verified public filings, corporate governance record, and operational steps required for counterparties and creditors.
Gazette notice details
The statutory notice published on the public record contains the following details:
| Attribute | Record Details |
| :--- | :--- |
| Company Name | EPAYMENTS SYSTEMS LIMITED |
| Company Number | 08134141 |
| Notice Date | 20 October 2026 |
| Notice Code | 2410 (Appointment of administrators) |
| Court | High Court of Justice |
| Court Case Number | CR-2026-007639 |
| Appointing Party | [Shown in the creditor report →](#offers-creditor) |
| Administrators | [Shown in the creditor report →](#offers-creditor) |
| Firm | Not stated in the published source |
| Nature of Business | FCA-regulated authorised electronic money institution (SIC 82990) |
Case timeline
| Date | Step | Source |
| :--- | :--- | :--- |
| 2026-10-02 | Administration application filed | Central Registry of Winding-up Petitions |
| 2026-10-20 | Administrator Appointed (Gazette notice 2410) | The Gazette |
The Central Registry record shows the administration application was formally lodged on 2 October 2026 under case CR-2026-007639. The matter progressed to the formal appointment of administrators gazetted on 20 October 2026.
Company snapshot
Public register filings maintained by Companies House show the company's incorporation and baseline profile:
- Incorporation Date: 9 July 2012
- Registered Office: Building 1, Chalfont Park, Gerrards Cross, United Kingdom, SL9 0BG
- Company Status: Active (administration pending register update)
- Standard Industrial Classification (SIC): 82990 (Other business support service activities not elsewhere classified)
- Regulatory Designation: Authorised Electronic Money Institution (EMI)
Directors and ownership
Public filings list one active director and four resigned directors on the company register:
- Elena Arbuzova: Director, appointed 25 November 2019. Born October 1984. Resident in the United Kingdom. Active.
- Andrei Fetin: Director, appointed 9 September 2020, resigned 1 November 2024. Born May 1974. Resident in the United Kingdom.
- Robert Edmund Courtneidge: Director, appointed 2 July 2018, resigned 17 February 2020. Born September 1964. Resident in England.
- Mikhail Rymanov: Director, appointed 9 July 2012, resigned 31 December 2020. Born June 1980. Resident in the United Kingdom.
- Barbara Kahan: Director, appointed 9 July 2012, resigned 9 July 2012. Born June 1931. Resident in the United Kingdom.
Regarding Persons with Significant Control (PSCs), the register records statutory statements notified on 1 December 2016 indicating that the company has no individual meeting the registrable threshold or that particulars could not be identified, following the cessation of earlier 2016 statements.
What administration means for creditors and customers
Under Schedule B1 to the Insolvency Act 1986, the entry into administration triggers an immediate statutory moratorium. No creditor may take legal action, enforce security, or issue a winding-up petition against the company without the permission of the High Court or the consent of the administrators.
For customers holding electronic money balances or payment claims, funds held by authorised electronic money institutions are generally subject to statutory safeguarding obligations under the Electronic Money Regulations 2011. Claims will be managed exclusively by the joint administrators once their proposals are circulated. This summary provides general statutory context and does not constitute formal legal advice.
Counterparty decision framework
Commercial lenders, suppliers, and counterparties with active dealings should take systematic action to secure their position:
1. Verify Corporate Distress: Execute a formal winding up search across parent, subsidiary, and associated entities to identify related group insolvency filings.
2. Review Security and Charges: Complete a company charge check on Companies House to determine the priority of debentures, fixed charges, and floating charge rankings.
3. Isolate Exposure: Halt non-essential service delivery, preserve contracts, and identify any retention of title (ROT) assets currently in the company's custody.
4. Lodge Proof of Debt: Prepare formal accounting reconciliations, copies of invoices, and contractual agreements for submission to the administrators once contact details appear in subsequent court filings.
Practical scenario: supplier exposure
Consider an infrastructure vendor with £85,000 in unpaid technical support invoices billed on 30-day terms. Upon notice of administration, the supplier cannot commence debt recovery in the County Court due to paragraph 43 of Schedule B1.
Instead, the vendor conducts a winding up petition search to check if other suppliers had lodged adverse actions, checks today's cause list for associated entities, and submits a formal proof of debt claim directly to the court-appointed insolvency practitioners to participate in eventual unsecured dividend distributions.
Professional verification workflows
Credit analysts and restructuring solicitors traditionally track corporate insolvency through disjointed manual procedures: running repeated searches on Companies House, cross-referencing court cause lists by phone, and checking daily London Gazette notices. This workflow creates blind spots when notices are delayed or filed across regional registries.
Corp Intel consolidates court filings, Gazette notices, and Companies House changes into an automated feed. Instead of manual lookups, credit control departments use free company monitoring to receive real-time alerts the moment an administration application or winding-up petition touches the public record.
For credit teams and suppliers
Credit underwriters and legal advisers must conduct formal verification whenever an account counterparty shows payment distress. Overlooking an administration filing risks unenforceable enforcement costs, statutory breaches of the court moratorium, and void transactions. Implementing structured pre-trade checks and monitoring ensures legal teams intervene before exposures become irrecoverable.
FAQ
What is the court case number for Epayments Systems Limited?
The administration proceedings are registered in the High Court of Justice under case number CR-2026-007639.
Why should counterparties run a winding up search during an administration?
A winding up search confirms whether prior petitions were presented against the company before administration, which determines the validity of pre-appointment dispositions under section 127 of the Insolvency Act 1986.
Can creditors enforce claims against Epayments Systems Limited now?
No. Paragraph 43 of Schedule B1 to the Insolvency Act 1986 imposes a statutory moratorium that halts legal proceedings and security enforcement unless permitted by the court or the appointed administrators.
How are safeguarded funds treated in an EMI administration?
Under the Electronic Money Regulations 2011, customer funds held in designated safeguarding accounts do not form part of the general estate for distribution to ordinary creditors, subject to administrative distribution costs.
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