Rational Foreign Exchange Limited - Special Administration

Rational Foreign Exchange Limited, a London-based foreign exchange and payment services provider, entered special administration on 29 November after the firm’s directors concluded that it was insolvent and applied to court for a special administration order. A Payment Services Directives (PSD) agent of the firm, Xendpay Limited – which is under common ownership – also entered administration at the same time. Ed Boyle and Kristina Kicks of Interpath were appointed joint special administrators.