Argetex has announced today that it has increased the existing £ 20m rotating forward (RCF) provided by IFX payments to £ 26.5 million.
At the same time, Argentex has rejected the installation so that the total use of RCF is now £ 23.5 million. This amount designed is in addition to the secured loan of 10.5 million pounds of pounds provided by IFX payments and has been applied to enhance the company’s liquidity position.
In relation to the above, the company’s main subsidiary, Argentex LLP, has agreed a further voluntary requirement (“Vreq”) with FCA, which introduces certain restrictions on the disposal of assets to maintain liquidity in the Argetex LLP.
These measures are part of FCA’s ongoing supervisory commitment to Argetex LLP after recent pressure on market volatility and liquidity. Vreq allows ARGENTEX LLP to continue to serve customers under defined parameters, while limiting the new commercial activity to specific products within agreed trading limits approved by the regulator.
As previously announced, FCA has confirmed a new level of individual liquidity guidance (ILG) of £ 23,625 million, effective since July 15, 2025.
The Board of Directors and the Supreme Administration’s team remain focused on stabilizing the financial position of the business, safeguarding customers’ interests and supporting the return to normalized trading conditions in due time.