Short, practical writing on FCA change of control, valuation, deal craft, and what we are seeing across the regulated payments market.
On 1 July 2026 the Payment Systems Regulator published an independent review of the Authorised Push Payment fraud reimbursement rules. It changes what a…
If you are selling a cross-border payments business in 2026, the thing a buyer pays for has changed.…
Most SPI and API owners set their asking price on two things: last year’s revenue and a growth…
If you hold a UK payment licence you are not using, you are holding an asset with a…
Applying for your own FCA authorisation can take more than a year, with no guarantee you are approved.…
Direct introductions between FCA-authorised institutions and pre-qualified acquirers. Confidential. Ten minutes, no obligation.
In a UK payment institution deal, the price is rarely the thing that stops it. FCA change of control is. A buyer and a…
When you buy a UK payment institution, you are not mainly buying its revenue. You are buying its…
Two FCA-regulated payment firms lost the ability to operate within a week of each other. For anyone buying…
The most valuable thing in a UK payment firm sale is often the part that does not show…
When you're ready to buy or sell a payment institution in the UK, you're making one of the…