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Rational Foreign Exchange Limited Is Rational Foreign Exchange Limited in administration?
Last verified 11 July 2026
Yes, Rational Foreign Exchange Limited (company number 05385999) entered administration on 8 December 2023.
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Rational Foreign Exchange Limited is now under the control of an administrator. Below are the key dates, the directors, the public-record timeline that led here, and what the administration means if you are a creditor, employee, customer or supplier.
Company at a glance
| Status | In Administration |
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| Company number | 05385999 |
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| Incorporated | 8 March 2005 (21 years old) |
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| Registered office | C/O INTERPATH LTD, 10 Fleet Place, London, EC4M 7RB |
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| Nature of business (SIC) | 64999: Financial intermediation not elsewhere classified |
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| Date entered administration | 8 December 2023 |
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| Official notice | View the official notice ↗ |
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| Statement of Affairs | Filed 15 January 2024, declared assets & liabilities ↗ |
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| Public register | View filing history ↗ |
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About the business
Rational Foreign Exchange Limited is a UK limited company based in London, incorporated in 2005 and 18 years old when the administrator was appointed. Its registered activity is financial intermediation not elsewhere classified (SIC 64999). There have been 11 director appointments since incorporation, of which 3 were on the board when the administrator was appointed, alongside 2 people with significant control. 3 charges have been registered against the company, all of which are recorded as satisfied.
Directors
11 people have been appointed as directors of Rational Foreign Exchange Limited.
DirectorStatusAppointedResigned
+5 former directors · resigned 2010 to 2022
A director resignation shortly before an insolvency is a matter of public record; it does not by itself imply wrongdoing.
Persons with significant control
Individuals or entities with significant influence or control.
Mr Rajesh Agrawal
individual person with significant control · British · England
Ownership of shares 50-75%Voting rights 50-75%
Mr Paresh Kishor Davdra
individual person with significant control · British · England
Voting rights 25-50%
Charges register
Secured creditors and encumbrances against the company. 0 outstanding · 3 satisfied.
Status · Creditor · Type · Dates
SatisfiedThe Nottinghamshire County Council
Rent deposit deed · Created 17 Jul 2008 · Satisfied 16 Jan 2017
SatisfiedBarclays Bank PLC
Deed of charge over credit balances · Created 27 Jun 2006 · Satisfied 6 Apr 2023
SatisfiedSimon Richard Fraser and Nathan George Fraser
Rent deposit deed · Created 8 Jun 2006 · Satisfied 16 Jan 2017
What happened
EventDateType
Administrator's progress report3 July 2026AM10 Administrator's progress report7 January 2026AM10 Administrator's progress report3 July 2025AM10 Administrator's progress report1 July 2024AM10 Establishment of creditors or liquidation committee25 March 2024COM1
+87 earlier events · 2005 to 2024
Result of meeting of creditors15 March 2024AM07
Statement of affairs15 January 2024AM02 Statement of administrator's proposal15 January 2024AM03 Appointment of an administrator8 December 2023AM01 Registered office address changed8 December 2023AD01 Director's details changed26 September 2023CH01 Termination of appointment as a director9 June 2023TM01 Termination of appointment as a director28 April 2023TM01 Satisfaction of charge in full6 April 2023MR04 Full accounts made up30 March 2023AA Appointment as a director13 March 2023AP01 Confirmation statement made with no updates13 March 2023CS01 Full accounts made up9 June 2022AA Termination of appointment as a director21 April 2022TM01 Confirmation statement made with no updates9 March 2022CS01 Termination of appointment as a director9 February 2022TM01 Appointment as a director9 February 2022AP01 Current accounting period extended6 December 2021AA01 Notification as a person with significant control2 August 2021PSC01 Confirmation statement made with no updates13 April 2021CS01 Full accounts made up3 December 2020AA Appointment as a director30 April 2020AP01 Appointment as a director30 April 2020AP01 Confirmation statement made with no updates30 March 2020CS01 Termination of appointment as a director30 January 2020TM01 Full accounts made up24 September 2019AA Confirmation statement made with no updates8 March 2019CS01 Full accounts made up9 October 2018AA Confirmation statement made with no updates19 March 2018CS01 Termination of appointment as a director20 June 2017TM01 Termination of appointment as a director20 June 2017TM01 Full accounts made up9 May 2017AA Confirmation statement made with updates21 March 2017CS01 Satisfaction of charge in full16 January 2017MR04 Satisfaction of charge in full16 January 2017MR04 Full accounts made up11 October 2016AA Director's details changed1 July 2016CH01 Appointment as a director2 June 2016AP01 Register inspection address has been changed5 April 2016AD02 Annual return made up with full list of shareholders5 April 2016AR01 Appointment as a director20 October 2015AP01 Full accounts made up15 October 2015AA Registered office address changed7 July 2015AD01 Annual return made up with full list of shareholders27 April 2015AR01 Full accounts made up3 October 2014AA Annual return made up with full list of shareholders14 March 2014AR01 Previous accounting period extended4 March 2014AA01 Auditor's resignation4 February 2014AUD
Director's details changed16 October 2013CH01 Director's details changed9 October 2013CH01 Termination of appointment as a director16 September 2013TM01 Full accounts made up8 April 2013AA Annual return made up with full list of shareholders2 April 2013AR01 Full accounts made up3 April 2012AA Annual return made up with full list of shareholders26 March 2012AR01 Appointment as a director22 November 2011AP01 Annual return made up with full list of shareholders9 May 2011AR01 Accounts for a medium company made up4 April 2011AA Termination of appointment as a secretary16 December 2010TM02 Appointment as a secretary16 December 2010AP03 Accounts for a medium company made up1 April 2010AA Register inspection address has been changed26 March 2010AD02 Director's details changed26 March 2010CH01 Annual return made up with full list of shareholders26 March 2010AR01 Register(s) moved to registered inspection location26 March 2010AD03 Secretary's details changed23 February 2010CH03 Secretary's details changed23 February 2010CH03 Director's details changed23 February 2010CH01 Full accounts made up14 November 2008AA Legacy11 November 2008288c Accounts for a medium company made up10 April 2008AA Legacy19 October 2007288c Accounts for a small company made up20 October 2006AA Legacy24 October 2005288c Legacy24 October 2005288c Incorporation8 March 2005NEWINC What this means for you
If you are a creditor
Contact the administrator to register your claim. You cannot start or continue legal action against the company without the court's or administrator's permission. Unsecured creditors are typically paid last.
A creditor's checklist →If you are an employee
Employees are preferential creditors for certain unpaid wages and holiday pay, and may be able to claim from the Redundancy Payments Service if roles are made redundant.
Employee rights and redundancy pay →If you are a customer
Orders, deposits and warranties may be affected. Deposits paid are usually unsecured claims. Contact the administrator about outstanding work or refunds.
What customers can recover →If you are a supplier
Goods supplied before the appointment are an unsecured claim. Check whether any retention-of-title clause applies to goods you can identify and recover.
How retention of title works →Don't be the last to know next time
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See how Protect works, £24/mo →Other companies in administration
Related guides
The bigger picture
Frequently asked questions
- Is Rational Foreign Exchange Limited in administration?
- Yes. Rational Foreign Exchange Limited (company number 05385999) entered administration on 8 December 2023.
- What does Rational Foreign Exchange Limited do?
- Rational Foreign Exchange Limited's registered nature of business is financial intermediation not elsewhere classified (SIC 64999).
- Where is Rational Foreign Exchange Limited based?
- Rational Foreign Exchange Limited's registered office is C/O INTERPATH LTD, 10 Fleet Place, London, EC4M 7RB. The registered office is the address held on the public register, which is not always the trading address.
- When was Rational Foreign Exchange Limited founded?
- Rational Foreign Exchange Limited was incorporated on 8 March 2005, 18 years before the administrator was appointed.
- What is Rational Foreign Exchange Limited's company number?
- Rational Foreign Exchange Limited's registered company number is 05385999.
- Who has significant control of Rational Foreign Exchange Limited?
- 2 active people with significant control over Rational Foreign Exchange Limited are on the register: Mr Rajesh Agrawal, Mr Paresh Kishor Davdra.
- Are jobs at Rational Foreign Exchange Limited at risk?
- When a company enters administration the administrator decides whether to continue trading, sell the business as a going concern, or wind it down. Employees can contact the administrator for any update on their role, and may be able to claim from the Redundancy Payments Service if their job is made redundant.
- What does administration mean for creditors of Rational Foreign Exchange Limited?
- Administration is a formal insolvency process that gives a company protection from creditors while an administrator tries to rescue it or achieve a better result than liquidation. Creditors cannot start or continue legal action without permission. Unsecured creditors are usually paid last, often only a portion of what they are owed, if anything.
- When did Rational Foreign Exchange Limited go into administration?
- Rational Foreign Exchange Limited went into administration on 8 December 2023.
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