Interpath appointed administrators to Stenn Assets UK and International

Jim Tucker, Kristina Kicks and Joshua Dwyer from Interpath have been appointed joint administrators to Stenn Assets UK Limited and Stenn International Limited following an order made by the High Court of Justice in London.

The Companies are part of Stenn Technologies, the London-headquartered global fintech group and digital trade finance provider to international SMEs.

The group employs over 200 people globally and since 2016 has deployed more than $10bn (£7.86bn) in capital to customers in over 70 countries.

Tucker, managing director at Interpath and joint administrator, said: “Following our appointment as administrators, our immediate focus is to engage with the Companies’ employees, customers (and their debtors), suppliers and key stakeholders in order to stabilise the Companies’ operations and take all necessary steps to maximise value.”

Joshua Dwyer, managing director at Interpath and joint administrator, added: “Whilst the Joint Administrators assess the options available, debtors should continue to fulfil their payment obligations in the usual way.”