UNDER OFFER
Hilco is delighted to present for sale the intellectual property assets of Project Beacon, a UK-based, FCA-approved open banking payments platform provider specialising in secure, real-time bank-to-bank transactions for businesses and financial institutions (the “Company”).
This is a rare opportunity to acquire a proven, IP-led open banking payments platform with live market deployments, established brand credibility, and a scalable architecture for expansion across multiple sectors.
Prospective purchasers should note that certain elements of the Company’s technology platform may be subject to existing third-party rights, including but not limited to development, hosting, and maintenance agreements. This may include contractual terms affecting title transfer, ongoing service obligations, or licensing arrangements for specific components. Any transfer of these assets will be subject to applicable contractual provisions, and purchasers will be required to conduct their own due diligence to assess the scope of rights, any residual third-party interests, and the steps required for integration or continued operation.
Hilco is acting as exclusive agent to the Company in connection with the proposed sale of some or all of the Company’s assets.
All sales are made strictly on an “as is, where is” basis. Only such right, title and interest (if any) as the Company may have in the assets will be transferred to a purchaser. No warranties, guarantees, or representations (express or implied) are provided by the Company or Hilco in respect of the assets or any information supplied. All parties must rely on their own enquiries and due diligence. Any information provided is for convenience only and has not been independently verified by Hilco.
All offers are subject to the addition of VAT at the prevailing rate, where applicable. A non-refundable deposit equal to 20% of the agreed purchase price must be paid by the successful purchaser within 48 hours of offer acceptance. Payment of the deposit grants the purchaser the exclusive right to proceed with the acquisition of the relevant assets for a limited period and on the terms agreed.
Legal completion must occur within five (5) business days of offer acceptance, unless otherwise agreed in writing by the Company.
