Nobel Peace Prize maker’s UK arm seeks administrator
The London Mint Office, one of the largest numismatic distributors, is lining up administrators after 20 years in business.
Founded in 2006, the company is part of Europe’s largest coin company, the Samlerhuset Group, based in the Netherlands.
The UK entity acts as a major retailer for collectors, including specially minted items celebrating British royalty and military anniversaries, such as D-Day and WWI. It acts as a distributor for major world mints including The Royal Australian Mint, The Royal Canadian Mint, The South African Mint, The New Zealand Mint, The People’s Bank of China and The French State Mint.
Its parent company, Samlerhuset, which is Norwegian, owns The Mint of Norway, the official manufacturer of the Nobel Peace Prize’s 18-carat gold medals.
The London Mint Office, not to be confused with the government body responsible for the UK’s official legal tender, The Royal Mint, was also an official licensee for the London 2012 Olympic Games, as Samlerhuset secured rights to produce official Olympic merchandise for collectors.
On Tuesday, law firm TLT filed a notice of intention to appoint an administrator for The London Mint Office in the English High Court, according to the listings.
This comes after Sky News revealed on Tuesday that the company was in talks for a sale after restructuring and consulting firm Alvarez & Marsal was drafted in to try to secure a deal.
According to accounts filed at Companies House for 2024, The London Mint Office reported a net pre-tax loss of nearly £1.8m amid challenges created by the adoption of new IT systems.
TLT and The London Mint Office were approached for comment.