Tastes Good Does Good Training Centre Forced into Administration Following Abrupt Termination of Teya Payments UK Account and Withholding of Funds
· The withholding of funds pushed the to company into insolvency
· Food taken from the mouths of London’s poorest as one ton food order is cancelled
· Teya’s has misrepresented itself by claiming one of it companies is regulated when it it’s not which could land its CEO in pri son
MARCH 7TH 2025, "Tastes Good Does Good’s new training centre created as part of the company’s social purpose to help fight food hunger and poverty has announced with deep regret its intention to appoint administrators. This drastic measure has been necessitated by the sudden and unexplained closure of its card processing account by Teya Payments UK, and the subsequent withholding of thousands of pounds in earned revenue.
The training centre was set up train up to 1,000 kids bakery instructors who would teach kids up and down the country to bake via baking clubs with ingredients provided free by the group. It was also to be the training centre for those gifted a business to create the next generation of purposeful entrepreneurs and move young people out of poverty to build a more equitable food system and give them the opportunity to create a legacy for their family.
The centre, which relies heavily on card transactions for its operational funding, received no prior notification or explanation for the termination of its account. Teya Payments UK has informed "Tastes Good Does Good" that the funds will be held for up to 180 days, or until such time as they deem the funds no longer a risk to their business.
A business which has had $1.1 billion of investment and who’s founder, and chairman publicly states. “I'm super passionate about local entrepreneurs, especially in tier two towns, especially underserved areas... the market just doesn't really speak to them. But a few weeks later the board of their RMS brand voted to liquidate the company thus terminating the contacts with its clients leaving many tens of thousands without merchant services.
Greg Wixted, Founder of Tastes Good Does Good stated “We are devastated by Teya Payments UK’s decision and what make its worse they are taking the bread out of the mouths of the poorest families in London all the time they are acting like lawless mobsters, I have counted over 30 breaches of the FCA rules, they have made misleading statements about its FCA registration, which is a criminal offence under the 2006 fraud act, there emails and their requests for client invoice are in clear breach GDPR and offer people £100 if they recommend an other business and write a positive revie which is a breach Digital Markets, Competition and Consumers Act DMCCA
The sudden loss of our revenue stream, without any explanation has forced us into this impossible situation. We are a purpose driven business with an unwavering commitment to help create a world where not one goes without food, an this action jeopardizes the vital services we provide to our community. We have attempted to engage with Teya Payments UK to resolve this matter but have received no satisfactory response.” As the breaches of the FCA rules are so serious we have deemed it necessary to involve the FCA and have had a formal complaint drafted to the ICO, FCA and will details all the allegations to the Insolvency services investigations team to look into the directors behaviour pursuant to the Company Directors Disqualification Act,
"Tastes Good Does Good" is will work with the insolvency practitioners to initiate the administration process. The centre is exploring all possible avenues to mitigate the impact of this closure and to secure a future for its valuable work.
Community leader , Daivd Lee commented on hearing the news “This closure will have a devastating impact on families over the weeks as we were expecting to receive a ton of packed and dry goods/ The donations provided by ‘Tastes Good Does Good’ are essential to our community and I am shocked at the behaviour and the attitude of their card processing company.
The centre calls on Teya Payments UK to immediately release the withheld funds and provide a transparent explanation for its actions. "Tastes Good Does Good" is committed to pursuing all legal options to recover the funds, and damages and hold Teya Payments UK accountable for the damage caused.
Contact: Greg Wixted, [email protected]