The reversal, documented this month via a Companies House form intended for correcting trivial inaccuracies, nullifies an October 2025 filing which had erroneously shifted his residency to the United Arab Emirates. While the original documentation suggested the change took place in late 2024, the latest filing from Storonsky Family Ltd maintains that his UK residency remained constant throughout that period, Financial Times reports.

The discrepancy initially prompted concern from regulators, who sought assurances from Revolut as the firm continues its lengthy quest for a full UK banking licence. Although Mr Storonsky recently dismissed reports of his UAE residency as “fake news”, he clarified that his global business requirements necessitate extensive travel between Dubai, London, Barcelona, and Latin America. He attributed the confusion to his family office using a Dubai correspondence address for administrative purposes, though the specific filings in question pertained to his legal residency rather than a mailing address.

Revolut has sought to minimise the impact of the administrative error, noting that Mr Storonsky’s role remains unchanged and his official details remain tied to the UK. This clarification arrives at a sensitive time for the $75 billion (c. £55bn) fintech giant, which is currently in a “mobilisation” phase with the Prudential Regulation Authority. Although Revolut secured a restricted licence in 2024, it has remained in this transitional state for 18 months – longer than the typical 12-month window – restricting its banking division to a £50,000 deposit cap.