Cambrian Associates Ltd (FRN 158976), an adviser firm based in North Wales, has gone into administration 51 years after being set up.

A financial adviser and ISA provider has gone into administration a few days after the FSCS launched an investigation into the firm.

Alternative investment fund the Novus Black Fund UK Ltd went into administration on 27 November with administrators Simon Jagger and Cameron Gunn of Evelyn appointed, the FCA has confirmed.

A wealth manager and Financial Planner firm, Facet Investment Management Limited, has gone into administration.