Financial adviser and ISA provider London Court Limited (FRN 146522) has entered creditors’ voluntary liquidation less than a year after the FCA placed restrictions on the firm.

On 15 July London Court appointed Rehan Ahmed and Tauseef Rashid of Quantuma Advisory Limited as joint liquidators to wind up the firm for the benefit of its creditors.

LCL is a regulated firm that acted as the bond administrator and ISA manager for a number of bonds via the ‘My Investment Hub’ platform.

On 22 August 2023 the FCA placed restrictions on LCL which prevented it from conducting regulated activities for new clients or new investments.

The firm, based in Kensington Church Street in London, was only allowed to provide bond administration and ISA management services to existing clients and investments they already held.

The regulator said at the time: “We are concerned that London Court Ltd has inadequate systems and controls in place to ensure investments on its My Investment Hub platform are compatible with the needs of the clients to whom investments are distributed.

“We have reviewed investments on the My Investment Hub platform and have serious concerns over the level of due diligence London Court Ltd has conducted.”

Last month the FCA warned that clients who purchased investments through London Court Limited were being targeted by scammers.

Investors in Whisky Scotland bonds on London Court’s ‘My Investment Hub’ platform were being cold called or emailed by individuals falsely claiming to be able to assist investors in recovering their money, the FCA said.

It was the second time that clients who purchased investments through London Court Limited have been targeted by scammers.

London Court was incorporated on 10 January 1989 and has been authorised since 1 December 2001. It held permissions for advising on investments and P2P agreements, arranging deals in investments and making arrangements with a view to transactions in investments. From February 2021 the FCA has been in discussion with the firm about, “the scope of the regulated activities it was performing.”

To explain what the liquidation means for investors, the joint liquidators will be writing shortly to all those who bought a bond via LCL or the ‘My Investment Hub’ platform. To contact the joint liquidators Rehan Ahmed and Tauseef Rashid, phone 0115 939 2454, email This email address is being protected from spambots. You need JavaScript enabled to view it., or write to Quantuma Advisory Limited, 14 Derby Rd, Stapleford, Nottingham NG9 7AA.

The FSCS has a dedicated service for LCL claims.