STRAND CAPITAL
Were you mis-sold financial investment by Strand Capital (FRN: 494001)? If so, call us today to speak to one of our experts about making a claim.
The company folded and went into administration back in May 2017 putting 3,000 former customers in a state of uncertainty and potentially causing major losses.
It is believed that the company has been in difficulty for quite some time despite Strand Capital’s owners (Optima) stating the company is performing well.
The last set of accounts that were filed tell a different story with the company recording losses (before tax) of £235,297 during a tax year, this is a marked increase from the £22,392 losses posted the year before.
The money of the company’s clients is meant to be kept separate from its own money in order to protect it, this means that it should all be returned in full should a company go into administration.
Next Steps
Call us now for a phone or video consultation with one of our legal experts on 0800 041 8358 to find out if you are entitled to compensation, you may even be entitled to additional compensation if you have successfully claimed in the past.
Company background (public record)
The company was incorporated at Companies House on 7 April 1999 under company number 03747386. Its status at Companies House is recorded as administration.
Registered office: C/O Restructuring & Recovery Services (Rrs) S&W Partners Llp, 45 Gresham Street, London, EC2V 7BG.
Previously named: LONDON CAPITAL TRADING LIMITED; CURVALUE TRADING LIMITED; INTERACTIVE CLEARING SERVICES LIMITED.
Nature of business (SIC): 66120.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 07 Apr 1999 | Company incorporated | Companies House |
| 07 Apr 1999 | Temple Secretaries Limited appointed corporate-nominee-secretary | Companies House |
| 07 Apr 1999 | Company Directors Limited appointed corporate-nominee-director | Companies House |
| 28 May 1999 | John Miller Rowe appointed secretary | Companies House |
| 28 May 1999 | Temple Secretaries Limited resigned as corporate-nominee-secretary | Companies House |
| 28 May 1999 | Lisa Rowe appointed director | Companies House |
| 28 May 1999 | Company Directors Limited resigned as corporate-nominee-director | Companies House |
| 14 Jun 2001 | Company renamed (previously INTERACTIVE CLEARING SERVICES LIMITED) | Companies House |
| 15 Jun 2001 | James Martin Mcnally appointed secretary | Companies House |
| 15 Jun 2001 | John Miller Rowe resigned as secretary | Companies House |
| 27 Aug 2015 | James Martin Mcnally appointed secretary | Companies House |
| 25 Sep 2015 | Barika Capital Limited appointed as appointed representative | FCA Register |
| 08 Jan 2016 | Barika Capital Limited ceased as appointed representative | FCA Register |
| 29 Jun 2016 | Joseph Reginald Salisbury Egerton appointed secretary | Companies House |
| 29 Jun 2016 | James Martin Mcnally resigned as secretary | Companies House |
| 07 Jul 2016 | Thomas Peter Garsed-Bennet approved by the FCA at the firm | FCA Register |
| 07 Nov 2016 | John Alexander Sutcliffe approved by the FCA at the firm | FCA Register |
| 24 Jan 2017 | ANAMETRON UK LIMITED ceased as appointed representative | FCA Register |
| 20 Mar 2017 | Joseph Reginald Salisbury Egerton appointed director | Companies House |
| 20 Mar 2017 | Hamilton James Keats resigned as director | Companies House |
| 17 May 2017 | Company entered administration (in administration) | Companies House |
| 17 May 2017 | Declared in default by the FSCS | FSCS |
| 10 Apr 2019 | FSCS update: Following High Court approval on 2 April, a formal distribution plan of clients' custody assets has been agreed | FSCS |
| 08 Jul 2019 | FSCS update: The joint special administrators are continuing to return assets to Strand customers by transfers to new brokers chosen … | FSCS |
| 19 Aug 2019 | FSCS update: FSCS is continuing its investigation into the practices of Strand to determine whether further claims exist in relation … | FSCS |
| 24 Oct 2019 | FSCS update: In November, claims against Strand Capital Ltd will be passed to our claims processing team for assessment | FSCS |
| 13 Nov 2019 | FSCS update: Claims made against Strand Capital Ltd have now all been moved to our claims processing teams for assessment | FSCS |
| 16 Aug 2023 | FCA status recorded as: No longer authorised | FCA Register |
Focused on the firm’s early history and the events leading up to and following its failure. 36 routine entries from its active years are omitted.
Who was involved?
The following individuals are listed on public records in connection with the firm. These are matters of public record only and their inclusion does not imply any wrongdoing by any named person.
- Karl Alexander Hughes. Listed on the FCA Register as having held CF1 Director (09/09/2014 to 01/07/2015) at the firm.
- Melanie Anne Dacres. Listed on the FCA Register as having held CF11 Money Laundering Reporting (11/09/2009 to 20/11/2009), CF10 Compliance Oversight (11/09/2009 to 20/11/2009) at the firm.
- Cerri-Anne Sheila Quinton. Listed on the FCA Register as having held CF11 Money Laundering Reporting (03/03/2014 to 30/09/2015), CF10 Compliance Oversight (03/03/2014 to 30/09/2015) at the firm.
- John Alexander Sutcliffe. Listed on the FCA Register as having held CF30 Customer (07/11/2016 to 24/01/2017) at the firm.
- Thomas Peter Garsed-Bennet. Listed on the FCA Register as having held CF30 Customer (07/07/2016 to 08/12/2019) at the firm.
- Clifford Jean-Marie Giles. Listed on the FCA Register as having held CF30 Customer (21/07/2015 to 29/07/2015) at the firm.
- Rickard Per-Olof Olsson. Listed on the FCA Register as having held CF30 Customer (14/08/2009 to 28/01/2011) at the firm.
- John Miller Rowe. Listed on the FCA Register as having held CF3 Chief Executive (14/08/2009 to 12/09/2014), CF1 Director (14/08/2009 to 12/09/2014) at the firm.
- Dean Gibbons. Listed on the FCA Register as having held CF30 Customer (12/08/2014 to 30/09/2015) at the firm.
- Hamilton James Keats. Listed on the FCA Register as having held CF30 Customer (17/09/2014 to 23/03/2017), CF1 Director (08/10/2014 to 23/03/2017) at the firm.
Appointed Representatives and Agents
While it was authorised, the firm acted as principal for the following appointed representatives. An appointed representative carries on regulated business under the responsibility of its principal, so their conduct can be relevant to a claim.
| Appointed representative | Reference | Effective from | Ended |
|---|---|---|---|
| ANAMETRON UK LIMITED | FRN 714182 | 18/08/2015 | 24/01/2017 |
| Barika Capital Limited | FRN 718274 | 25/09/2015 | 08/01/2016 |
| PARTNER WORLD TRADING LTD | FRN 620705 | 09/04/2014 | 07/11/2014 |
Review page sources: FCA Register (FRN 494001) · Companies House (03747386) · FSCS. Public records, provided for transparency.
