Why you may be entitled to compensation
When FSCS treats a regulated firm as failed, eligible consumers may be able to claim compensation where the firm cannot meet claims itself. In Donre’s case, FSCS has already opened the route for customers to check whether they can claim, and it has previously said it completed its initial investigations before moving claims forward for assessment.
The FCA has also confirmed that Donre Advisory entered creditors’ voluntary liquidation in July 2024. The FCA says the firm advised on and arranged deals in investments, including defined benefit pension transfers. That is a significant point for anyone who was advised to transfer, switch, consolidate, or invest pension funds through the firm.
Trading Styles
Current
| Trading Style | Status | Date |
|---|---|---|
| Donre Advisory Limited | Registered | 25 Apr 2024 |
| Onvestor DVC | Trading | 17 Jul 2023 |
| Onvestor Reporting | Trading | 23 Jan 2020 |
Previous
| Trading Style | Status | From Date | To Date |
|---|---|---|---|
| Onvestor DVC | Trading | 12 Jul 2023 | 25 Mar 2024 |
| Berkeley Square Associates | Trading | 21 Sept 2020 | 22 Oct 2020 |
| Brite Advisors (UK) | Trading | 14 Jan 2019 | 25 Mar 2024 |
| Onvestor | Trading | 19 Feb 2016 | 18 Mar 2016 |
| Orion Asset Management | Trading | 19 Feb 2016 | 23 Jan 2020 |
| Basi & Basi Financial Planning Limited | Registered | 06 Sept 2010 | 25 Apr 2024 |
| IFA 365 | Trading | 08 Jan 2010 | 19 Feb 2016 |
| IFA Stop Associates Limited | Registered | 04 Dec 2009 | 06 Sept 2010 |
Background
| Detail | Information |
| Company Name | DONRE ADVISORY LIMITED |
| Company Number | 07046189 |
| Incorporation Date | 16 October 2009 |
| Current Status | Liquidation |
| Registered Office | 3rd Floor 37 Frederick Place, Brighton, BN1 4EA |
| Previous Names | Basi & Basi Financial Planning Limited, IFA Stop Associates Ltd |
| FSCS Failure Position | Failed |
| Relevant Product Types | Pensions, Investments |
Who was involved?
The following is a list of individuals who are currently or were previously involved in regulated activities at Donre Advisory Ltd
Currently
| Gary Alan Shaw |
| Sarah Priestley |
| Eugeni Chouvaev |
| Gurdaver Ady Basi |
| John Bernard Humpish |
| David Henderson |
| Nicholas Basi |
| Michael Sudager Basi |
| Saulius Garbaravicius |
Previously
Appointed representatives and agents.
The following are the Appointed Representatives and Payment services / Electronic money agents currently or previously connected with this firm. In each case, the principal is / was responsible for the regulated activities carried out on its behalf by its appointed representatives / agents during the dates shown below as Effective from and Effective to (when the relationship ended). An agent or Appointed Representative may act of behalf of more than one principal firm.
Current
| Trading Style | Status | Date |
|---|---|---|
| Express Newspapers | Introducer | 10 Mar 2017 |
| Onvestor Advisory Limited | Full | 28 Oct 2015 |
Previous
| Trading Style | From Date | To Date |
|---|---|---|
| Centaurus Wealth Management Ltd | 24 Jan 2014 | 27 Sept 2016 |
| ELSTON ADVISORY LIMITED | 20 Jan 2016 | 13 Jun 2017 |
What happened at Donre Advisory Ltd?
FSCS says that on 11 July 2024, the directors appointed Sean Bucknall and Andrew Hosking of Quantuma Advisory Limited as Joint Liquidators. FSCS also says it expected former clients to be contacted with further details and that, by 28 January 2025, it had completed its initial investigations and would shortly pass claims onto an assessment team.
The FCA says it had already imposed restrictions on Donre on 17 May 2024, preventing the firm from carrying on regulated business. According to the FCA, this was because the firm was operating without FCA approved senior manager function holders and did not have adequate resources. The directors later took steps to appoint liquidators after considering the firm’s financial position.
What types of claims may be relevant?
The exact claim will depend on the facts, but Donre related claims may involve:
- unsuitable pension advice
- unsuitable investment advice
- defined benefit pension transfer advice
- pension switching or consolidation advice
- advice that exposed clients to unnecessary risk or loss
The FCA specifically states that Donre advised on and arranged deals in investments, including defined benefit pension transfers. That makes pension transfer cases an especially important area to screen.
Previous names and connected businesses
This is an important firm to check carefully because some clients may not recognise the name Donre Advisory Ltd, but may remember earlier branding instead. Companies House confirms the business was previously known as Basi & Basi Financial Planning Limited and, before that, IFA Stop Associates Ltd.
The FCA also says Donre was the parent and controller of PSG SIPP Limited, a UK authorised SIPP operator, and Relay Administration Ltd, a pension scheme administrator based in Gibraltar. It also says Donre was responsible for appointed representatives including Onvestor Advisory Limited, which provided defined benefit advice to UK nationals living overseas, including in places such as the USA, Australia and Dubai.
That means some claims may involve overseas clients, SIPP related structures, or paperwork that refers to Onvestor or Basi & Basi rather than Donre itself.
How our experts can help you
Our team helps clients investigate claims involving failed financial firms, pension advice, and investment losses. We can help by reviewing your documents, understanding the advice you were given, and assessing whether you may have a valid compensation claim.
We can also help identify whether your paperwork links back to Donre Advisory Ltd, Basi & Basi Financial Planning Ltd, or another connected business or representative. In many cases, clients know the product or adviser but do not initially realise which authorised firm was ultimately responsible.
Act now to protect your position
Time limits can apply to financial claims, and it is always better to investigate your position sooner rather than later. If you received pension or investment advice from Donre Advisory Ltd, Basi & Basi Financial Planning Ltd, or a connected representative, it is worth getting your case checked now.
Call 0800 041 8359 today for a free phone consultation to discuss whether you may be entitled to compensation.
Even if you complained before, or your paperwork is incomplete, there may still be a route to recovery depending on the facts.
Frequently Asked Questions
Has Donre Advisory Ltd been declared failed?
Yes. FSCS lists Donre Advisory Ltd as a firm where customers may be eligible for compensation, and the relevant failed firm position now relates to pensions and investments.
What did Donre Advisory Ltd do?
FSCS describes Donre as a financial advice firm operating across insurance, mortgage and home finance, and pensions and investment. The FCA says it advised on and arranged deals in investments, including defined benefit pension transfers.
Was Donre Advisory Ltd known by another name?
Yes. FSCS and Companies House both confirm that Donre was previously known as Basi & Basi Financial Planning Ltd. Companies House also shows an earlier name, IFA Stop Associates Ltd.
Could overseas pension transfer clients be affected?
Potentially, yes. The FCA says Donre’s appointed representative Onvestor Advisory Limited provided defined benefit advice to UK nationals living overseas, including in the USA, Australia and Dubai.
Can I claim directly through FSCS?
Yes, FSCS is free to use. Some people still choose to get help with reviewing the paperwork, presenting the claim clearly, and understanding whether there may be wider recovery options.
