What has happened to Equity For Growth (Securities)?
Equity For Growth (Securities) Limited (EFG) was a corporate finance firm, directly authorised by the Financial Conduct Authority (FCA) since May 2008. Among other activities, the firm approved financial promotions for companies raising money from the public through high-risk bonds and loan notes, including mini-bonds.
On 25 March 2026, following a winding-up petition brought by the FCA, the court ordered that EFG be wound up. Because the firm has failed, the FSCS is the route to compensation for eligible customers. On 26 June 2026 the FSCS confirmed it had completed part of its investigation and that some customers may be eligible for compensation — each claim to be assessed individually under the rules set for the FSCS by the FCA.
Which investments are involved?
The part of the FSCS investigation completed so far covers investments arranged by EFG and its appointed representatives into:
- Magna MIX— including Magna MIX, MIX2, MIX3 and MIXG;
- Sutter Capital Limited;
- Green Life Buildings;
- Renewable Energy Waste Solutions;
- New Coal Solutions PLC;
- Asset Life;
- Allansons LLP.
Many investors were introduced to these products through the firm’s appointed representatives, which over the years included Osborne Baldwin Ltd (trading as Hunter Jones) and Amyma Limited. Investments of this kind were often held inside a self-invested personal pension (SIPP) or ISA.
The FSCS is still investigating other investments. If your claim includes one of the investments listed above and other investments that are not yet listed, the FSCS has said it will hold your claim so they can be considered together. It is still worth registering your position now so nothing is missed.
Why you may be able to claim
When a regulated firm is involved in the promotion or arrangement of unsuitable, high-risk investments and then fails, the FSCS can step in and pay compensation in its place. You may have a claim if you:
- Invested in any of the bonds or loan notes listed above on the strength of the firm’s involvement;
- Were moved into a SIPP specifically to hold these high-risk investments;
- Were not properly warned about the risks, illiquidity, or the chance of losing your whole investment;
- Were a typical retail investor for whom these products were never suitable.
How much compensation could you receive?
For investment claims, the FSCS can pay up to £85,000 per eligible person, per failed firm. The actual award reflects the loss you suffered. Use our redress calculator for an indication of what a claim could be worth.
How to claim against Equity For Growth (Securities)
- Check your eligibility.Tell us briefly what you invested in — start here or request a call back.
- Free consultation.A case manager (not a call centre) will give you an honest view on whether you have grounds to claim.
- We build your case.We gather your investment paperwork and evidence the loss you suffered.
- We submit your FSCS claimand see it through, checking you receive the correct amount.
Watch out for scams
The FSCS will never charge you to make a claim and never asks for an upfront fee. Failed-firm cases like this one often attract cold-callers and copycat websites. If anyone contacts you out of the blue asking for money or your pension details, stop and check before sharing anything.
Company background (public record)
The company was incorporated at Companies House on 1 April 2005 under company number 05410446. Its status at Companies House is recorded as liquidation.
Registered office: International House, 101 King's Cross Road, London, WC1X 9LP, England.
Nature of business (SIC): 82990.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 01 Apr 2005 | Company incorporated | Companies House |
| 01 Apr 2005 | Timothy Edward Baldwin appointed director | Companies House |
| 01 Apr 2005 | Mablaw Corporate Services Limited appointed corporate-secretary | Companies House |
| 01 Apr 2005 | Swift Incorporations Limited appointed corporate-nominee-secretary | Companies House |
| 01 Apr 2005 | Swift Incorporations Limited resigned as corporate-nominee-secretary | Companies House |
| 01 Apr 2005 | Instant Companies Limited appointed corporate-nominee-director | Companies House |
| 01 Apr 2005 | Instant Companies Limited resigned as corporate-nominee-director | Companies House |
| 11 May 2005 | John Malcolm Baldwin appointed director | Companies House |
| 11 May 2005 | Michael William Moreland Parsey appointed director | Companies House |
| 09 May 2008 | FCA status recorded as: Authorised | FCA Register |
| 24 Mar 2009 | Company entered administration (in administration) | Companies House |
| 10 Mar 2011 | Company voluntary arrangement started (corporate voluntary arrangement) | Companies House |
| 18 Mar 2011 | Company administration ended (in administration) | Companies House |
| 26 Jul 2011 | Company voluntary arrangement ended (corporate voluntary arrangement) | Companies House |
| 12 Jun 2019 | Paul Lewis Gersh approved by the FCA at the firm | FCA Register |
| 26 Jun 2019 | Paul Vincent Winick approved by the FCA at the firm | FCA Register |
| 27 Jun 2019 | Mark Benjamin Goodman approved by the FCA at the firm | FCA Register |
| 02 Sep 2019 | Amyma Ltd ceased as appointed representative | FCA Register |
| 19 Dec 2019 | The Right Crowd Limited ceased as appointed representative | FCA Register |
| 09 Apr 2020 | Osborne Baldwin Ltd ceased as appointed representative | FCA Register |
| 09 Jun 2020 | Cap Continental Limited ceased as appointed representative | FCA Register |
| 24 Dec 2020 | William Jerry Wood resigned as director | Companies House |
| 18 Oct 2024 | Company winding-up petition (compulsory liquidation) | Companies House |
| 25 Mar 2026 | Company wound up (compulsory liquidation) | Companies House |
| 26 Mar 2026 | FSCS update: FSCS is now open to customer claims | FSCS |
| 26 Jun 2026 | FSCS update: We have completed part of our investigation into Equity For Growth (Securities) Limited about investments arranged by th… | FSCS |
| 15 Jul 2026 | Declared in default by the FSCS | FSCS |
| 15 Jul 2026 | FSCS update: Following our last update, we can confirm that on 15 July 2026, FSCS declared Equity for Growth (Securities) Limited in … | FSCS |
Focused on the firm’s early history and the events leading up to and following its failure. 41 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.
- Timothy Edward Baldwin. Listed on the FCA Register as having held SMF3 Executive Director (from 09/12/2019), CF30 Customer (09/05/2008 to 08/12/2019), CF1 Director (09/05/2008 to 08/12/2019) at the firm.
- William Jeremy Wood. Listed on the FCA Register as having held SMF17 Money Laundering Reporting Officer (MLRO) (from 09/12/2019), CF11 Money Laundering Reporting (02/12/2015 to 08/12/2019), CF2 Non Executive Director (19/01/2012 to 08/12/2019), CF10 Compliance Oversight (02/12/2015 to 17/10/2017) at the firm.
- Karolina Malgorzata Pietka. Listed on the FCA Register as having held SMF16 Compliance Oversight (from 09/12/2019), SMF3 Executive Director (from 09/12/2019), CF10 Compliance Oversight (17/10/2017 to 08/12/2019), CF1 Director (17/10/2017 to 08/12/2019) at the firm.
- Karolina Malgorzata Pietka. Listed on the FCA Register as having held SMF16 Compliance Oversight (from 09/12/2019), SMF3 Executive Director (from 09/12/2019), CF10 Compliance Oversight (17/10/2017 to 08/12/2019), CF1 Director (17/10/2017 to 08/12/2019) at the firm.
- Timothy Edward Baldwin. Listed on the FCA Register as having held SMF3 Executive Director (from 09/12/2019), CF30 Customer (09/05/2008 to 08/12/2019), CF1 Director (09/05/2008 to 08/12/2019) at the firm.
- William Jeremy Wood. Listed on the FCA Register as having held SMF17 Money Laundering Reporting Officer (MLRO) (from 09/12/2019), CF11 Money Laundering Reporting (02/12/2015 to 08/12/2019), CF2 Non Executive Director (19/01/2012 to 08/12/2019), CF10 Compliance Oversight (02/12/2015 to 17/10/2017) at the firm.
- Michael William Moreland Parsey. Listed on the FCA Register as having held CF1 Director (09/05/2008 to 09/05/2008), CF11 Money Laundering Reporting (09/05/2008 to 27/06/2008), CF10 Compliance Oversight (09/05/2008 to 27/06/2008) at the firm.
- Robert Adam Marler. Listed on the FCA Register as having held CF30 Customer (14/10/2015 to 03/04/2017) at the firm.
- Matthew Sinclair McLuckie. Listed on the FCA Register as having held CF30 Customer (09/05/2008 to 09/05/2008) at the firm.
- Jonathan Gray Levinson. Listed on the FCA Register as having held CF30 Customer (02/08/2016 to 04/01/2018) 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 |
|---|---|---|---|
| Amyma Ltd | FRN 812731 | 02/07/2018 | 02/09/2019 |
| Cap Continental Limited | FRN 842415 | 20/05/2019 | 09/06/2020 |
| Osborne Baldwin Ltd | FRN 808287 | 04/05/2018 | 09/04/2020 |
| The Right Crowd Limited | FRN 685028 | 13/10/2015 | 19/12/2019 |
| The Service Crowd Limited | FRN 755968 | 15/08/2016 | 28/03/2017 |
Review page sources: FCA Register (FRN 475953) · Companies House (05410446) · FSCS. Public records, provided for transparency.
