GUINNESS MAHON TRUST CORP LTD
Guinness Mahon Trust Corp Ltd (GMTC) (FRN) 464432 boasted that it was a boutique provider of pension arrangements that offered market leading technical expertise.
The Self-Invested Personal Pension (SIPP) provided by GMTC was seen as a highly popular offer once the prospect of pension freedom came into play.
GMTC went into administration in early 2020 and is another example of a SIPP provider finding themselves in trouble as a result of companies now being held responsible for allowing their clients to put money into unregulated and risky investments, these include Australian farmland, plantations, and ethical forestry. Administrators Adam Stephens and Nick Myers of Smith & Williamson LLP were appointed to manage the administration process.
Sale of SIPP Business
Immediately following the administration, GMTC’s Self-Invested Personal Pension (SIPP) business was sold to Hartley Pensions Limited, an FCA-authorised firm. This transfer aimed to ensure continued management of clients’ pension arrangements.
Lost Cash?
Anyone who has put money into Guinness Mahon through either the Indigo or Guinness Mahon SIPP and has ended up losing some or all of their cash should act now. This is especially true if it’s the case that your pension was moved after receiving advice from a financial adviser that wasn’t regulated.
Companies such as First Pension Review Services and Avacade were guilty of cold calling individuals and making recommendations to move their personal pensions into SIPPs.
Now might be the time to act if you not have got round to recovering the cash you’ve lost. Should you have already been compensated through the Financial Services Compensation Scheme (FSCS) for a claim against your IFA, you may also be able to seek compensation for uncompensated losses against your SIPP provider. To determine this, your case needs to be individually assessed.
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 1 September 1927 under company number 00224158. Its status at Companies House is recorded as liquidation.
Registered office: C/O RRS DEPARTMENT S & W PARTNERS LLP, 45 Gresham Street, London, EC2V 7BG.
Previously named: GUINNESS MAHON TRUSTEES LIMITED; GUINNESS MAHON EXECUTOR & TRUSTEE COMPANY LIMITED.
Nature of business (SIC): 64999.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 01 Sep 1927 | Company incorporated | Companies House |
| 10 Oct 1990 | Company renamed (previously GUINNESS MAHON EXECUTOR & TRUSTEE COMPANY LIMITED) | Companies House |
| 25 Nov 1992 | Nicholas Wilfrid Bagshawe appointed director | Companies House |
| 27 Apr 1994 | Caroline Susan Freeman appointed secretary | Companies House |
| 27 Apr 1994 | Amanda Jean Marsh resigned as secretary | Companies House |
| 21 Nov 1995 | Andrew John Simmons resigned as director | Companies House |
| 30 Sep 1996 | Andrew, Mr. Costard appointed director | Companies House |
| 03 Apr 2009 | Insolvency practitioner appointed: Christopher Ronald Daniells | Companies House |
| 03 Apr 2009 | Insolvency practitioner appointed: Richard John Huffer | Companies House |
| 26 Oct 2015 | Michael James Wheeler approved by the FCA at the firm | FCA Register |
| 24 Mar 2016 | Roger Alan Richard Mattingly resigned as director | Companies House |
| 03 Jan 2017 | Graham Reginald Robilliard approved by the FCA at the firm | FCA Register |
| 17 Feb 2020 | Company entered administration (in administration) | Companies House |
| 17 Feb 2020 | FSCS update: To consider claims against a failed firm, FSCS must be satisfied that: customers have first exhausted any right to claim… | FSCS |
| 05 Jun 2020 | FSCS update: FSCS has been working closely with the administrators and has received the due diligence files from Guinness Mahon | FSCS |
| 14 Aug 2020 | FSCS update: FSCS has received further documents from the administrators to help us with our investigation | FSCS |
| 22 Oct 2020 | Graham Reginald Robilliard resigned as director | Companies House |
| 28 Oct 2020 | Andrew John Cheeseman resigned as director | Companies House |
| 28 Oct 2020 | Jassie Eleanor Cheeseman resigned as director | Companies House |
| 29 Oct 2020 | Declared in default by the FSCS | FSCS |
| 09 Nov 2020 | FSCS update: Our investigation has concluded that FSCS might be able to compensate customers who invested in Guinness Mahon's SIPP | FSCS |
| 16 Nov 2020 | Paul Michael Stewart-gillham resigned as secretary | Companies House |
| 02 Feb 2021 | Company administration ended (in administration) | Companies House |
| 02 Feb 2021 | Company wound up (creditors’ voluntary liquidation) | Companies House |
| 02 Feb 2021 | Insolvency practitioner appointed: Adam Henry Stephens | Companies House |
| 02 Feb 2021 | Insolvency practitioner appointed: Nicholas Myers | Companies House |
| 27 Apr 2022 | FCA status recorded as: No longer authorised | FCA Register |
| 05 Aug 2024 | Insolvency practitioner appointed: Clare Lloyd | Companies House |
Focused on the firm’s early history and the events leading up to and following its failure. 52 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.
- Jassie Eleanor Cheeseman. Listed on the FCA Register as having held CF1 Director (02/07/2014 to 08/12/2019), SMF3 Executive Director (09/12/2019 to 17/02/2020) at the firm.
- Paul Michael Stewart-Gillham. Listed on the FCA Register as having held CF29 Significant management (23/04/2012 to 08/12/2019), CF11 Money Laundering Reporting (08/07/2014 to 08/12/2019), CF10a CASS Oversight function (23/04/2012 to 08/12/2019), SMF17 Money Laundering Reporting Officer (MLRO) (09/12/2019 to 17/02/2020) at the firm.
- Andrew John Cheeseman. Listed on the FCA Register as having held CF30 Customer (01/08/2014 to 08/12/2019), CF10 Compliance Oversight (06/04/2007 to 08/12/2019), CF1 Director (06/04/2007 to 08/12/2019), SMF16 Compliance Oversight (09/12/2019 to 17/02/2020) at the firm.
- Graham Reginald Robilliard. Listed on the FCA Register as having held CF1 Director (03/01/2017 to 08/12/2019), SMF3 Executive Director (09/12/2019 to 17/02/2020) at the firm.
- Roger Alan Richard Mattingly. Listed on the FCA Register as having held CF1 Director (02/07/2014 to 27/09/2016) at the firm.
- Clive Norman Pringle. Listed on the FCA Register as having held CF30 Customer (23/02/2009 to 27/06/2014) at the firm.
- Michael James Noakes. Listed on the FCA Register as having held CF1 Director (06/04/2007 to 27/06/2014) at the firm.
- Barry Redmill. Listed on the FCA Register as having held CF11 Money Laundering Reporting (06/04/2007 to 27/06/2014), CF1 Director (06/04/2007 to 27/06/2014), CF8 Apportionment and Oversight (06/04/2007 to 31/03/2009) at the firm.
- Michael James Wheeler. Listed on the FCA Register as having held CF29 Significant management (26/10/2015 to 11/04/2019) at the firm.
- Grant Ashley Davies-ratcliff. Listed at Companies House as secretary (appointed 2002-05-07, resigned 2002-08-30).
Review page sources: FCA Register (FRN 464432) · Companies House (00224158) · FSCS. Public records, provided for transparency.
