Kapwealth Limited
Kapwealth Limited (FRN 590782) was an Essex-based financial advisory firm that held FCA authorisation and operated across a number of areas, including investment and pension advice. The firm also operated a retail investment platform under the trading name Mitto Markets. In its earlier years it traded under a succession of different names, including Titan Investment Partners, Peregrine Asset Management Limited and Kapsecure Limited.
The firm ceased trading and went into creditors’ voluntary liquidation, with its FCA authorisation removed in December 2025. Zain Iqbal of Cooper Young was appointed to handle the winding-up. The firm had a substantial number of approved persons over its operating life, and the FSCS began investigating claims from former clients.
The FSCS declared Kapwealth Limited in default on 14 May 2026. At the time of the default declaration, two claims had been received, both relating to pensions and investment advice, with the first claim upheld, triggering the formal default. Eligible former clients may now seek compensation of up to £85,000 per person.
Issues / Why You May Have a Claim
Clients who received advice from Kapwealth Limited on pension transfers, investments or retirement planning, or who held funds on the Mitto Markets platform, and who believe that advice was unsuitable or that their money was not properly managed, should seek a specialist review. Where advice was given without full regard for a client’s personal circumstances, there may be a valid compensation claim.
Company background (public record)
The company was incorporated at Companies House on 31 May 2012 under company number 08091367. Its status at Companies House is recorded as liquidation.
Registered office: Hunter House, 109 Snakes Lane West, Woodford Green, Essex, IG8 0DY.
Previously named: KAPSECURE LIMITED; PEREGRINE ASSET MANAGEMENT LIMITED; TITAN INVESTMENT PARTNERS LIMITED.
Nature of business (SIC): 66300.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 31 May 2012 | Company incorporated | Companies House |
| 31 May 2012 | Stephen Douglas appointed secretary | Companies House |
| 31 May 2012 | Elizabeth Ann Davies appointed nominee-director | Companies House |
| 31 May 2012 | Elizabeth Ann Davies resigned as nominee-director | Companies House |
| 31 May 2012 | Angus Dent appointed director | Companies House |
| 31 May 2012 | Richard Stephen Jennings appointed director | Companies House |
| 01 Jul 2013 | Richard Stephen Jennings approved by the FCA at the firm | FCA Register |
| 01 Jul 2013 | Angus Dent approved by the FCA at the firm | FCA Register |
| 01 Jul 2013 | Stephen Christian Judge approved by the FCA at the firm | FCA Register |
| 18 Aug 2014 | Graeme Thomas Kyle approved by the FCA at the firm | FCA Register |
| 05 Sep 2014 | Graeme Thomas Kyle appointed director | Companies House |
| 09 Sep 2014 | Mark John Mcdowell appointed director | Companies House |
| 29 May 2018 | Justin David Cavania Sanders resigned as director | Companies House |
| 05 Jul 2018 | Company renamed (previously KAPSECURE LIMITED) | Companies House |
| 17 Aug 2018 | Growmore Asset Management Plc appointed as appointed representative | FCA Register |
| 26 Nov 2018 | Iquoto Ltd appointed as appointed representative | FCA Register |
| 27 Feb 2019 | David James Wood appointed director | Companies House |
| 01 May 2019 | Growmore Asset Management Plc ceased as appointed representative | FCA Register |
| 21 Jun 2019 | Growmore Asset Management Plc appointed as appointed representative | FCA Register |
| 26 May 2020 | David James Wood resigned as director | Companies House |
| 03 Aug 2020 | Justin David Cavina Sanders approved by the FCA at the firm | FCA Register |
| 23 Aug 2021 | Growmore Asset Management Plc ceased as appointed representative | FCA Register |
| 01 Jul 2022 | Timothy Andrew Sunderland approved by the FCA at the firm | FCA Register |
| 30 Apr 2024 | Company wound up (creditors’ voluntary liquidation) | Companies House |
| 30 Apr 2024 | Insolvency practitioner appointed: Zain Iqbal | Companies House |
| 30 Apr 2024 | Iquoto Ltd ceased as appointed representative | FCA Register |
| 15 Dec 2025 | FCA status recorded as: No longer authorised | FCA Register |
| 14 May 2026 | Declared in default by the FSCS | FSCS |
Focused on the firm’s early history and the events leading up to and following its failure. 37 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.
- Nina Louise Bailey Phinn. Listed on the FCA Register as having held CF1 Director (AR) (03/12/2015 to 03/02/2017) at the firm.
- Richard Charles Craddock. Listed on the FCA Register as having held CF30 Customer (12/05/2016 to 27/06/2017), CF1 Director (12/05/2016 to 27/06/2017), CF3 Chief Executive (12/05/2016 to 31/01/2017) at the firm.
- Richard Stephen Jennings. Listed on the FCA Register as having held CF30 Customer (01/07/2013 to 12/01/2016), CF1 Director (01/07/2013 to 12/01/2016) at the firm.
- Angus Dent. Listed on the FCA Register as having held CF11 Money Laundering Reporting (01/07/2013 to 16/02/2015), CF1 Director (01/07/2013 to 19/12/2014) at the firm.
- David James Wood. Listed on the FCA Register as having held CPD17 – Administrative functions in relation to managing investments (from), CPD14 – Managing investments (from), CPD13 – Personal recommendation/dealing with derivatives (from), CPD12 – Personal recommendation/dealing in securities (not SHP/PPP/Broker funds) (from) at the firm.
- Timothy Francis Stewart. Listed on the FCA Register as having held SMF17 Money Laundering Reporting Officer (MLRO) (23/11/2022 to 07/11/2023), SMF16 Compliance Oversight (23/11/2022 to 07/11/2023), CF11 Money Laundering Reporting (11/10/2017 to 11/05/2018), CF10 Compliance Oversight (11/10/2017 to 11/05/2018) at the firm.
- Patrick Henry Bullman. Listed on the FCA Register as having held CF11 Money Laundering Reporting (29/09/2015 to 28/04/2016), CF10 Compliance Oversight (13/05/2015 to 28/04/2016) at the firm.
- Karl Victor Thompson. Listed on the FCA Register as having held CF1 Director (12/05/2015 to 13/06/2016) at the firm.
- Philip Gent. Listed on the FCA Register as having held CF30 Customer (02/12/2015 to 03/02/2017), CF3 Chief Executive (AR) (02/12/2015 to 03/02/2017), CF1 Director (AR) (02/12/2015 to 03/02/2017) at the firm.
- Oliver Pearson-Lund. Listed on the FCA Register as having held CF30 Customer (03/12/2015 to 03/02/2017), CF1 Director (AR) (03/12/2015 to 03/02/2017) 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 |
|---|---|---|---|
| 4X Asset Management Limited | FRN 720249 | 13/10/2015 | 16/09/2016 |
| Capital Performance Limited | FRN 719980 | 09/10/2015 | 16/09/2016 |
| Growmore Asset Management Plc | FRN 816732 | 21/06/2019 | 23/08/2021 |
| Growmore Asset Management Plc | FRN 816732 | 17/08/2018 | 01/05/2019 |
| Iquoto Ltd | FRN 826970 | 26/11/2018 | 30/04/2024 |
| Peregrine & Black Investment Management Limited | FRN 727211 | 27/11/2015 | 03/02/2017 |
Review page sources: FCA Register (FRN 590782) · Companies House (08091367). Public records, provided for transparency.
