LCM Family Limited (Formerly LCM Wealth Management Limited)
LCM Family Limited (FRN 227651, Company No. 04709097) was a Cheshire-based wealth management and financial advisory firm directly authorised by the FCA since October 2003. The firm also held Solicitors Regulation Authority (SRA) approval, allowing it to provide certain legal as well as financial services to its clients. At the time of its collapse it controlled approximately £89 million of client assets.
On 28 April 2026, LCM Family Limited entered administration following an FCA investigation into its affairs. Louise Longley and Gary Shankland of BTG Begbies Traynor (Central) LLP were appointed as joint administrators. The FSCS has opened an investigation to determine whether client claims meet the qualifying conditions for compensation. The FSCS can pay up to £85,000 per eligible person where claims are upheld.
LCM Family operated as LCM Wealth Management Limited before changing its name, providing investment advice and related services to a client base that trusted the firm with significant financial assets. The firm’s collapse into administration has left clients facing uncertainty about the fate of their money and their investment portfolios.
Issues / Why You May Have a Claim
Clients of LCM Family who received investment advice and are concerned about the suitability of that advice, or who have questions about the management of their funds, should seek specialist advice at the earliest opportunity. The FSCS investigation is ongoing, and taking timely action is important.
Company background (public record)
The company was incorporated at Companies House on 24 March 2003 under company number 04709097. Its status at Companies House is recorded as administration.
Registered office: Floor 2 10 Wellington Place, Leeds, LS1 4AP.
Previously named: LCM WEALTH MANAGEMENT LIMITED; SPH 225 LIMITED.
Nature of business (SIC): 64999, 69102.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 24 Mar 2003 | Company incorporated | Companies House |
| 24 Mar 2003 | Secretarial Appointments Limited appointed corporate-nominee-secretary | Companies House |
| 24 Mar 2003 | Secretarial Appointments Limited resigned as corporate-nominee-secretary | Companies House |
| 24 Mar 2003 | Corporate Appointments Limited appointed corporate-nominee-director | Companies House |
| 24 Mar 2003 | Corporate Appointments Limited resigned as corporate-nominee-director | Companies House |
| 10 Jun 2003 | Peter Hartley Cook appointed director | Companies House |
| 13 Jun 2003 | Company renamed (previously SPH 225 LIMITED) | Companies House |
| 03 Jul 2003 | James Raymond Litchfield appointed secretary | Companies House |
| 07 Jul 2003 | James Raymond Litchfield appointed director | Companies House |
| 07 Jul 2003 | Richard Anthony Moxon appointed director | Companies House |
| 06 Oct 2003 | FCA status recorded as: Authorised | FCA Register |
| 06 Oct 2003 | James Raymond Litchfield approved by the FCA at the firm | FCA Register |
| 20 Sep 2005 | Graeme Robert Crozier approved by the FCA at the firm | FCA Register |
| 11 Aug 2016 | Ian Matthew Smith approved by the FCA at the firm | FCA Register |
| 19 Aug 2016 | Joel Alexander Steinhart approved by the FCA at the firm | FCA Register |
| 23 Aug 2016 | Ian Matthew Smith appointed director | Companies House |
| 08 Nov 2019 | Company renamed (previously LCM WEALTH MANAGEMENT LIMITED) | Companies House |
| 14 Sep 2020 | Katherine Clare Stoves approved by the FCA at the firm | FCA Register |
| 09 Dec 2021 | Jamie Reed approved by the FCA at the firm | FCA Register |
| 09 Jun 2022 | Anthony Rose approved by the FCA at the firm | FCA Register |
| 09 Feb 2023 | Matthew Lee Lynch approved by the FCA at the firm | FCA Register |
| 09 Feb 2023 | Andrea Pamela Owen approved by the FCA at the firm | FCA Register |
| 05 Mar 2025 | Rory James Doherty approved by the FCA at the firm | FCA Register |
| 12 May 2025 | Alan Cram approved by the FCA at the firm | FCA Register |
| 04 Apr 2026 | Ian Matthew Smith resigned as director | Companies House |
| 28 Apr 2026 | Company entered administration (in administration) | Companies House |
| 29 Apr 2026 | Declared in default by the FSCS | FSCS |
| 29 Apr 2026 | FSCS update: FSCS is now open to customer claims | FSCS |
Focused on the firm’s early history and the events leading up to and following its failure. 7 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.
- James Raymond Litchfield. Listed on the FCA Register as having held Responsibility for MCD Intermediation (from 23/08/2016), Responsible for Insurance Distribution (from 01/10/2018), SMF17 Money Laundering Reporting Officer (MLRO) (from 09/12/2019), SMF16 Compliance Oversight (from 09/12/2019) at the firm.
- Joel Alexander Steinhart. Listed on the FCA Register as having held CPD12 – Personal recommendation/dealing in securities (not SHP/PPP/Broker funds) (from), CPD9A – Advising on P2P agreements (from), [FCA CF] Client dealing (from 09/12/2019), [FCA CF] Functions requiring qualifications (from 09/12/2019) at the firm.
- Anthony Rose. Listed on the FCA Register as having held CPD13 – Personal recommendation/dealing with derivatives (from), [FCA CF] Client dealing (from 09/06/2022), [FCA CF] Functions requiring qualifications (from 09/06/2022), CPD3 – Personal recommendation on derivatives (from) at the firm.
- Matthew Lee Lynch. Listed on the FCA Register as having held CPD20 – Advising or arranging regulated mortgage contracts (from), [FCA CF] Client dealing (from 09/02/2023), [FCA CF] Manager of certification employee (from 05/03/2025), [FCA CF] Functions requiring qualifications (from 09/02/2023) at the firm.
- Rory James Doherty. Listed on the FCA Register as having held CPD20 – Advising or arranging regulated mortgage contracts (from), [FCA CF] Client dealing (from 05/03/2025), [FCA CF] Functions requiring qualifications (from 05/03/2025), CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from) at the firm.
- Alan Cram. Listed on the FCA Register as having held [FCA CF] Client dealing (from 12/05/2025), [FCA CF] Functions requiring qualifications (from 12/05/2025), CPD7 – Personal recommendation on long-term care insurance (from), CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from) at the firm.
- Ian Matthew Smith. Listed on the FCA Register as having held CF1 Director (11/08/2016 to 08/12/2019), SMF3 Executive Director (09/12/2019 to 30/03/2026), [FCA CF] Significant management (09/12/2019 to 30/11/2023) at the firm.
- Jamie Reed. Listed on the FCA Register as having held [FCA CF] Client dealing (09/12/2021 to 31/07/2024), [FCA CF] Functions requiring qualifications (09/12/2021 to 31/07/2024) at the firm.
- James Raymond Litchfield. Listed on the FCA Register as having held Responsibility for MCD Intermediation (from 23/08/2016), Responsible for Insurance Distribution (from 01/10/2018), SMF17 Money Laundering Reporting Officer (MLRO) (from 09/12/2019), SMF16 Compliance Oversight (from 09/12/2019) at the firm.
- Duncan Colin Shimmin. Listed on the FCA Register as having held CF30 Customer (06/02/2012 to 18/11/2014) at the firm.
Review page sources: FCA Register (FRN 227651) · Companies House (04709097) · FSCS. Public records, provided for transparency.
