Why you may still need to act now
Even though Logic Investments Ltd is currently listed as under investigation rather than failed, that does not mean affected clients should wait and do nothing. Where a firm enters special administration, there can be important issues around access to investments, custody assets and client money, administration costs, possible shortfalls, future compensation eligibility, and complaint and evidence gathering.
FSCS has already said it is prioritising whether it can protect eligible customers by covering the costs of returning client money and custody assets to a new broker. It has also said it will provide further updates about any other eligible claims in due course.
If you held investments through Logic Investments Ltd, now is the right time to understand your position and make sure you are properly prepared.
Background of Logic Investments Ltd
| Detail | Information |
| Company Name | LOGIC INVESTMENTS LTD |
| Company Number | 07092136 |
| Incorporation Date | 1 December 2009 |
| Current Status | In Administration |
| Registered Office | c/o Interpath Ltd, 10 Fleet Place, London, EC4M 7RB |
| FSCS Status Date | 16 January 2026 |
| FSCS Status | Under investigation |
| Product Type Listed by FSCS | Investments |
Companies House records show the company is now in administration. The FCA Register also states that the firm is in an insolvency process and under the control of the appointed insolvency office holders.
What did Logic Investments Ltd do?
FSCS describes Logic Investments Ltd as a wealth management firm providing execution only dealing and custody services. It says the firm had been regulated since October 2010.
That is important because some affected clients may have concerns not only about investment performance, but also about custody of assets, access to funds, transfer of holdings, handling of client money, and administration deductions and fees.
Key individuals associated with the firm
Companies House records show the following individuals as current or recent directors of Logic Investments Ltd:
- Darren John Easton
- Christopher John Aitken Andrew
- Adam Herringer
- Nicola Baldwin
- Simon Philip McGivern
- Andrew David Nellies (resigned 14 November 2025)
Companies House also shows Oberon Securities Ltd as a person with significant control, holding more than 50 per cent but less than 75 per cent of the shares and voting rights, with the right to appoint or remove directors.
What this may mean for clients
The FCA says customers may temporarily be unable to trade or otherwise access custody assets or client money held with Logic while the administrators assess the position. It also says the costs of distributing client money and custody assets, including the administrators’ fees, may be deducted from client money or assets, although FSCS may cover these costs for eligible clients.
FSCS has also warned customers to be alert to scams and says customers should not respond to cold calls from anyone claiming to be from Logic or Interpath.
How our experts can help you
Our team helps clients understand complex financial loss situations involving regulated firms, including firms in administration, failed firms, and firms under investigation.
We can help you:
- understand whether your losses may give rise to a claim
- review the timeline and paperwork
- assess whether FSCS may become relevant
- identify whether there may be other routes to redress
- gather the evidence needed to support your position
Where firms are under investigation, getting organised early can make a real difference. It is often easier to assess options when the paperwork, account details, and chronology are pulled together properly from the start.
Act now to protect your position
If you had investments with Logic Investments Ltd and are concerned about losses, delays, access to assets, or the wider administration process, it is sensible to take advice now.
Although FSCS says claims are not yet open, there may still be important steps to take now so that you are ready if compensation routes open up or other action becomes necessary.
Call us today for a free phone consultation on 0800 041 8359 to discuss your position.
Frequently Asked Questions
What does it mean that Logic Investments Ltd is under investigation?
It means FSCS is looking into whether any claims connected to Logic Investments Ltd may qualify for compensation. At present, FSCS says claims are not yet open.
Has Logic Investments Ltd been declared failed?
Not at this stage. FSCS currently lists the firm as under investigation, not failed. However, the firm has entered special administration, which is a formal insolvency related process.
Can clients currently make an FSCS claim?
FSCS says customer claims are not yet open. It is investigating the position and says it will provide further updates on any eligible claims.
What should clients do now?
Clients should keep all paperwork, statements, correspondence, and account records. They should also watch for communications from the Joint Special Administrators and be cautious of scams.
Could administration costs affect client holdings?
The FCA says the costs of distributing client money and custody assets, including administrators’ fees, may be deducted from client money or assets, although FSCS may cover these costs for eligible customers.
Company background (public record)
The company was incorporated at Companies House on 1 December 2009 under company number 07092136. Its status at Companies House is recorded as administration.
Registered office: C/O Interpath Ltd, 10 Fleet Place, London, EC4M 7RB.
Nature of business (SIC): 66120.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 01 Dec 2009 | Company incorporated | Companies House |
| 01 Dec 2009 | Darren John Easton appointed director | Companies House |
| 01 Dec 2009 | Shameer Rajendra Sachdev appointed director | Companies House |
| 04 Oct 2010 | FCA status recorded as: Authorised | FCA Register |
| 04 Oct 2010 | Darren John Easton approved by the FCA at the firm | FCA Register |
| 03 Oct 2011 | Ryan James Mitchell approved by the FCA at the firm | FCA Register |
| 14 May 2012 | Shameer Rajendra Sachdev resigned as director | Companies House |
| 05 Jul 2012 | Khilan Gulabchand Shah approved by the FCA at the firm | FCA Register |
| 02 Oct 2012 | Khilan Shah appointed director | Companies House |
| 21 Dec 2012 | Henry Shann approved by the FCA at the firm | FCA Register |
| 14 Dec 2015 | Lawrence Arthur Mills approved by the FCA at the firm | FCA Register |
| 14 Feb 2016 | Joraber Singh Sahota approved by the FCA at the firm | FCA Register |
| 18 May 2016 | Daniel Lyle Woodward approved by the FCA at the firm | FCA Register |
| 08 Aug 2023 | Adam Herringer approved by the FCA at the firm | FCA Register |
| 09 Aug 2023 | Adam Herringer appointed director | Companies House |
| 23 Aug 2023 | James William Phillips approved by the FCA at the firm | FCA Register |
| 05 Sep 2023 | Khilan Shah resigned as director | Companies House |
| 07 Sep 2023 | Alexandra Patricia Holmes approved by the FCA at the firm | FCA Register |
| 20 Nov 2023 | Christopher John Aitken Andrew appointed director | Companies House |
| 20 Nov 2023 | Simon Philip Mcgivern appointed director | Companies House |
| 24 Oct 2024 | Nicola Baldwin approved by the FCA at the firm | FCA Register |
| 13 Aug 2025 | Nicola Baldwin appointed director | Companies House |
| 14 Nov 2025 | Andrew David Nellies resigned as director | Companies House |
| 17 Nov 2025 | Lee Vinton approved by the FCA at the firm | FCA Register |
| 16 Jan 2026 | Company entered administration (in administration) | Companies House |
| 16 Jan 2026 | Declared in default by the FSCS | FSCS |
| 16 Jan 2026 | FSCS update: The Joint Special Administrators will carry out an initial assessment of the client money and custody assets held by Log… | FSCS |
| 16 Apr 2026 | FSCS update: On 15 April 2026 FSCS declared Logic in default as at the date it entered into Special Administration (16 January 2026) | FSCS |
Focused on the firm’s early history and the events leading up to and following its failure. 12 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.
- Nicola Baldwin. Listed on the FCA Register as having held SMF17 Money Laundering Reporting Officer (MLRO) (from 24/10/2024), SMF3 Executive Director (from 13/08/2025), SMF1 Chief Executive (from 13/08/2025) at the firm.
- Darren John Easton. Listed on the FCA Register as having held SMF16 Compliance Oversight (from 09/12/2019), SMF3 Executive Director (from 09/12/2019), [FCA CF] Client dealing (from 09/12/2019), CF11 Money Laundering Reporting (25/05/2012 to 03/10/2012) at the firm.
- Lee Vinton. Listed on the FCA Register as having held [FCA CF] CASS oversight function (from 17/11/2025) at the firm.
- Stephen James O'Hare. Listed on the FCA Register as having held CF30 Customer (14/10/2016 to 12/01/2018), CF1 Director (AR) (14/10/2016 to 12/01/2018) at the firm.
- Ian Coleman. Listed on the FCA Register as having held CF30 Customer (14/10/2016 to 12/01/2018), CF1 Director (AR) (14/10/2016 to 12/01/2018) at the firm.
- Adam Herringer. Listed on the FCA Register as having held SMF3 Executive Director (08/08/2023 to 08/11/2023) at the firm.
- Darren John Easton. Listed on the FCA Register as having held SMF16 Compliance Oversight (from 09/12/2019), SMF3 Executive Director (from 09/12/2019), [FCA CF] Client dealing (from 09/12/2019), CF11 Money Laundering Reporting (25/05/2012 to 03/10/2012) at the firm.
- Rodney Hicks. Listed on the FCA Register as having held CF30 Customer (07/10/2016 to 06/12/2016) at the firm.
- Ryan James Mitchell. Listed on the FCA Register as having held CF30 Customer (03/10/2011 to 03/04/2013) at the firm.
- Alexandra Patricia Holmes. Listed on the FCA Register as having held [FCA CF] Client dealing (07/09/2023 to 09/08/2024), [FCA CF] Significant management (15/01/2024 to 09/08/2024), [FCA CF] CASS oversight function (15/01/2024 to 09/08/2024) 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 |
|---|---|---|---|
| Mayfair Capital Limited | FRN 751093 | 28/06/2016 | 03/04/2017 |
| PIA-First Limited | FRN 591182 | 19/09/2016 | 12/01/2018 |
Review page sources: FCA Register (FRN 516459) · Companies House (07092136) · FSCS. Public records, provided for transparency.
