MEYADO PRIVATE WEALTH MANAGEMENT LONDON
Restrictions were placed on Meyado Private Wealth (FRN) 442632 (previously known as Berkshire Financial Advisors) in 2021 by the Financial Conduct Authority. The company, incorporated on 23 August 1988 under company number 02289023, entered liquidation on 19 November 2021. Following its liquidation, the Financial Services Compensation Scheme (FSCS) declared the firm in default, enabling clients to seek compensation for any losses incurred.
The reason for this was that a number of complaints were upheld by the Financial Ombudsman Service regarding clients being given information regarding investments and pensions that wasn’t suitable for them. This meant that the company wasn’t able to accept new clients and nor was it able to sell assets like their client books, or pay shareholders or directors. Another company associated with this one is Meyado Protect and that too has ceased trading.
Transferring Pensions
There have been a large number of complaints made against Meyado Private Wealth regarding the advice given by the company’s appointed representative, Heather Dunne IFA (HDIFA). This advisor was already known to the Financial Conduct Authority for being part of Financial Solutions Midhurst – a company that went into liquidation in 2017.
The likes of Green Planet Investment Ltd (introducers that didn’t have permission to advise clients) were actively introducing clients to HDIFA.
The complaints there were being made by clients were regarding the poor advice that had been given about value of different benefits from the defined benefit pension scheme of former employers into self-invested personal pensions (SIPPs). These had underlying investments that were arranged into carbon credits with Anglo Capital Partners Limited, White Sands Country Club in Brazil, and a chateau development in rural France.
Poor Advice
Anyone that had dealings with this company and transferred their pension as a result of the poor advice they’d given should get their transaction(s) with them reviewed immediately.
Any company that attempts to get in contact with you about your case through cold calling should be avoided as they will have purchased your personal details illegally, paying commission to the very company you want to claim against.
Financial redress
We offer a free and no obligation pension consulting service where you can speak with one of our experts about how best to proceed with your claim. However you need to act quickly as there are time barring restrictions in place. If you do decide to use our services to progress your claim then know that our fees are very reasonable, as unlike other companies, we don’t buy peoples personal data.
Act Now To Get Help
Get in contact for an informal discussion with us today.
Company background (public record)
The company was incorporated at Companies House on 23 August 1988 under company number 02289023. Its status at Companies House is recorded as liquidation.
Registered office: Bizspace Steel House Plot 4300,Solent Business Park, Whiteley, Fareham, Hampshire, PO15 7FP.
Previously named: BERKSHIRE FINANCIAL ADVISERS LIMITED; MEYADO PRIVATE WEALTH MANAGEMENT LIMITED; MEYADO INTERNATIONAL LIMITED; SHAPEABLE LIMITED.
Nature of business (SIC): 70221.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 23 Aug 1988 | Company incorporated | Companies House |
| 26 Sep 1989 | Company renamed (previously SHAPEABLE LIMITED) | Companies House |
| 01 Jan 1993 | Brian Edward Young resigned as secretary | Companies House |
| 01 Jan 1993 | Martin Edward Young appointed secretary | Companies House |
| 22 Sep 1994 | William Anderson appointed director | Companies House |
| 22 Sep 1994 | Keith Turner appointed director | Companies House |
| 20 May 1995 | William Anderson resigned as director | Companies House |
| 10 Nov 1995 | Keith Turner resigned as director | Companies House |
| 11 Apr 1997 | William Shepherd appointed director | Companies House |
| 16 Dec 1997 | Gunnar Skoog appointed director | Companies House |
| 16 Dec 1997 | Brian Edward Young resigned as director | Companies House |
| 23 Jul 2020 | Nicholas Blake approved by the FCA at the firm | FCA Register |
| 04 Sep 2020 | Robert Franklin Smyth appointed secretary | Companies House |
| 04 Sep 2020 | Robert Franklin Smyth resigned as secretary | Companies House |
| 04 Sep 2020 | Paul Michael Ollerton appointed director | Companies House |
| 04 Sep 2020 | Robert Franklin Smyth appointed director | Companies House |
| 04 Sep 2020 | Robert Franklin Smyth resigned as director | Companies House |
| 01 Nov 2020 | Sarah Swinford approved by the FCA at the firm | FCA Register |
| 16 Nov 2020 | Paul Michael Ollerton resigned as director | Companies House |
| 20 Nov 2020 | Paul Michael Ollerton appointed director | Companies House |
| 14 Dec 2020 | Paul Michael Ollerton resigned as director | Companies House |
| 14 Jun 2021 | Meyado Protect Limited ceased as appointed representative | FCA Register |
| 20 Oct 2021 | Company wound up (creditors’ voluntary liquidation) | Companies House |
| 20 Oct 2021 | Insolvency practitioner appointed: Matthew Fox | Companies House |
| 19 Nov 2021 | Declared in default by the FSCS | FSCS |
| 16 Oct 2023 | FCA status recorded as: No longer authorised | FCA Register |
| 12 Sep 2024 | Insolvency practitioner appointed: Alan Brian Coleman | Companies House |
| 12 Sep 2024 | Insolvency practitioner appointed: Marco Piacquadio | Companies House |
Focused on the firm’s early history and the events leading up to and following its failure. 57 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.
- Mark Gerald Paine. Listed on the FCA Register as having held CF1 Director (AR) (01/12/2017 to 03/06/2021), CF11 Money Laundering Reporting (04/01/2019 to 08/12/2019), CF10 Compliance Oversight (04/01/2019 to 08/12/2019), CF3 Chief Executive (17/10/2016 to 08/12/2019) at the firm.
- Gaenor Jane Magee. Listed on the FCA Register as having held CF11 Money Laundering Reporting (18/10/2016 to 07/01/2019) at the firm.
- Gary George Gibson. Listed on the FCA Register as having held CF30 Customer (31/10/2018 to 23/11/2018) at the firm.
- Robert Anthony Magee. Listed on the FCA Register as having held CF10 Compliance Oversight (03/11/2016 to 08/01/2019), Responsibility for MCD Intermediation (23/11/2016 to 17/05/2019), Responsible for Insurance Distribution (01/10/2018 to 17/05/2019), CF30 Customer (25/11/2015 to 17/05/2019) at the firm.
- Robert Forbes Fairbairn. Listed on the FCA Register as having held CPD20 – Advising or arranging regulated mortgage contracts (from), CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from), CPD4 – Personal recommendation on retail investments (not broker funds) (from), [FCA CF] Client dealing (09/12/2019 to 16/10/2023) at the firm.
- Jonathan William David Barker. Listed on the FCA Register as having held CF30 Customer (12/09/2014 to 26/02/2015) at the firm.
- Laura Elizabeth Rajotte. Listed on the FCA Register as having held CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from), CPD4 – Personal recommendation on retail investments (not broker funds) (from), [FCA CF] Client dealing (09/12/2019 to 16/10/2023), [FCA CF] Functions requiring qualifications (09/12/2019 to 16/10/2023) at the firm.
- Peter Brian Gale. Listed on the FCA Register as having held CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from), CPD4 – Personal recommendation on retail investments (not broker funds) (from), [FCA CF] Client dealing (11/05/2020 to 16/10/2023), [FCA CF] Functions requiring qualifications (11/05/2020 to 16/10/2023) at the firm.
- Kevin Mahon. Listed on the FCA Register as having held CF30 Customer (21/02/2013 to 08/05/2013) at the firm.
- Kulsum Begum. Listed on the FCA Register as having held CPD20 – Advising or arranging regulated mortgage contracts (from), CPD6 – Personal recommendation on Friendly Soc tax-exempt policies(not Holloway) (from), CPD4 – Personal recommendation on retail investments (not broker funds) (from), CF30 Customer (28/01/2019 to 08/12/2019) 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 |
|---|---|---|---|
| Heather Dunne | FRN 524600 | 19/09/2011 | 17/07/2013 |
| Mayfair International Private Wealth Management Limited | FRN 808195 | 03/05/2018 | 20/05/2019 |
| Meyado Protect Limited | FRN 795068 | 27/11/2017 | 14/06/2021 |
Review page sources: FCA Register (FRN 442632) · Companies House (02289023) · FSCS. Public records, provided for transparency.
