ORGANIC INVESTMENT MANAGEMENT LTD
In 2018 the regulator ordered the Discretionary Fund Manager (DFM) Organic Investment Management Ltd, (FRN) 709833 to stop performing any regulated activity. This was due to concerns set out by the Financial Conduct Authority (FCA) about potential high-risk investments. The company went into administration on the 20th December 2018.
The decision notice issued by the FCA stated that Organic was responsible for managing £70m worth of assets from various Self-Invested Personal Pensions (SIPPs), Model portfolios and Ucits funds. The Organic Long/Short Alpha fund and the Organic Bond fund have subsequently been suspended as a result of some assets not being correctly valued.
Warnings Issued
The company was first issued with warnings by the FCA regarding a failure to comply and various oversight controls in 2016. A particular concern was with the level of exposure of the Model portfolios to high-risk and illiquid assets. Regardless of what their attitude to risk was, clients that put money into Model portfolios were still exposed to high-risk investments.
When the number of client redemption requests increased, the company was guilty of using the money from the funds whilst further liquidating even more assets when needed. This resulted in an increased exposure to illiquid assets for the clients still holding funds.
Not Addressing Investment Risks
It was ruled by the FCA that Organic Investment Management Ltd shouldn’t be allowed to continue to manage funds or portfolios due to repeated failures in addressing risks that the company exposed its clients to.
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 13 June 2014 under company number 09085850. Its status at Companies House is recorded as dissolved.
Registered office: Highfield Court Tollgate, Chandlers Ford, Eastleigh, Hampshire, SO53 3TY.
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 |
|---|---|---|
| 13 Jun 2014 | Company incorporated | Companies House |
| 13 Jun 2014 | Ian Robinson appointed director | Companies House |
| 10 Jul 2014 | Andrew James Myers appointed director | Companies House |
| 10 Jul 2014 | Ian Robinson resigned as director | Companies House |
| 03 Jan 2016 | Darren Paul Courtney-cook appointed director | Companies House |
| 04 Jan 2016 | Darren Courtney-Cook approved by the FCA at the firm | FCA Register |
| 04 Jan 2016 | Andrew James Bruce Myers approved by the FCA at the firm | FCA Register |
| 21 Apr 2016 | Peter Thomas approved by the FCA at the firm | FCA Register |
| 06 Dec 2016 | Raj Balwant Kachiwala approved by the FCA at the firm | FCA Register |
| 20 Apr 2018 | Sarah Jane Lockhart approved by the FCA at the firm | FCA Register |
| 10 Sep 2018 | Andrew James Myers resigned as director | Companies House |
| 20 Dec 2018 | Company entered administration (in administration) | Companies House |
| 06 Sep 2019 | FSCS update: FSCS is accepting claims against Organic Investment Management Ltd | FSCS |
| 22 Oct 2019 | FSCS update: In November, claims against Organic Investment Management Ltd will be passed to our claims processing team for assessmen… | FSCS |
| 13 Nov 2019 | FSCS update: Claims made against Organic Investment Management Ltd have now all been moved to our claims processing teams for assessm… | FSCS |
| 18 Mar 2020 | Declared in default by the FSCS | FSCS |
| 22 Sep 2020 | Company administration ended (in administration) | Companies House |
| 23 Nov 2020 | FCA status recorded as: No longer authorised | FCA Register |
| 22 Dec 2020 | Company dissolved | Companies House |
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.
- Sarah Jane Lockhart. Listed on the FCA Register as having held CF11 Money Laundering Reporting (20/04/2018 to 08/12/2019), CF10 Compliance Oversight (20/04/2018 to 08/12/2019), SMF17 Money Laundering Reporting Officer (MLRO) (09/12/2019 to 23/11/2020), SMF16 Compliance Oversight (09/12/2019 to 23/11/2020) at the firm.
- Darren Courtney-Cook. Listed on the FCA Register as having held CF30 Customer (26/04/2017 to 08/12/2019), CF1 Director (04/01/2016 to 08/12/2019), SMF3 Executive Director (09/12/2019 to 23/11/2020) at the firm.
- Andrew James Bruce Myers. Listed on the FCA Register as having held CF30 Customer (04/01/2016 to 07/12/2018), CF11 Money Laundering Reporting (04/01/2016 to 24/04/2018), CF10 Compliance Oversight (04/01/2016 to 24/04/2018), CF1 Director (04/01/2016 to 25/09/2018) at the firm.
- Peter Thomas. Listed on the FCA Register as having held CF30 Customer (21/04/2016 to 08/12/2019) at the firm.
- Raj Balwant Kachiwala. Listed on the FCA Register as having held CF30 Customer (06/12/2016 to 10/05/2017) at the firm.
- Darren Paul Courtney-cook. Listed at Companies House as director (appointed 2016-01-03).
- Andrew James Myers. Listed at Companies House as director (appointed 2014-07-10, resigned 2018-09-10).
- Ian Robinson. Listed at Companies House as director (appointed 2014-06-13, resigned 2014-07-10).
Review page sources: FCA Register (FRN 709833) · Companies House (09085850) · FSCS. Public records, provided for transparency.
