Wellesley & Co Limited (WCL), which once facilitated and promoted retail investments in property development, has been under FCA restrictions since 10 September 2020. These constraints, prohibiting the firm from marketing new investments or selling assets, will persist during the administration process.

On 30 April, Damian Webb, Stephanie Sutton, and Jack Plunkett from RSM UK Restructuring Advisory LLP were named as joint administrators.

WCL, the sole entity within the Wellesley Group regulated by the Financial Conduct Authority (FCA), has been placed into administration.

The administration follows the collapse of WCL’s parent entities, Wellesley Group Investors Limited (WGIL) and Wellesley Group Limited (WGL), which entered administration on 10 March 2025.

Oversees, WGIL has several unregulated subsidiaries, including Wellesley Finance Limited, Wellesley Invest Services Limited, Wellesley Bridging Co Limited, Freshford Mill Limited, and Cloverleaf 374 Limited. Despite this, WCL remains the only FCA-regulated entity within the group.

The details surrounding this recent development remain unclear however the presence of a regulated company in WGL could provide a lifeline for investors who may have lost money.

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