REYKER SECURITIES
The stockbroker and discretionary fund manager (DFM), Reyker Securities (FRN) 115308 was placed into Special Administration on 8 October 2019. This came as a direct result of action taken by the regulatory body to prevent the company from performing regulated activities.
Ryker Securities attempted to sell the company but was unable to find a buyer, therefore it decided to no longer perform any regulated activities as the delegated investment manager of the VT Reyker Real Assets fund.
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 23 August 1983 under company number 01747595. Its status at Companies House is recorded as administration.
Registered office: C/O Rrs, S&W Partners Llp, 45 Gresham Street, London, EC2V 7BG.
Previously named: FINSEC SERVICES LIMITED; PHONEVILLE LIMITED.
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 |
|---|---|---|
| 23 Aug 1983 | Company incorporated | Companies House |
| 30 Jan 1984 | Company renamed (previously PHONEVILLE LIMITED) | Companies House |
| 31 Oct 1985 | Company renamed (previously FINSEC SERVICES LIMITED) | Companies House |
| 30 Dec 1994 | Philippa Jane Brown appointed director | Companies House |
| 30 Dec 1994 | Nigel Robert Elwes resigned as director | Companies House |
| 30 Dec 1994 | Nicholas Donald James Freeman resigned as director | Companies House |
| 01 Dec 2001 | FCA status recorded as: Authorised | FCA Register |
| 13 Apr 2018 | Katie Ellenor Mcginley appointed secretary | Companies House |
| 19 Sep 2018 | Philippa Jane Brown resigned as director | Companies House |
| 21 Nov 2018 | Vitoria Passos Mann approved by the FCA at the firm | FCA Register |
| 13 Aug 2019 | Augere Financial Limited ceased as appointed representative | FCA Register |
| 08 Oct 2019 | Company entered administration (in administration) | Companies House |
| 08 Oct 2019 | FSCS update: The Special Administrators will carry out an assessment of the client money and assets held by the firm | FSCS |
| 02 Dec 2019 | Katie Ellenor Mcginley resigned as secretary | Companies House |
| 02 Dec 2019 | Katie Ellenor Mcginley resigned as director | Companies House |
| 10 Mar 2020 | FSCS update: The Joint Special Administrators (JSAs) have now contacted customers of Reyker inviting them to make claims to client mo… | FSCS |
| 17 Mar 2020 | Declared in default by the FSCS | FSCS |
| 29 Jun 2020 | FSCS update: The JSAs’ strategy is to return assets to clients through a series of transfers to 5 different brokers | FSCS |
| 09 Sep 2020 | FSCS update: The Joint Special Administrators (JSAs) are making good progress with distributing the first round of money back to clie… | FSCS |
| 27 Oct 2020 | FSCS update: Update – distribution plan The High Court has now approved the Distribution Plan for Reyker Securities plc (“Reyker”) | FSCS |
| 12 Feb 2021 | FSCS update: We’re happy to report that on 29 January, the Joint Special Administrators (JSAs) of Reyker Securities PLC (“Reyker”) be… | FSCS |
| 28 Jun 2021 | FSCS update: Since the last Reyker update, the JSAs have made further progress in transferring the remaining assets to new brokers | FSCS |
| 22 Apr 2022 | FSCS update: We’ve been investigating a number of issues in relation to claims against Reyker outside the Special Administration proc… | FSCS |
| 13 Dec 2022 | FSCS update: Since our last update, we’ve reviewed a large number of Reyker’s documents and records | FSCS |
| 20 Jun 2023 | FSCS update: FSCS has concluded its investigation into Reyker’s discretionary fund management service (DFM) | FSCS |
| 23 May 2024 | FSCS update: We are currently finalising the process for assessing claims from customers who invested in corporate bonds via Reyker’s… | FSCS |
| 28 Jun 2024 | FSCS update: We’ve investigated Reyker’s activities in relation to corporate bonds taken out via the firm’s execution-only investment… | FSCS |
| 23 Dec 2024 | FSCS update: We’ve investigated Reyker’s activities in connection with the Optimus Retirement Benefits Scheme | FSCS |
Focused on the firm’s early history and the events leading up to and following its failure. 54 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.
- Adrian Barnwell. Listed on the FCA Register as having held CF1 Director (03/09/2013 to 08/12/2019), SMF3 Executive Director (09/12/2019 to 09/12/2019) at the firm.
- Helen Patricia Fowlie. Listed on the FCA Register as having held CF11 Money Laundering Reporting (09/06/2011 to 08/12/2019), CF10a CASS Oversight function (01/10/2011 to 14/01/2019), CF10 Compliance Oversight (09/06/2011 to 14/01/2019), SMF17 Money Laundering Reporting Officer (MLRO) (09/12/2019 to 19/12/2019) at the firm.
- Katie Ellenor McGinley. Listed on the FCA Register as having held CF10 Compliance Oversight (07/08/2014 to 08/12/2019), CF1 Director (27/06/2017 to 08/12/2019), SMF16 Compliance Oversight (09/12/2019 to 19/12/2019), SMF3 Executive Director (09/12/2019 to 19/12/2019) at the firm.
- Andrew David Nellies. Listed on the FCA Register as having held CF30 Customer (01/11/2007 to 08/12/2019), CF29 Significant management (24/01/2019 to 08/12/2019), CF21 Investment Adviser (04/03/2003 to 31/10/2007) at the firm.
- Ryan Oliver Lopez. Listed on the FCA Register as having held CF30 Customer (22/07/2013 to 13/04/2015) at the firm.
- Lars Duncan Hansen. Listed on the FCA Register as having held CF30 Customer (13/09/2013 to 28/07/2014) at the firm.
- Lauren Stacey Smith. Listed on the FCA Register as having held CF30 Customer (01/07/2015 to 16/11/2015) at the firm.
- Robert Donald Harradine. Listed on the FCA Register as having held CF30 Customer (09/05/2013 to 03/01/2014) at the firm.
- David Michael. Listed on the FCA Register as having held CF30 Customer (28/11/2011 to 03/09/2015) at the firm.
- Zane Tibble. Listed on the FCA Register as having held CF1 Director (AR) (13/01/2018 to 08/08/2019) 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 |
|---|---|---|---|
| Augere Financial Limited | FRN 796686 | 18/12/2017 | 13/08/2019 |
Review page sources: FCA Register (FRN 115308) · Companies House (01747595) · FSCS. Public records, provided for transparency.
