TAYLOR AND TAYLOR ASSOCIATES
Due to a case of fraud worth £17 million, two independent financial advisor brothers from Norfolk have been sent to jail.
The Taylor brothers were continuously lying to their clients and putting their money into risky schemes known as contracts for differences. These essential bet on the fall of the stock market. In addition to this, the brothers also failed to disclose to their clients that they were both shareholders and directors of the Vantage Investment Group.
Breaching Client Trust
The actions of the Taylor brothers caused their clients a great deal of anxiety, stress, and many sleepless nights. Many of these clients approaching reaching retirement age and were inherited from Taylor and Taylor Associates (their father’s company) and so they trusted the advice they were given. However, they were only interested in low risk investments rather than the risky ones being offered.
During the court ruling, it was noted that their loyal clients favoured a much more measured and cautious approach to investment risk and had trusted the brothers to handle their funds in a way that was careful and honest – much like how their dad acted. What the brothers did was deemed to be a prolonged and elaborate breach of client trust.
Lost Money
Between the two brothers (Russell and Alan) they dealt with approximately 237 separate clients and £16.69 millions of funds. Unfortunately, they managed to lose their clients close to £5 million.
Because they both pleaded guilty to the charges that were made against them, their sentences were reduced by 20% as it saved prosecution resources and time. As a result of their conviction, the brothers has been disqualified for the next 12 years from being directors of a company.
Due to their actions, the company no longer has authorisation to remain in business according to the register of the Financial Conduct Authority (FCA). Whilst the Vantage Investment Group is still authorised to remain in business, it has applied to cancel its authorisation.
Get Your Transaction(s) Reviewed
If you had dealings with the Taylor brothers and the investments you mad with them have performed poorly, you may want to act now by having all of your transactions reviewed. If you need help with this or have any concerns about what you discover, then get in contact with our team of experts look into your case and advise you on how to proceed. However, you need to act quickly as there are time limitations in place.
Company background (public record)
The company was incorporated at Companies House on 15 May 2003 under company number 04765221. Its status at Companies House is recorded as dissolved.
Registered office: Town Wall House, Balkerne Hill, Colchester, Essex, CO3 3AD.
Nature of business (SIC): 66190.
Company timeline (public record)
Key dated events for this firm, drawn from public records. Each entry shows its source.
| Date | Event | Source |
|---|---|---|
| 15 May 2003 | Company incorporated | Companies House |
| 15 May 2003 | Russell Martin Taylor appointed secretary | Companies House |
| 15 May 2003 | Alan Richard Taylor appointed director | Companies House |
| 15 May 2003 | Temple Secretaries Limited appointed corporate-nominee-secretary | Companies House |
| 15 May 2003 | Temple Secretaries Limited resigned as corporate-nominee-secretary | Companies House |
| 15 May 2003 | Richard Edward Taylor appointed director | Companies House |
| 15 May 2003 | Company Directors Limited appointed corporate-nominee-director | Companies House |
| 15 May 2003 | Company Directors Limited resigned as corporate-nominee-director | Companies House |
| 21 Aug 2003 | Russell Martin Taylor appointed director | Companies House |
| 21 Aug 2003 | Gillian Mary Taylor appointed director | Companies House |
| 04 Sep 2003 | Richard Edward Taylor approved by the FCA at the firm | FCA Register |
| 04 Sep 2003 | Alan Richard Taylor approved by the FCA at the firm | FCA Register |
| 01 Apr 2005 | Russell Martin Taylor approved by the FCA at the firm | FCA Register |
| 26 Sep 2006 | Gillian Taylor approved by the FCA at the firm | FCA Register |
| 01 Sep 2010 | Gillian Mary Taylor resigned as director | Companies House |
| 01 Sep 2010 | Richard Edward Taylor resigned as director | Companies House |
| 06 Mar 2013 | Kelly Elliff approved by the FCA at the firm | FCA Register |
| 02 Jun 2015 | Company wound up (creditors’ voluntary liquidation) | Companies House |
| 02 Jun 2015 | Insolvency practitioner appointed: Lee De'Ath | Companies House |
| 02 Jun 2015 | Insolvency practitioner appointed: Richard Howard Toone | Companies House |
| 27 Nov 2015 | Declared in default by the FSCS | FSCS |
| 12 Apr 2016 | FCA status recorded as: No longer authorised | FCA Register |
| 22 Jan 2021 | Company dissolved (creditors’ voluntary liquidation) | 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.
- Gillian Taylor. Listed on the FCA Register as having held CF1 Director (26/09/2006 to 01/03/2013) at the firm.
- Russell Martin Taylor. Listed on the FCA Register as having held CF30 Customer (01/11/2007 to 14/11/2018), CF21 Investment Adviser (01/04/2005 to 14/11/2018) at the firm.
- Richard Edward Taylor. Listed on the FCA Register as having held CF21 Investment Adviser (04/09/2003 to 20/08/2007), CF10 Compliance Oversight (04/09/2003 to 20/08/2007), CF8 Apportionment and Oversight (04/09/2003 to 20/08/2007), CF1 Director (04/09/2003 to 30/12/2012) at the firm.
- Kelly Elliff. Listed on the FCA Register as having held CF30 Customer (06/03/2013 to 04/10/2013) at the firm.
- Alan Richard Taylor. Listed on the FCA Register as having held Responsible for Insurance Mediation (14/01/2005 to 14/11/2018), CF30 Customer (01/11/2007 to 14/11/2018), CF22 Investment Adviser (Trainee) (04/09/2003 to 14/11/2018), CF21 Investment Adviser (03/10/2003 to 14/11/2018) at the firm.
- Temple Secretaries Limited. Listed at Companies House as corporate-nominee-secretary (appointed 2003-05-15, resigned 2003-05-15).
- Gillian Mary Taylor. Listed at Companies House as director (appointed 2003-08-21, resigned 2010-09-01).
- Company Directors Limited. Listed at Companies House as corporate-nominee-director (appointed 2003-05-15, resigned 2003-05-15).
Review page sources: FCA Register (FRN 225438) · Companies House (04765221) · FSCS. Public records, provided for transparency.
