Blackthorn Finance Ltd
Reference number: 927408
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Authorised, but in an insolvency process
This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.
What the FCA says
ATTENTION - Firm in an insolvency process
This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).
Same company
This company holds another FCA record
A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.
Identity
Check their details
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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No website on the FCA register
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No phone number on the FCA register
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Verified address
Adam Stephens, Philip Hemming and Kevin Ley of S&W Partners LLP, S&W Partners, 45 Gresham Street, London, EC2V 7BG, United Kingdom
Company details
From the company's Companies House record.
Concerns on the company record
- Companies House records this company in administration, but it is still authorised on the FCA register.
- Accounts are overdue at Companies House.
- Confirmation statement is overdue at Companies House.
- This company has insolvency history on record.
- Company number
- 10024682
- Company status
- Administration
- Company type
- Private limited company
- Incorporated
- 24 February 2016 (10 years old)
- Registered office
- C/O Rrs Department, S&W Partners Llp, 45 Gresham Street, London, EC2V 7BG
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Warning
Scammers have impersonated this firm
Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.
Fake websites (1)
- e-bangocard.com
The FCA warning these came from
- E-Bango Card 8 September 2021
Scammers change these details often. Always check the live FCA warning.
Activities and protection
What the record covers, and how you are protected
- In an insolvency processMoney the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (5 permissions)
- 1. Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account.
- 2. Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account.
- 3. Executing payment transactions (no credit line)
- 5. Issuing and/or acquiring of payment instruments.
- 6. Money remittance.
Limits on the record
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Restriction on activities
The Firm must not, without the prior written consent of the Authority, conduct any payment services as defined under regulation 2(1) of the Payment Services Regulations 2017.
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Retention and notification requirements
6. By 4pm on Sunday, 19th November 2023, the Firm must: a. Display, in a prominent place on its website, in terms, font and size to be agreed with the Authority, outlining the effect of the Requirements and providing links to the relevant website address of the entry in the Authority’s register relating to the Firm where the terms of those Requirements will appear. b. Write to all clients informing them of the imposition of these Requirements and their effects, and that it will be taking all reasonable steps to return all balances held by it on their behalf. The wording of this communication is to be first agreed with the Authority. 7. The Firm must secure all books and records and preserve all information, including material held via online/cloud-based systems to which the Firm has access, in relation to regulated activities carried on by it and, in addition, regulated activities carried out for or in relation to customers with whom it is not authorised to deal. These books and records must be retained in a form and at a location within the UK to be notified to the Authority within 24 hours of the receipt of this notice. The records must be retained in a form and at a location such that they can be provided to the Authority, or to a person named by the Authority, promptly upon its request. 8. These Requirements shall remain in force unless and until varied or cancelled by the Authority (either on the application of the Firm or of the Authority’s own volition).
Track record
FCA actions and complaints
No FCA disciplinary action, and no complaints recorded with the Ombudsman.
The clone warnings above are scammers using this firm's name, not something the firm has done.
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