Business Agent Limited
Reference number: 669880
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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).
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
Louise Longley and Julian Nigel Richard Pitts, Begbies Traynor (Central) LLP, FLOOR 2, 10 WELLINGTON PLACE, Leeds, LS1 4AP, United Kingdom
- NextCrowd
- NEXTFIN
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
- 08819159
- Company status
- Administration
- Company type
- Private limited company
- Incorporated
- 18 December 2013 (12 years old)
- Registered office
- Second Floor, 10 Wellington Place, Leeds, West Yorkshire, LS1 4AP
- Nature of business
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- Advertising agencies (SIC 73110)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Sacha John Bright | Director | Jul 1972 | 18 Dec 2013 |
| Xiaoshu Gao | Director | Nov 1990 | 1 Jul 2019 |
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 (3 permissions)
- Arranging (bringing about) deals in investments
- Credit Broking
- Making arrangements with a view to transactions in investments
Limits on the record
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Cease Regulated Activity
1. The Firm must not conduct any regulated activities without the Authority’s prior written consent.
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Notification and Reporting requirements
2) By 5:00pm on 26 July 2024, the Firm must notify in writing any financial services providers that it holds accounts with of the terms and effect of these Requirements. As soon as practicable in advance of making the notifications, the Firm must agree the wording of the notifications with the Authority. 3) by 5:00pm on 26 July 2024 the Firm must: a) Publish a prominent notice on the front page of its website, and any website that it controls, in terms, font and size to be agreed with the Authority, outlining the effect of the Requirements and providing a link to the relevant website and entry in the Authority’s register relating to the Firm where the terms of those requirements will appear. b) Ensure that when any client of the Firm enters login details to access an account, a prominent notice is immediately displayed to the client, in terms, font and size to be agreed with the Authority, outlining the effect of the requirements above and providing a link to the relevant website address of the entry in the Authority’s register relating to the Firm where the terms of these requirements will appear. 4) Within 24 hours of the notifications at Requirements (2) and (3) being made, the Firm must provide to the Authority: a) Copies of the template notification sent to all recipients; and b) Confirmation that, to the best of its knowledge, the Firm has sent notifications pursuant to the Requirements (2) and (3). 5) The Firm shall send to the Authority by email by 12 noon every Friday, beginning on 2 August 2024 until such time as it is notified otherwise in writing by the Authority, up-to-date bank statements for all the Firm’s bank, payments and/or electronic money accounts.
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Records requirement
6) The Firm must: a) Secure all books and records and preserve information and systems relating to all regulated activities carried on by it, whether or not the Firm holds permissions for that activity. b) Retain such records in a form and at a location within the UK, to be notified to the Authority in writing no later than seven days after the coming into force of these requirements, such that they can be provided to the Authority, or to a person named by the Authority, promptly on its request. 1.2 These Requirements shall take immediate effect and 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.
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