Halo Financial Limited

Reference number: 528727

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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.

  • No website on the FCA register

  • No phone number on the FCA register

  • Verified address

    Bai Cham and Louise Longley, BTG Begbies Traynor, FLOOR 2, 10 WELLINGTON PLACE, Leeds, LS1 4AP, 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.
  • This company has insolvency history on record.
Company number
05155787
Company status
Administration
Company type
Private limited company
Incorporated
16 June 2004 (22 years old)
Registered office
Floor 2 10 Wellington Place, Leeds, LS1 4AP
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Gavin Herridge Director Aug 1972 11 Oct 2004
David Antony Johnson Director Mar 1959 1 Jan 2007
David Antony Johnson Secretary Not published 27 Jun 2018

Activities and protection

What the record covers, and how you are protected

  • In an insolvency process
    Money 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)
  • 1. Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account.
  • 5. Issuing and/or acquiring of payment instruments.
  • 6. Money remittance.

Limits on the record

  • Voluntary Undertaking Effective 30 April 2026
    With Immediate effect, the Firm undertakes to comply with the following requirements (“the Requirements”) as set out below: Business Restriction (cease activity) 1. The Firm must not, without the prior written consent of the Authority: (a) conduct any payment service as defined in regulation 2(1) of the Payment Services Regulations (“PSR”); (b) register and/or onboard any new customers. (c) accept any additional funds or account credits from any existing customers; or (d) open any new FX trades or positions. Notification 2. By 4pm on 1 May 2026, the Firm must notify in writing all customers of the imposition and effect of these Requirements in a form to be agreed in advance with the Authority. 3. By 4pm on 1 May 2026, the Firm must display, in a prominent place on its website, its customer log in portal page, and any other communication channels or contact method by which the Firm communicates with customers (e.g. mobile applications, other digital channels, etc), a notice setting out the terms and effects of these Requirements in a form to be agreed in advance with the Authority. Asset Restriction 4. Subject to paragraph 5, the Firm must not, without the prior written consent of the Authority, in any way dispose of, withdraw, transfer, deal with or diminish the value of any funds held in its operational accounts, including but not limited to the Firm’s accounts held with The Currency Cloud Limited and Crown Agents Bank Limited. 5. The asset restriction at paragraph 4 does not apply to the disposal of assets or monetary payments made by the Firm in the ordinary course of business. 6. For the purposes of the preceding paragraph; a. the following are payments made in the ordinary course of business: i. payments to the Firm’s suppliers or other third parties in satisfaction of the Firm’s contractual and/or legal obligations (including but not limited to payments of or on account of professional fees or expenses, including but not limited to legal, compliance and/or other professional fees or expenses of any professionals or consultants appointed by the Firm to advise in connection with its wind down or otherwise); and/or ii. usual and proper salary payments made by the Firm (which had been agreed prior to the Effective Date). b. the following are not made in the ordinary course of business: i. payments of unusual or significant amounts to the Firm’s controllers, shareholders, directors, officers, employees or any connected persons (whether as a single transaction or a combination of related transactions); ii. the making of any capital distribution or payment of any dividend; iii. the making of any gift or loan by the Firm to any party; and/or iv. payments made as part of any financial restructuring or reorganisation of its business, of from the sale of any part. Records retention 7. The Firm must make all reasonable efforts to secure and preserve all records and/or information (physical or electronic) relating to its business in their original form, or in a copy provided it is identical to the source material. In the event that the firm is unable to access certain records it should secure and preserve those that it has access to as above. These must be retained in a form and at a location within the United Kingdom, to be notified to the Authority in writing by 5pm on 7 May 2026, such that they can be provided to the Authority, or to a person named by the Authority, promptly on its request. Reporting 8. The Firm must continue to provide the Authority with a written update by 12 noon every Thursday, beginning on 7 May 2026 until such time as it is notified otherwise in writing by the Authority, with confirmation that it is in compliance with these Requirements. 9. For the avoidance of doubt, the Firm must continue to comply with its reporting obligations in accordance with the previous undertakings given to the Authority.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

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Common questions

Frequently asked questions

Is Halo Financial Limited FCA authorised?
Yes, Halo Financial Limited (FRN 528727) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm.
Is my money safe with Halo Financial?
Halo Financial is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Is Halo Financial a scam or clone?
Halo Financial is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Halo Financial's Firm Reference Number (FRN)?
Halo Financial's FRN is 528727. You can verify it on the FCA register.