Main Set LLP

Reference number: 1019846

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Appointed representative

This firm does not hold FCA authorisation of its own. It acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

The Fund Incubator Limited Reference number: 208716 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Main Set LLP (FRN 1019846) is an AR of The Fund Incubator Limited (FRN 208716). When you use Main Set's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Main Set, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

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.

Company details

From the company's Companies House record.

Company number
OC450304
Company status
Active
Company type
Limited liability partnership
Incorporated
14 December 2023 (2 years old)
Registered office
Second Floor, Malta House, 36-38 Piccadilly, London, W1J 0DP

Current directors and secretaries

Name Role Born Appointed
Ioto Iotov LLP designated member May 1984 14 Dec 2023
CAPRICORN CAPITAL PARTNERS UK LIMITED Corporate LLP designated member Not published 14 Dec 2023
CV5 INVESTMENT HOLDINGS LIMITED Corporate LLP member Not published 8 Aug 2025

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Protection through the principal firm
    Protection works through The Fund Incubator Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

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

Previously registered as

The FCA register holds 2 earlier registered names for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • Mainset UK LLP
  • Main Set UK LLP

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Common questions

Frequently asked questions

Is Main Set LLP FCA authorised?
Main Set LLP (FRN 1019846) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Main Set?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Main Set LLP (FRN 1019846) is an AR of The Fund Incubator Limited (FRN 208716). When you use Main Set's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Main Set, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
Is my money safe with Main Set?
Protection works through The Fund Incubator Limited, the principal firm responsible for Main Set's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Main Set a scam or clone?
Main Set 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 Main Set's Firm Reference Number (FRN)?
Main Set's FRN is 1019846. You can verify it on the FCA register.