Paragon Scheme Management Services Limited

Reference number: 415457

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Appointed representative, 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).

Responsible principal firm

Paragon Advance Ltd Reference number: 304595 Caution 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.
  • Paragon Scheme Management Services Limited (FRN 415457) is an AR of Paragon Advance Ltd (FRN 304595). When you use Paragon Scheme Management Services's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Paragon Scheme Management Services, 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.

  • No website on the FCA register

  • No phone number on the FCA register

  • Verified address

    c/o Alexander Kinninmonth and James Prior, of FRP Advisory Trading Limited, Mountbatten House, Grosvenor Square, Southampton, SO15 2JU, United Kingdom

Also trades as
  • FCC Paragon

Company details

From the company's Companies House record.

Concerns on the company record

  • Companies House records this company in administration.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
03176719
Company status
Administration
Company type
Private limited company
Incorporated
22 March 1996 (30 years old)
Registered office
3rd Floor 2 Charlotte Place, Southampton, SO14 0TB
Nature of business
  • Non-life insurance (SIC 65120)
  • Management consultancy activities other than financial management (SIC 70229)

Current directors and secretaries

Name Role Born Appointed
Brynley Richards Cole Director Apr 1955 25 Mar 1997
Rebecca Ann Leaves Director Jul 1981 26 Apr 2022

Check on the FCA register → Report a scam →

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.

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 Paragon Scheme Management Services Limited FCA authorised?
Paragon Scheme Management Services Limited (FRN 415457) 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 Paragon Scheme Management Services?
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. Paragon Scheme Management Services Limited (FRN 415457) is an AR of Paragon Advance Ltd (FRN 304595). When you use Paragon Scheme Management Services's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Paragon Scheme Management Services, 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 Paragon Scheme Management Services?
Paragon Scheme Management Services 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 Paragon Scheme Management Services a scam or clone?
Paragon Scheme Management Services 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 Paragon Scheme Management Services's Firm Reference Number (FRN)?
Paragon Scheme Management Services's FRN is 415457. You can verify it on the FCA register.