THE MATRIX MODEL GROUP (UK) LIMITED

Reference number: 401319

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

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
05061062
Company status
Active
Company type
Private limited company
Incorporated
2 March 2004 (22 years old)
Registered office
67-83 Queens Dock Commercial Centre, Norfolk Street, Liverpool, L1 0BG, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Martin Thomas Simms Director Sep 1964 2 Mar 2004
Steven Edward Rowlands Director Nov 1975 19 May 2004
Steven Edward Rowlands Secretary Not published 2 Mar 2004

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.

    Check your FSCS cover →

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
Show FCA detail (4 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Arranging (bringing about) deals in investments
  • Debt-counselling
  • Making arrangements with a view to transactions in investments

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

Track record

Action taken against them

1 fine in 2011, £45,000 in total. This is part of the official register record and is worth reviewing before going ahead.

  • Fined £45,000 on 14 April 2011
    The FSA published a statement about the contravention by The Matrix Model Group (UK) Limited (Matrix) of Principle 7 and Principle 9 of the of the FSA's Principles for Businesses and associated FSA rules between 17 November 2004 and 31 December 2006. Specifically, Matrix failed to pay due regard to the information needs of its clients, and communicate information to them in a way which was clear, fair and not misleading, in contravention of Principle 7 by: (1) failing to communicate why it had concluded that a GTEP product was suitable for the client; and (2) failing to communicate the characteristics of and risks associated with the GTEP product, also breaching COB 5.4.3R. Matrix also failed to take reasonable care to ensure the suitability of its advice, in contravention of Principle 9 by: (1) failing to gather or record adequate Know Your Customer (KYC) information, also breaching COB 5.2.5R; (2) failing to match the customer's attitude to risk to the risk rating of the recommended product; and (3) failing to record adequately why the GTEP product was the most suitable product for the client. In particular, Matrix failed to record evidence of having conducted research on other financial products that could have met the particular client's needs. The FSA had originally sought to impose a financial penalty of £45,000. However, Matrix provided verifiable evidence that imposing a financial penalty would cause it serious financial hardship. In the circumstances, the FSA decided that it would not be appropriate to impose a financial penalty.

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Common questions

Frequently asked questions

Is THE MATRIX MODEL GROUP (UK) LIMITED FCA authorised?
Yes, THE MATRIX MODEL GROUP (UK) LIMITED (FRN 401319) is authorised by the FCA to carry out regulated activities.
Is my money safe with THE MATRIX MODEL GROUP (UK)?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about THE MATRIX MODEL GROUP (UK) to the Financial Ombudsman Service, free of charge.
Is THE MATRIX MODEL GROUP (UK) a scam or clone?
THE MATRIX MODEL GROUP (UK) 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 THE MATRIX MODEL GROUP (UK)'s Firm Reference Number (FRN)?
THE MATRIX MODEL GROUP (UK)'s FRN is 401319. You can verify it on the FCA register.