Eight financial services firms enter liquidation after FCA action

Action follows several winding up petitions launched by the FCA

Julia Bahr
clock • 2 min read

Eight firms have entered liquidation following a series of warnings by The Financial Conduct Authority (FCA) against them.

The FCA said the eight firms appeared to have connections to each other and consumers may have invested substantial sums with at least two of the businesses (Cavendish and Marvell). The firms failed to respond to communications from the regulator, it added. "We believe they pose a significant risk to consumers and took action to prevent these firms from causing further harm to consumers and so that, if the firms hold any assets, they can be recovered for the benefit of anyone owed money by the companies," the watchdog said. The firms are: Cavendish Incorporated   Cottesmore ...

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