Adaptogen Capital Management Ltd

Reference number: 956483

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Appointed representative

This firm does not hold FCA authorisation of its own, and 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.
  • Adaptogen Capital Management Ltd (FRN 956483) is an AR of The Fund Incubator Limited (FRN 208716). When you use Adaptogen Capital Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Adaptogen Capital Management, 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.

Website, phone number and address

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.

In the full report: 3 background checks

  • When adaptogencapital.com first appeared online, and whether it can receive email
  • What kind of line 020 7959 4402 is
  • Who else gives the postcode W1B 5QE
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FCA permissions and consumer protection

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

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
13166694
Company status
Active
Company type
Private limited company
Incorporated
29 January 2021 (5 years old)
Registered office
2nd Floor, 27 Kingly Street, London, W1B 5QE, England
Nature of business
  • Financial management (SIC 70221)

Directors and company secretaries

Name Role Born Appointed Other companies
James Douglas George Mills Director Dec 1972 29 Jan 2021 14 other companies
Francis Dunne Director Mar 1956 10 Aug 2021 None
Patrick Michael Kilkenny Director Jun 1969 14 Mar 2022 13 other companies
Philip Charles Muller Director Feb 1981 8 Oct 2026 3 other companies

Other companies run by these 4 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies
16
still active
16
run together
12

In the full report: all 16 companies, named

  • What each company does, and whether it is still trading
  • Which of these 4 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 12 companies these 4 directors run together
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Filed accounts and finances

Year to 30 September 2025Full accountsNot audited

Net assets

£193k

−47% from £364k

Cash at bank

£645k

−51% from £1.33m

Employees (average)

1

Same as 1

Owed within a year

£453k

−53% from £972k

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2021 to 2025
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 13166694. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Adaptogen Capital Management’s history from the FCA register and Companies House, newest first.

Key events (5) All events (9)

2021

10 August 2021

  • Became an appointed representative

FCA register · Companies House

29 January 2021

  • Incorporated at Companies House
  • Adaptogen Capital Ltd took control (75–100% of shares)
  • James Douglas George Mills gave up control
  • James Douglas George Mills took control (75–100% of shares)

Companies House

In the full report: all 9 events

  • All 9 events in its history (5 shown here)
  • Every director appointment and resignation: 4
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Firms like Adaptogen Capital Management

Other firms of the same type (financial adviser), nearest first.

In London

SIX Financial Information UK LimitedLondonAppointed representativeMagellan Investment Partners (UK) LimitedLondonAppointed representativeMoonfare UK LimitedLondonAppointed representativeAlpha FX Institutional LimitedLondonAppointed representativeLCP Capital Solutions LimitedLondonAppointed representativeBrighton Park Capital UK LimitedLondonAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Adaptogen Capital Management

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 16 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 9 events in its history

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Frequently asked questions about this firm

Is Adaptogen Capital Management Ltd FCA authorised?
Adaptogen Capital Management Ltd (FRN 956483) 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 Adaptogen Capital Management?
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. Adaptogen Capital Management Ltd (FRN 956483) is an AR of The Fund Incubator Limited (FRN 208716). When you use Adaptogen Capital Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Adaptogen Capital Management, 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.
What is Adaptogen Capital Management’s phone number and website?
The FCA register lists the phone number 020 7959 4402 and the website AdaptogenCapital.com for Adaptogen Capital Management. If you were given different contact details, use these to check with the firm before going any further.
Is Adaptogen Capital Management a scam or clone?
Adaptogen Capital Management is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Adaptogen Capital Management?
Protection works through The Fund Incubator Limited, the principal firm responsible for Adaptogen Capital Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Adaptogen Capital Management?
Adaptogen Capital Management is owned by Adaptogen Capital Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 29 January 2021. Before that, it was controlled by Mr James Douglas George Mills.
Who runs Adaptogen Capital Management?
Companies House lists 4 directors of Adaptogen Capital Management: James Douglas George Mills, Francis Dunne, Patrick Michael Kilkenny and Philip Charles Muller.
How long has Adaptogen Capital Management been in business?
The company was formed on 29 January 2021.
What do Adaptogen Capital Management’s latest accounts show?
Its latest accounts, to 30 September 2025, show net assets of £193k (−47% from £364k) and cash at bank of £645k (−51% from £1.33m).

Sources and links

The full report on Adaptogen Capital Management Ltd

£19.99 · Instant PDF download

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