Aviation and Tech Capital Ltd

Reference number: 724444

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Authorised, 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).

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 ablrate.com first appeared online, and whether it can receive email
  • What kind of line 0330 053 1660 is
  • Who else gives the postcode EC4A 3AG
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Other names (2)

If you were contacted under any of these names, it is this firm.

  • Ablrate Trading name
  • www.ablrate.com Former trading name

Past FCA permissions and consumer protection

  • 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.
Show FCA detail (1 permission)
  • Operating an electronic system in relation to lending

Limits on the record

  • Closed to new regulated business (effective from 15/07/2022)
    The requirements which A&TCL applies to be imposed upon it with immediate effect are that it will: • not promote or accept any new applications for lending of new funds by Retail Customers through the operation of its Electronic Lending System; • not enter into any Agreement to accept new funds from Retail Customers for investment on or through its Electronic Lending System; • close the secondary market facility on its Electronic Lending System, so that Retail Customers cannot buy or sell existing agreements; • continue to facilitate the repayment of capital and interest from borrowers to Retail Customers until all funds have been repaid or recovery action has been completed; and • communicate with Retail Customers to encourage withdrawal of funds held in the firm’s client money account The Financial Services Register (which is accessible to the public) will reflect that A&TCL’s Electronic Lending System is closed to Retail Customers.

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.

Concerns on the company record

  • Companies House records this company in administration, but it is still authorised on the FCA register.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
07940046
Company status
Administration
Company type
Private limited company
Incorporated
7 February 2012 (14 years old)
Registered office
Matches the FCA register address ✓
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Filed accounts and finances

Year to 31 August 2022Abridged accountsNot audited

Net assets

£444k

−51% from £907k

Cash at bank

£56.6k

No earlier figure to compare

Employees (average)

7

+40% from 5

Owed within a year

£250k

+291% from £63.9k

Its next accounts are overdue at Companies House.

No turnover or profit for the year to 31 August 2022: the accounts print them but do not tag them. The last tagged figures are £1.61m turnover and £46.2k profit, for the year to 31 August 2019.

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2019 to 2022
  • 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 07940046. 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

Aviation and Tech Capital’s history from the FCA register and Companies House, newest first.

Key events (6) All events (24)

2024

15 January 2024

  • David Bradley-Ward stopped being a part-owner

Companies House

2022

15 July 2022

  • FCA imposed a requirement (Closed to new regulated business (effective from 15/07/2022))

FCA register

2017

30 March 2017

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2016

6 April 2016

  • David Bradley-Ward became a part-owner (25–50% of shares)

Companies House

2012

7 February 2012

  • Incorporated at Companies House

Companies House

In the full report: all 24 events

  • All 24 events in its history (6 shown here)
  • Every director appointment and resignation: 14
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Firms like Aviation and Tech Capital

Other firms of the same type (peer-to-peer lending platform), nearest first.

In London

Blend Loan Network LimitedLondonAuthorisedBusiness Loan Network LimitedLondonAuthorisedCrowd2Fund LimitedLondonAuthorisedCrowdestates LimitedLondonAuthorisedDenmark Square LimitedLondonAuthorisedE-Money Capital LtdLondonAuthorised

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 Aviation and Tech Capital

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

  • 3 background checks on its contact details
  • 4 years of accounts, charted
  • All 24 events in its history

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Frequently asked questions about this firm

Is Aviation and Tech Capital Ltd FCA authorised?
Yes, Aviation and Tech Capital Ltd (FRN 724444) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm. It has held its current authorisation since March 2017 and works as a peer-to-peer lending platform. The FCA has placed a limit on what it may do.
What is Aviation and Tech Capital’s phone number and website?
The FCA register lists the phone number 0330 053 1660 and the website ablrate.com for Aviation and Tech Capital. If you were given different contact details, use these to check with the firm before going any further.
Is Aviation and Tech Capital a scam or clone?
Aviation and Tech Capital 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 Aviation and Tech Capital?
Aviation and Tech Capital 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.
Who owns Aviation and Tech Capital?
Companies House lists no one with significant control of Aviation and Tech Capital now. Before that, it was controlled by Mr David Bradley-Ward.
How long has Aviation and Tech Capital been in business?
The company was formed on 7 February 2012. Companies House now lists it as administration.
What do Aviation and Tech Capital’s latest accounts show?
Its latest accounts, to 31 August 2022, show net assets of £444k (−51% from £907k) and cash at bank of £56.6k (no earlier figure to compare). Its accounts are overdue at Companies House.
Does Aviation and Tech Capital use any other names?
It trades as Ablrate. It has previously used the name www.ablrate.com.

Sources and links

The full report on Aviation and Tech Capital Ltd

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