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.
- Appointed for 4 years
- Protected through the principal
- No FCA actions
- Active company since 2022
- Accounts filed up to 31 December 2025
- On its latest accounts it owed £2,245 more than it owned
Responsible principal firm
Capricorn Fund Managers Limited Reference number: 505252 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.
- Black Chords Limited (FRN 974787) is an AR of Capricorn Fund Managers Limited (FRN 505252). When you use Black Chords's services, the FCA authorisation sits with the principal firm.
- Example: if you take financial advice from Black Chords, 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.
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No website on the FCA register
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Phone number
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Address
65 Alfred Road, Studio 62 Great Western Studios, W2 5EU, United Kingdom
In the full report: 2 background checks
- What kind of line 07884 287536 is
- Who else gives the postcode W2 5EU
FCA permissions and consumer protection
- Protection through the principal firmProtection works through Capricorn Fund Managers 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, freeYou 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
- 13987445 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 18 March 2022 (4 years old)
- Registered office
- Studio 62 Great Western Studios, 65 Alfred Road, London, W2 5EU, England
- Nature of business
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- Fund management activities (SIC 66300)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Michael Al Salem | Director | Jul 1978 | 18 Mar 2022 | None |
In the full report: every company its directors have run
- Confirmation that its director runs no other company
- Both people who have been directors, with their dates
Filed accounts and finances
Total equity
−£2,245
−101% from £171k
Cash at bank
£3,428
−97% from £105k
Owed within a year
£77.3k
+25% from £62.0k
Total equity is negative: on its last balance sheet the company owed £2,245 more than it owned.
Total equity
In the full report: all 4 years of accounts
- Every year from 2023 to 2025
- The chart, over every year
- Every filed figure, year by year
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 13987445. Figures are exactly as filed; nothing is estimated.
Key dates in its history
Black Chords’s history from the FCA register and Companies House, newest first.
2022
28 April 2022
- Became an appointed representative
FCA register
18 March 2022
- Incorporated at Companies House
- Michael Al Salem took control (75–100% of shares)
Companies House
In the full report: all 6 events
- All 6 events in its history (3 shown here)
- Every director appointment and resignation: 3
Firms like Black Chords
Other firms of the same type (investment or fund manager), nearest first.
In the West London (W) postcode area
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 Black Chords
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- Every company its directors have run, named
- 2 background checks on its contact details
- 4 years of accounts, charted
- All 6 events in its history
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Frequently asked questions about this firm
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Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk