Charles Schwab, U.K., Limited

Reference number: 225116

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Scammers have impersonated this firm. The FCA has published 1 warning naming the fake phone numbers, emails and websites they used. See the warnings →

Authorised by the FCA

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

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 schwab.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 3795 2704 is
  • Who else gives the postcode EC4M 7JN
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Warning

Scammers have impersonated this firm

Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.

Fake phone numbers (3)
  • +852 5241 9660
  • +852 9266 7685
  • 020 8133 8690
Fake email addresses (3)
  • accounts@schwab.uk.com
  • ipo@schwab.uk.com
  • richard.thorpe@schwab.uk.com
Fake websites (1)
  • schwab.uk.com
The FCA warning these came from

Scammers change these details often. Always check the live FCA warning.

FCA permissions and consumer protection

  • 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.
  • 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.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (3 permissions)
  • Arranging (bringing about) deals in investments
  • Credit Broking
  • Making arrangements with a view to transactions in investments

FCA disciplinary action

FCA action

fine
1
in fines
£8.96m
most recent
December 2020
  • Fined £8.96m on 21 December 2020
    On 21 December 2020, the FCA has imposed on Charles Schwab UK Limited (“CSUK”) a financial penalty of £8,963,200 pursuant to section 206 of the Act. The reason for this action is because between 1 August 2017 and 22 April 2019 CSUK breached Principle 10 of the Authority’s Principles for Businesses and associated rules in the Authority’s Client Assets Sourcebook. Further, between 1 August 2017 and 22 March 2018  CSUK breached section 20 of the Financial Services and Markets Act 2000. In addition, on 12 January 2018, CSUK breached Principle 11. The FCA’s action took effect on 21 December 2020 and a copy of the Final Notice is displayed on the FCA's web site.

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
04709153
Company status
Active
Company type
Private limited company
Incorporated
24 March 2003 (23 years old)
Registered office
33 Ludgate Hill, London, EC4M 7JN, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Richard John Flynn Director Apr 1980 17 Jun 2019 None
Elaine Michelle Hutchins Ball Director Dec 1971 26 Mar 2024 None
Kathie Koo Chao Director Apr 1982 26 Mar 2024 None
Adam Jamieson Goethe Director May 1983 10 Jun 2024 None

In the full report: every company its directors have run

  • Confirmation that these 4 directors run no other company
  • All 26 people who have been directors, with their dates
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Key dates in its history

Charles Schwab, U.K.,’s history from the FCA register and Companies House, newest first.

Key events (7) All events (57)

2020

21 December 2020

  • Fined £8.96m by the FCA

FCA register

22 October 2020

  • FCA warned the public about a scam impersonating this firm

FCA warning list

2016

6 April 2016

  • The Charles Schwab Corporation took control (75–100% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2003

15 August 2003

  • Regulated by the Financial Services Authority from this date
  • Became authorised by the FCA

FCA register

24 March 2003

  • Incorporated at Companies House

Companies House

In the full report: all 57 events

  • All 57 events in its history (7 shown here)
  • Every director appointment and resignation: 46
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Firms connected to Charles Schwab, U.K.,

Other FCA-listed firms that share a director, phone number or address with Charles Schwab, U.K.,. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
3
no longer authorised
1
share its postcode
3

In the full report: all 3 connected firms, named

  • How each is linked: the same postcode (3)
  • Who links each one: the named directors, with dates
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Firms like Charles Schwab, U.K.,

Other firms of the same type (credit broker), nearest first.

In London

London Business SchoolLondonAuthorisedRoyal College of Nursing of the United KingdomLondonAuthorisedRobert BurgessLondonAuthorisedSwoop Finance LimitedLondonAuthorisedNanotax LimitedLondonAuthorisedMha Financial Solutions LimitedLondonAuthorised

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 Charles Schwab, U.K.,

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
  • 3 background checks on its contact details
  • All 57 events in its history
  • 3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Charles Schwab, U.K., Limited FCA authorised?
Yes, Charles Schwab, U.K., Limited (FRN 225116) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since August 2003 and works as a credit broker. The FCA has placed no limits on its permissions.
What is Charles Schwab, U.K.,’s phone number and website?
The FCA register lists the phone number 020 3795 2704 and the website schwab.co.uk for Charles Schwab, U.K.,. If you were given different contact details, use these to check with the firm before going any further.
Is Charles Schwab, U.K., a scam or clone?
Scammers have impersonated Charles Schwab, U.K.,: the FCA has published a warning about fake versions of it, using contact details that are not the firm's. Only trust the details the FCA register gives for Charles Schwab, U.K.,, shown on this page.
Is my money safe with Charles Schwab, U.K.,?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Charles Schwab, U.K., to the Financial Ombudsman Service, free of charge.
Who owns Charles Schwab, U.K.,?
Charles Schwab, U.K., is owned by The Charles Schwab Corporation, which holds 75–100% of shares, since 6 April 2016.
Who runs Charles Schwab, U.K.,?
Companies House lists 4 directors of Charles Schwab, U.K.,: Richard John Flynn, Elaine Michelle Hutchins Ball, Kathie Koo Chao and Adam Jamieson Goethe.
How long has Charles Schwab, U.K., been in business?
The company was formed on 24 March 2003, and has held its current FCA authorisation since August 2003.
Has the FCA taken action against Charles Schwab, U.K.,?
Yes. The FCA register records 1 fine in 2020, £8.96m in total. The details are in the disciplinary section above, with links to the FCA's notices.

Sources and links

The full report on Charles Schwab, U.K., Limited

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