Covale Capital (UK) LLP: FCA regulated?

Authorised by the FCA

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

Authorised for 2 years
Your funds are protected by FSCS
No FCA actions
Active company since 2023

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.

Website

covale.com (opens in a new tab)
Phone number

020 3839 6880
Address

Covale Capital (UK) LLP, 22 Cousin Lane, London, EC4R 3TE, United Kingdom

In the full report: 3 background checks

When covale.com first appeared online, and whether it can receive email
What kind of line 020 3839 6880 is
Who else gives the postcode EC4R 3TE

FCA permissions and consumer protection

Hold or safeguard your money · Manage or trade investments · Run or oversee funds 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.
Give regulated advice FSCS may apply
A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
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 (7 permissions)

Advising on investments (except on Pension Transfers and Pension Opt Outs)
Arranging (bringing about) deals in investments
Arranging safeguarding and administration of assets
Dealing in investments as agent
Making arrangements with a view to transactions in investments
Managing an unauthorised AIF
Managing investments

One supervisory condition set by the FCA

These are conditions the FCA places on the firm itself, covering things like capital it must hold and what it must report. They do not change what the firm may do for you.

CPMI Requirement
The firm is only permitted to carry on the activities specified in FUND 1.4.3R (1) to (6) or any successor provision

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: OC445334 (opens Companies House in a new tab)
Company status: Active
Company type: Limited liability partnership
Incorporated: 11 January 2023 (3 years old)
Registered office: 27 Old Gloucester Street, London, WC1N 3AX, England

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
David Hugh Tovey	LLP designated member	Jan 1976	11 Jan 2023	1 other company
Shane Anthony Jackson	LLP designated member	Jun 1979	1 Nov 2023	1 other company
COVALE CAPITAL LTD	Corporate LLP designated member	Not published	11 Jan 2023	None

Other companies run by these 3 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: 2
still active: 2

In the full report: all 2 companies, named

What each company does, and whether it is still trading
Which of these 3 directors sit on each board, and since when
Any that went into liquidation or administration

Key dates in its history

Covale Capital (UK)’s history from the FCA register and Companies House, newest first.

Key events (7) All events (10)

2023

4 December 2023

Regulated by the FCA from this date
FCA imposed a requirement (CPMI Requirement)
Became authorised by the FCA

FCA register

24 November 2023

Covale Capital Ltd took control (75–100% of shares)
David Hugh Tovey gave up control

Companies House

11 January 2023

Incorporated at Companies House
David Hugh Tovey took control (75–100% of shares)

Companies House

In the full report: all 10 events

All 10 events in its history (7 shown here)
Every director appointment and resignation: 2

Firms connected to Covale Capital (UK)

Other FCA-listed firms that share a director, phone number or address with Covale Capital (UK). A link shows who the firm is tied to, not whether either can be trusted.

connected firm: 1
share its postcode: 1

In the full report: the connected firm, named

How it is linked: the same postcode (1)
Who links it to this firm: the named directors, with dates

Firms like Covale Capital (UK)

Other firms of the same type (investment or fund manager), nearest first.

In London

UBS Asset Management (UK) LtdLondonAuthorised UBS Asset Management Funds LtdLondonAuthorised J.P. Morgan Markets LimitedLondonAuthorised Revolut Trading LtdLondonAuthorised BlackRock Advisors (UK) LimitedLondonAuthorised BlackRock Fund Managers 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 Covale Capital (UK)

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

2 other companies its directors have run, named
3 background checks on its contact details
All 10 events in its history
1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Covale Capital (UK) LLP FCA authorised?

Yes, Covale Capital (UK) LLP (FRN 996984) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since December 2023 and works as an investment or fund manager. The FCA has placed no limits on its permissions.

What is Covale Capital (UK)’s phone number and website?

The FCA register lists the phone number 020 3839 6880 and the website covale.com for Covale Capital (UK). If you were given different contact details, use these to check with the firm before going any further.

Is Covale Capital (UK) a scam or clone?

Covale Capital (UK) 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 Covale Capital (UK)?

It may control client money but not hold it. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Covale Capital (UK) to the Financial Ombudsman Service, free of charge.

Who owns Covale Capital (UK)?

Covale Capital (UK) is owned by Covale Capital Ltd, which holds 75–100% of votes, 75–100% of surplus assets and can appoint and remove the board, since 24 November 2023. Before that, it was controlled by Mr David Hugh Tovey.

Who runs Covale Capital (UK)?

Companies House lists 3 directors of Covale Capital (UK): David Hugh Tovey, Shane Anthony Jackson and Covale Capital Ltd.

How long has Covale Capital (UK) been in business?

The company was formed on 11 January 2023, and has held its current FCA authorisation since December 2023.