DAC Pensions Limited

Reference number: 774721

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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.

  • No website on the FCA register

  • No phone number on the FCA register

  • Address

    Quantuma Advisory Limited, 3rd Floor, 37 Frederick Place, Brighton, Sussex, BN1 4EA, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode BN1 4EA
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Other names (4)

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

  • DAC SIPP Trading name
  • Davies & Co Trading name
  • Davies & Co SSAS Solutions Limited Former name
  • DAC SSAS 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 (4 permissions)
  • Arranging (bringing about) deals in investments
  • Dealing in investments as principal
  • Establishing/operating/winding up a personal pension scheme
  • Making arrangements with a view to transactions in investments

Limits on the record

  • This firm may handle your money in passing but must not hold it, so payments should go to the product provider, never to a personal account.
  • The Firm must contact customers
    The Financial Conduct Authority (“the Authority”) has decided to impose the following requirements (the “Requirements”) on DAC Pensions Limited (“the Firm”): (1) The Firm must write to the customers of Introducer 1 and Introducer 2 in the terms of the letter included at Annex 1 of this FSN by 16 June 2021; (2) The Firm must confirm to the Authority by 16 June 2021 that it has written to customers of Introducer 1 and Introducer 2 as required by item (1) of the Requirements; (3) The Firm must provide a schedule to the Authority by 16 June 2021 containing the names, postal addresses, email addresses (if held) and telephone numbers of the customers of Introducer 1 and Introducer 2, together with a clear indication as to whether the individuals named are customers of Introducer 1 and Introducer 2.

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 liquidation, 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
09731104
Company status
Liquidation
Company type
Private limited company
Incorporated
13 August 2015 (11 years old)
Registered office
Office D, Beresford House, Town Quay, Southampton, SO14 2AQ
Nature of business
  • Other activities auxiliary to insurance and pension funding (SIC 66290)

Directors and company secretaries

Name Role Born Appointed Other companies
Amelia Jane Davies Director May 1984 13 Aug 2015 1 other company
Paul Michael Davies Director Nov 1980 13 Aug 2015 3 other companies
Amelia Jane Davies Secretary Not published 13 Aug 2015 –

Other companies run by these 2 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
3
closed down
2
run together
1

In the full report: all 3 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 1 company these 2 directors run together
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Filed accounts and finances

Year to 31 August 2020Small company accountsNot audited

Net assets

£169k

No earlier figure to compare

Cash at bank

£12.6k

No earlier figure to compare

Employees (average)

4

No earlier figure to compare

Owed within a year

£179k

No earlier figure to compare

Its next accounts are overdue at Companies House.

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.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 09731104. 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

DAC Pensions’s history from the FCA register and Companies House, newest first.

Key events (8) All events (16)

2021

28 April 2021

  • FCA imposed a requirement (The Firm must contact customers)

FCA register

2017

21 September 2017

  • Changed its registered name from "Davies & Co SSAS Solutions Limited"

FCA register

20 September 2017

  • Regulated by the FCA from this date
  • FCA imposed a requirement (May control but not hold client money)
  • Became authorised by the FCA

FCA register

2016

6 April 2016

  • Amelia Jane Davies became a part-owner (25–50% of shares)
  • Paul Michael Davies became a part-owner (25–50% of shares)

Companies House

2015

13 August 2015

  • Incorporated at Companies House

Companies House

In the full report: all 16 events

  • All 16 events in its history (8 shown here)
  • Every director appointment and resignation: 2
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Firms connected to DAC Pensions

Other FCA-listed firms that share a director, phone number or address with DAC Pensions. 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
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Get the full report on DAC Pensions

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

  • 3 other companies its directors have run, named
  • 1 background check on its contact details
  • All 16 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is DAC Pensions Limited FCA authorised?
Yes, DAC Pensions Limited (FRN 774721) 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 September 2017. The FCA has placed 2 limits on what it may do.
Is DAC Pensions a scam or clone?
DAC Pensions 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 DAC Pensions?
DAC Pensions 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 DAC Pensions?
Companies House lists 2 people with significant control of DAC Pensions: Amelia Jane Davies (25–50% of shares) and Paul Michael Davies (25–50% of shares).
Who runs DAC Pensions?
Companies House lists 2 directors of DAC Pensions: Amelia Jane Davies and Paul Michael Davies.
How long has DAC Pensions been in business?
The company was formed on 13 August 2015. Companies House now lists it as liquidation.
What do DAC Pensions’ latest accounts show?
Its latest accounts, to 31 August 2020, show net assets of £169k (no earlier figure to compare) and cash at bank of £12.6k (no earlier figure to compare). Its accounts are overdue at Companies House.
Does DAC Pensions use any other names?
It trades as DAC SIPP and Davies & Co. It has previously used 2 other names: Davies & Co SSAS Solutions Limited and DAC SSAS.

Sources and links

The full report on DAC Pensions Limited

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