Financial Guaranty UK Limited

Reference number: 400238

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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 financialguarantyuk.com first appeared online, and whether it can receive email
  • What kind of line 020 7063 4000 is, and the 2 other firms that give it
  • Who else gives the postcode EC4M 7AU
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Other names (1)

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

  • FGIC UK Ltd Former name

FCA permissions and consumer protection

  • Hold or safeguard your money FSCS may apply
    Eligible deposits are typically protected by the FSCS up to £120,000 per person, per banking group.
  • 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.
  • 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.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • 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)
  • Accepting Deposits
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Carrying out contracts of insurance
  • Dealing in investments as principal
  • Making arrangements with a view to transactions in investments

Limits on what they may do

  • Firm must not transfer assets
    The firm must not commute, vary, terminate or reinstate the terms of any existing contract of insurance or reinsurance or enter into any new contract of reinsurance, in each case with Financial Guaranty Insurance Company (FGIC), any member of its group (the Group) or any successor or sub-division of FGIC or a Group member unless the firm has given the FSA at least five business days written notice of its proposed action and the FSA has confirmed, in writing, that it does not object to the proposal.
  • Firm must not vary any existing contract
    The firm must not take any action which has, or may have, the effect of: a) transferring any assets of FG UK, a member of its Group (as defined below) or any successor or subdivision of FG UK or a Group member, including, without limitation, by dividend, loan, transfer of collateral, assignment, novation, commutation, or payment of premium under any contract of insurance or reinsurance to; b) creating any security interest over any assets of FG UK in favour of; or c) incurring, or increasing, contractual or other liabilities (including, without limitation, any liability under a guarantee or indemnity) of FG UK, in favour of, or for the benefit of; in the case of each of a), b) and c) above, any of: (i) Chelsea Insurance Holdings LLC; (ii) Chelsea Holdings Midwest LLC; (iii) GTAM TS Investment LLC; (iv) GoldenTree Partners Loan Fund LLC; (v) GoldenTree Asset Management LP; (vi) Midwest Holding Inc.; (vii) American Life & Security Corp., (viii) any other member of FG UK’s group (the “Group”) or any successor or subdivision of FG UK or a Group member or (ix) any third party in connection with any obligation of any Group member and/or any successor or sub-division of a Group member, unless in any such case FG UK has given the PRA at least five business days’ written notice of its proposed action and the PRA has confirmed, in writing, that it does not object to the proposal (the Restriction). Without prejudice to FG UK’s regulatory obligations and prior approvals relating to material outsourcing arrangements, which shall remain unaffected, the Restriction shall not apply in respect of any assets, security interests, contractual or other liabilities of FG UK that are transferred, created, incurred or increased (as the case may be) in accordance with the terms of any of the relevant agreements specified below (which, for the purposes of the Restriction, may include any amendments, variations or replacements thereof). The relevant agreements are as follows: 1. Investment Management Agreement between (i) GoldenTree Asset Management LP; and (ii) Financial Guaranty UK Limited dated 5 October 2020. 2. Liability Management Agreement between (i) GoldenTree Asset Management LP; and (ii) Financial Guaranty UK Limited dated 5 October 2020. 3. Operational Services Agreement between (i) GoldenTree Asset Management LP; and (ii) Financial Guaranty UK Limited dated 5 October 2020 (as novated on April 19, 2022).

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
05030956
Company status
Active
Company type
Private limited company
Incorporated
30 January 2004 (22 years old)
Registered office
30 Old Bailey, London, EC4M 7AU, United Kingdom
Nature of business
  • Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors (SIC 64921)
  • Financial intermediation not elsewhere classified (SIC 64999)
  • Non-life insurance (SIC 65120)

Directors and company secretaries

Name Role Born Appointed Other companies
Stefano Loreti Director Mar 1971 17 Jun 2020 3 other companies
Kenneth Edward Randall Director May 1948 9 Sep 2020 58 other companies
Simon John Granger Director Jun 1975 23 Nov 2021 3 other companies
Iain Rawdon Barbour Director Jun 1961 22 Jul 2022 16 other companies
David Douglas Stortz Director Jun 1963 31 Jan 2025 None

Other companies run by these 5 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
79
closed down
37
went insolvent
4

In the full report: all 79 companies, named

  • What each company does, and whether it is still trading
  • Which of these 5 directors sit on each board, and since when
  • The 4 that went into liquidation or administration
  • The 6 on the FCA register
  • The 1 company these 5 directors run together
  • All 19 people who have ever been directors, with their dates
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Key dates in its history

Financial Guaranty UK’s history from the FCA register and Companies House, newest first.

Key events (10) All events (43)

2023

12 April 2023

  • FCA imposed a requirement (Firm must not vary any existing contract)

FCA register

2020

2 July 2020

  • Changed its registered name from "FGIC UK Ltd"

FCA register

19 June 2020

  • Steve Andrew Tananbaum took control (75–100% of votes)

Companies House

17 June 2020

  • Board replaced: all 5 directors left and 4 new directors took over

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date
  • Regulated by the Prudential Regulation Authority from this date

FCA register

2011

2 September 2011

  • FCA imposed a requirement (Firm must not transfer assets)

FCA register

2004

26 November 2004

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

FCA register

30 January 2004

  • Incorporated at Companies House

Companies House

In the full report: all 43 events

  • All 43 events in its history (10 shown here)
  • Every director appointment and resignation: 31
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Firms connected to Financial Guaranty UK

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

connected firms
3
share a director
1
share its phone number
2

In the full report: all 3 connected firms, named

  • How each is linked: shared directors (1), the same phone number (2), the same postcode (2)
  • Who links each one: the named directors, with dates
  • 5 past links through former directors
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Firms like Financial Guaranty UK

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

In London

Cx Reinsurance Company Limited.LondonAuthorisedUBS Asset Management Life LtdLondonAuthorisedNavigators Insurance CompanyLondonAuthorisedChubb European Group SELondonAuthorisedChubb Life Europe SELondonAuthorisedFederal Insurance CompanyLondonAuthorised

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 Financial Guaranty UK

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

  • 79 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 43 events in its history
  • 3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Financial Guaranty UK Limited FCA authorised?
Yes, Financial Guaranty UK Limited (FRN 400238) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since November 2004 and works as an insurer. The FCA has placed 2 limits on what it may do.
What is Financial Guaranty UK’s phone number and website?
The FCA register lists the phone number 020 7063 4000 and the website financialguarantyuk.com for Financial Guaranty UK. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 2 other FCA firms.
Is Financial Guaranty UK a scam or clone?
Financial Guaranty 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 Financial Guaranty 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 Financial Guaranty UK to the Financial Ombudsman Service, free of charge.
Who owns Financial Guaranty UK?
Companies House lists one person with significant control of Financial Guaranty UK: Mr Steve Andrew Tananbaum (75–100% of votes).
Who runs Financial Guaranty UK?
Companies House lists 5 directors of Financial Guaranty UK: Stefano Loreti, Kenneth Edward Randall, Simon John Granger, Iain Rawdon Barbour and David Douglas Stortz.
How long has Financial Guaranty UK been in business?
The company was formed on 30 January 2004, and has held its current FCA authorisation since November 2004.
Does Financial Guaranty UK use any other names?
It has previously used the name FGIC UK Ltd.

Sources and links

The full report on Financial Guaranty UK Limited

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