HSBC Innovation Bank Limited: FCA regulated?

Authorised by the FCA

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

Authorised for 4 years
Your funds are protected by FSCS
No FCA actions
Active company since 2020
Accounts filed up to 31 December 2020

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

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

020 7367 7800
Address

HSBC INNOVATION BANK LIMITED, Alphabeta, 14-18 Finsbury Square, London, Islington, EC2A 1BR, United Kingdom

In the full report: 3 background checks

When hsbcinnovationbanking.com first appeared online, and whether it can receive email
What kind of line 020 7367 7800 is
Who else gives the postcode EC2A 1BR

Other names (5)

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

HSBC Innovation Banking Trading name: A name it trades under now.
Silicon Valley Bank Former name: A name it was registered under before.
Silicon Valley Bank UK Limited Former name: A name it was registered under before.
Silicon Valley Bank UK Former trading name: A name it used to trade under.
SVB UK Former trading name: A name it used to trade under.

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.
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 (6 permissions)

Accepting Deposits
Advising on investments (except on Pension Transfers and Pension Opt Outs)
Arranging (bringing about) deals in investments
Dealing in investments as agent
Dealing in investments as principal
Making arrangements with a view to transactions in investments

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: 12546585 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 3 April 2020 (6 years old)
Registered office: Alphabeta, 14-18 Finsbury Square, London, EC2A 1BR, United Kingdom
Nature of business: Banks (SIC 64191)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Helen Louise Heslop	Director	Dec 1969	1 Feb 2021	8 other companies
Stuart George Tait	Director	Dec 1962	6 Jun 2023	None
Mridul Hegde	Director	Mar 1967	22 Jun 2023	None
Catherine Elizabeth Lewis La Torre	Director	Sep 1965	19 Feb 2025	18 other companies
Emily Elsas Turner	Director	Jul 1981	1 Jun 2025	None
James Charles Cowles	Director	May 1955	25 Jul 2025	None
Anushka Eroshini Herath Osborne	Secretary	Not published	1 Jan 2026	–

Other companies run by these 6 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: 26
closed down: 3
are FCA-registered: 7

In the full report: all 26 companies, named

What each company does, and whether it is still trading
Which of these 6 directors sit on each board, and since when
Any that went into liquidation or administration
The 7 on the FCA register
All 14 people who have ever been directors, with their dates

Filed accounts and finances

9 months to 31 December 2020Dormant company accountsNot audited

Net assets

£1

No earlier figure to compare

Cash at bank

£1

No earlier figure to compare

These accounts were filed as dormant: the company reported no significant trading in the period.

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 12546585. Figures are exactly as filed; nothing is estimated.

Key dates in its history

HSBC Innovation Bank’s history from the FCA register and Companies House, newest first.

Key events (9) All events (39)

2023

15 June 2023

Changed its registered name from "Silicon Valley Bank UK Limited"

FCA register

13 March 2023

HSBC UK Bank PLC took control (75–100% of shares)
Svb Financial Group no longer has significant control

Companies House

2022

20 June 2022

Regulated by the FCA from this date
Regulated by the Prudential Regulation Authority from this date
Changed its registered name from "Silicon Valley Bank"
Became authorised by the FCA

FCA register

2020

3 April 2020

Incorporated at Companies House
Svb Financial Group gained significant control

Companies House

In the full report: all 39 events

All 39 events in its history (9 shown here)
Every director appointment and resignation: 22

Firms connected to HSBC Innovation Bank

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

connected firms: 4
share a director: 4
past links: 3

In the full report: all 4 connected firms, named

How each is linked: shared directors (4)
Who links each one: the named directors, with dates
3 past links through former directors

Firms like HSBC Innovation Bank

Other firms of the same type (bank or building society), nearest first.

In London

Wells Fargo Bank, National AssociationLondonAuthorised Credit Suisse (UK) LimitedLondonAuthorised UBS AGLondonAuthorised DB UK Bank LimitedLondonAuthorised Deutsche Bank AGLondonAuthorised J.P. Morgan Securities PLCLondonAuthorised

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 HSBC Innovation Bank

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

26 other companies its directors have run, named
3 background checks on its contact details
All 39 events in its history
4 connected firms, named, and who links them

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Frequently asked questions about this firm

Is HSBC Innovation Bank Limited FCA authorised?

Yes, HSBC Innovation Bank Limited (FRN 543146) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since June 2022 and works as a bank or building society. The FCA has placed no limits on its permissions.

What is HSBC Innovation Bank’s phone number and website?

The FCA register lists the phone number 020 7367 7800 and the website hsbcinnovationbanking.com for HSBC Innovation Bank. If you were given different contact details, use these to check with the firm before going any further.

Is HSBC Innovation Bank a scam or clone?

HSBC Innovation Bank 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 HSBC Innovation Bank?

It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about HSBC Innovation Bank to the Financial Ombudsman Service, free of charge.

Who owns HSBC Innovation Bank?

HSBC Innovation Bank is owned by HSBC UK Bank PLC, which holds 75–100% of shares and 75–100% of votes, since 13 March 2023. Before that, it was controlled by Svb Financial Group.

Who runs HSBC Innovation Bank?

Companies House lists 6 directors of HSBC Innovation Bank: Helen Louise Heslop, Stuart George Tait, Mridul Hegde, Catherine Elizabeth Lewis La Torre, Emily Elsas Turner and James Charles Cowles.

How long has HSBC Innovation Bank been in business?

The company was formed on 3 April 2020, and has held its current FCA authorisation since June 2022.

What do HSBC Innovation Bank’s latest accounts show?

Its latest accounts, to 31 December 2020, show net assets of £1 (no earlier figure to compare) and cash at bank of £1 (no earlier figure to compare).

Does HSBC Innovation Bank use any other names?

It trades as HSBC Innovation Banking. It has previously used 4 other names, including Silicon Valley Bank, Silicon Valley Bank UK Limited and Silicon Valley Bank UK.