Hume Capital Securities PLC

Reference number: 504211

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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

  • Phone number

    020 3693 1470

  • Address

    3rd Floor, 1 Carey Lane, London, EC2V 8AE, United Kingdom

In the full report: 2 background checks

  • What kind of line 020 3693 1470 is
  • Who else gives the postcode EC2V 8AE
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Other names (9)

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

  • CFD Trade Trading name
  • HC Markets Trading name
  • Hume Capital Trading name
  • Hume Capital Investment Research Trading name
  • Hume Capital Markets Trading name
  • XCAP Asset Management Trading name
  • Capco Capital Limited Former name
  • Xcap Securities Limited Former name
  • XCAP Securities plc Former 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 (10 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Arranging safeguarding and administration of assets
  • Dealing in investments as agent
  • Dealing in investments as principal
  • Making arrangements with a view to transactions in investments
  • Managing investments
  • Safeguarding and administration of assets (without arranging)
  • Sending dematerialised instructions

FCA disciplinary action

FCA action

fine
1
in fines
£121k
most recent
June 2013
  • Fined £120,900 on 18 June 2013
    On 31 May 2013, the FCA imposed a financial penalty of £120,900 on Xcap Securities Plc for breach of Principle 3 (management and control) and Principle 10 (client assets) and breach of certain rules within the Client Assets Sourcebook. The breaches occurred between 29 June 2010 and 31 August 2011 (the Relevant Period). Xcap agreed to settle under the FCA's executive settlement procedures at an early stage of the FCA's investigation and therefore qualified for a Stage 2 discount (20%). Were it not for this discount, the FCA would have imposed a financial penalty of £151,136. In the Relevant Period, there were serious failings by Xcap to adequately protect client money and client assets. Xcap's breaches included failure to properly segregate client money from its own, failure to maintain accurate records and accounts of client money and safe custody assets and failure to carry out accurate client money reconciliations. This resulted in the risk that, had Xcap become insolvent, its clients could have faced difficulties and delay in recovering their money and assets

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 administration, 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
06920660
Company status
Administration
Company type
Public limited company
Incorporated
1 June 2009 (17 years old)
Registered office
Riverside House, Irwell Street, Manchester, M3 5EN
Nature of business
  • Activities of financial services holding companies (SIC 64205)

Directors and company secretaries

Name Role Born Appointed Other companies
Kenneth Reginald Dawson West Director May 1954 13 Sep 2010 None
Jonathan David Freeman Director Apr 1965 3 Aug 2012 29 other companies
Peter Edward Middleton (Sir) Director Apr 1934 16 Aug 2012 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
29
closed down
16
went insolvent
1

In the full report: all 29 companies, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • The one that went into liquidation or administration
  • The one on the FCA register
  • All 11 people who have ever been directors, with their dates
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Key dates in its history

Hume Capital Securities’s history from the FCA register and Companies House, newest first.

Key events (8) All events (35)

2014

21 February 2014

  • Changed its registered name from "XCAP Securities plc"

FCA register

2013

18 June 2013

  • Fined £120,900 by the FCA

FCA register

1 April 2013

  • Regulated by the FCA from this date

FCA register

2010

12 August 2010

  • Changed its registered name from "Xcap Securities Limited"

FCA register

17 May 2010

  • Became authorised by the FCA

FCA register

2009

17 December 2009

  • Regulated by the Financial Services Authority from this date

FCA register · Companies House

4 September 2009

  • Changed its registered name from "Capco Capital Limited"

FCA register

1 June 2009

  • Incorporated at Companies House

Companies House

In the full report: all 35 events

  • All 35 events in its history (8 shown here)
  • Every director appointment and resignation: 19
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Firms connected to Hume Capital Securities

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

connected firms
2
share its postcode
2
past link
1

In the full report: all 2 connected firms, named

  • How each is linked: the same postcode (2)
  • Who links each one: the named directors, with dates
  • 1 past link through former directors
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Firms like Hume Capital Securities

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

In London

UBS Asset Management (UK) LtdLondonAuthorisedUBS Asset Management Funds LtdLondonAuthorisedRevolut Trading LtdLondonAuthorisedBlackRock Advisors (UK) LimitedLondonAuthorisedBlackRock Fund Managers LimitedLondonAuthorisedBlackRock Investment Management (UK) 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 Hume Capital Securities

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

  • 29 other companies its directors have run, named
  • 2 background checks on its contact details
  • All 35 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Hume Capital Securities PLC FCA authorised?
Yes, Hume Capital Securities PLC (FRN 504211) 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 May 2010 and works as an investment or fund manager. The FCA has placed no limits on its permissions.
What is Hume Capital Securities’ phone number?
The FCA register lists the phone number 020 3693 1470 for Hume Capital Securities. If you were given different contact details, use these to check with the firm before going any further.
Is Hume Capital Securities a scam or clone?
Hume Capital Securities 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 Hume Capital Securities?
Hume Capital Securities 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 runs Hume Capital Securities?
Companies House lists 3 directors of Hume Capital Securities: Kenneth Reginald Dawson West, Jonathan David Freeman and Peter Edward Middleton (Sir).
How long has Hume Capital Securities been in business?
The company was formed on 1 June 2009. Companies House now lists it as administration.
Has the FCA taken action against Hume Capital Securities?
Yes. The FCA register records 1 fine in 2013, £120,900 in total. The details are in the disciplinary section above, with links to the FCA's notices.
Does Hume Capital Securities use any other names?
It trades as CFD Trade, HC Markets, Hume Capital, Hume Capital Investment Research and Hume Capital Markets, and 1 more names. It has previously used 3 other names: Capco Capital Limited, Xcap Securities Limited and XCAP Securities plc.

Sources and links

The full report on Hume Capital Securities PLC

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