Linear Investments Limited

Reference number: 537389

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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 linearinvestments.com first appeared online, and whether it can receive email
  • What kind of line 020 3974 1928 is
  • Who else gives the postcode SE1 9EA
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Other names (16)

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

  • Linear Trading name
  • Linear FX Trading name
  • Axen Management Former trading name
  • Linear Investments Associates Former trading name
  • Linear Investments UK Former trading name
  • Lumina Capital Former trading name
  • M C Peat & Co Former trading name
  • Nectar Capital Former trading name
  • Nordic Securities Former trading name
  • Nucopia Partners Former trading name
  • Peat & Co Former trading name
  • Quant EMS Former trading name
  • Quant Execution Management Services Former trading name
  • Starsupply Comodity Brokers Former trading name
  • Twenty20 Investments Former trading name
  • XHUB Former trading name

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 (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 an unauthorised AIF
  • Managing investments
  • Safeguarding and administration of assets (without arranging)
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.

  • Small Authorised UK AIFM (Sub-Threshold)
    The total value of assets under management by the firm must not exceed the relevant threshold as set out in Article 3(2) of AIFMD (as determined under Chapter II, section I of the AIFMD level 2 regulation). In the event that the relevant threshold is breached, the firm must submit an application for authorisation as a Full-scope UK AIFM to the FCA

FCA disciplinary action

FCA action

actions
2
most recent
April 2019
  • Fined on 29 April 2019
    On 29 April 2019 the Financial Conduct Authority (the ‘FCA’) issued to Linear Investments Limited (“Linear”) a Final Notice, which imposed a penalty: https://www.fca.org.uk/publication/final-notices/linear-investments-ltd-final-notice-2019.pdf   The FCA’s Final Notice was issued pursuant to the Upper Tribunal’s decision in relation to this matter released on 9 April 2019: Linear Investments Ltd v The Financial Conduct Authority: [2019] UKUT 0115 (TCC)
  • Decision notice issued on 27 September 2018, under appeal
    On 27 September 2018 the Financial Conduct Authority (FCA) published a Decision Notice in respect of Linear Investments Limited (Linear).  The Decision Notice was in respect of Principle 3 of the FCA’s Principles for Businesses, specifically that Linear failed to take reasonable care to organise and control its affairs responsibly and effectively to ensure potential instances of market abuse could be detected and reported. The failure occurred from 14 January 2013 to 9 August 2015.   Linear has agreed the facts set out in the Notice, as well as liability for the breaches identified.  LINEAR DISPUTES THE PENALTY IMPOSED AND HAS REFERRED THE ISSUE OF PENALTY TO THE UPPER TRIBUNAL.  THE UPPER TRIBUNAL WILL DETERMINE WHAT (IF ANY) THE APPROPRIATE ACTION IS FOR THE FCA TO TAKE, AND REMIT THE MATTER TO THE FCA WITH SUCH DIRECTIONS AS THE UPPER TRIBUNAL CONSIDERS APPROPRIATE.

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

  • Accounts are overdue at Companies House.
Company number
07330725
Company status
Active
Company type
Private limited company
Incorporated
29 July 2010 (16 years old)
Registered office
135 Park Street, London, SE1 9EA, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Paul Jason Kelly Director Jul 1962 14 Mar 2012 21 other companies
Kevin Galliers Director Mar 1962 3 Jan 2023 2 other companies
Nicholas George Stewart Director Dec 1963 6 Jun 2024 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
22
closed down
11
run together
1

In the full report: all 22 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
  • The 1 company these 3 directors run together
  • All 13 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2024Full accountsAudited

Profit before tax

£81.8k

−23% from £107k

Net assets

£7.44m

+1.8% from £7.31m

Cash at bank

£485k

−41% from £816k

Employees (average)

31

+15% from 27

Its next accounts are overdue at Companies House.

The accounts for the year to 31 March 2024 do not tag turnover in a form that can be read automatically, so it is not shown. The last tagged figure is £15.5m, for the year to 31 March 2022.

Profit before tax

In the full report: all 5 years of accounts

  • Every year from 2020 to 2024
  • Both charts, over every year
  • Every filed figure, year by year
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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 07330725. 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

Linear Investments’s history from the FCA register and Companies House, newest first.

Key events (8) All events (65)

2019

29 April 2019

  • Fined by the FCA

FCA register

2018

27 September 2018

  • FCA action: Decision notice, under appeal

FCA register

2016

6 April 2016

  • Linear Investment Partners Limited took control (75–100% of shares)

Companies House

2014

17 December 2014

  • FCA imposed a requirement (Small Authorised UK AIFM (Sub-Threshold))

FCA register

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2011

9 March 2011

  • Became authorised by the FCA

FCA register

24 January 2011

  • Regulated by the Financial Services Authority from this date

FCA register

2010

29 July 2010

  • Incorporated at Companies House

Companies House

In the full report: all 65 events

  • All 65 events in its history (8 shown here)
  • Every director appointment and resignation: 23
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Firms like Linear Investments

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

In London

UBS Asset Management (UK) LtdLondonAuthorisedUBS Asset Management Funds LtdLondonAuthorisedJ.P. Morgan Markets LimitedLondonAuthorisedRevolut Trading LtdLondonAuthorisedBlackRock Advisors (UK) LimitedLondonAuthorisedBlackRock 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 Linear Investments

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

  • 22 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 65 events in its history

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Frequently asked questions about this firm

Is Linear Investments Limited FCA authorised?
Yes, Linear Investments Limited (FRN 537389) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since March 2011 and works as an investment or fund manager. The FCA has placed no limits on its permissions.
What is Linear Investments’ phone number and website?
The FCA register lists the phone number 020 3974 1928 and the website linearinvestments.com for Linear Investments. If you were given different contact details, use these to check with the firm before going any further.
Is Linear Investments a scam or clone?
Linear Investments 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 Linear Investments?
It is permitted to hold and control client money, which it must keep separate from its own. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Linear Investments to the Financial Ombudsman Service, free of charge.
Who owns Linear Investments?
Linear Investments is owned by Linear Investment Partners Limited, which holds 75–100% of shares and 75–100% of votes, since 6 April 2016.
Who runs Linear Investments?
Companies House lists 3 directors of Linear Investments: Paul Jason Kelly, Kevin Galliers and Nicholas George Stewart.
How long has Linear Investments been in business?
The company was formed on 29 July 2010, and has held its current FCA authorisation since March 2011.
What do Linear Investments’ latest accounts show?
Its latest accounts, to 31 March 2024, show profit before tax of £81.8k (−23% from £107k) and net assets of £7.44m (+1.8% from £7.31m). Its accounts are overdue at Companies House.
Has the FCA taken action against Linear Investments?
Yes. The FCA register records 2 FCA actions between 2018 and 2019. The details are in the disciplinary section above, with links to the FCA's notices.
Does Linear Investments use any other names?
It trades as Linear and Linear FX. It has previously used 14 other names, including Axen Management, Linear Investments Associates and Linear Investments UK.

Sources and links

The full report on Linear Investments Limited

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