London & Eastern LLP

Reference number: 534484

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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, 1 thing worth a closer look

  • When pelicantrading.io first appeared online, and whether it can receive email
  • What kind of line 020 3475 4516 is, and the other firm that gives it
  • Who else gives the postcode W2 1BE
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Other names (7)

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

  • Pelican Trading name
  • Pelican AM Trading name
  • Pelican Asset Management Trading name
  • Pelican Exchange Trading name
  • Pelican Spreads Trading name
  • Pelican Trading Trading name
  • Capital Spreads Exchange Former trading name

FCA permissions and consumer protection

  • 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 (5 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Making arrangements with a view to transactions in investments
  • Managing investments

Limits on what they may do

  • 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.

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
OC345870
Company status
Active
Company type
Limited liability partnership
Incorporated
22 May 2009 (17 years old)
Registered office
78 York Street, London, W1H 1DP, England

Directors and company secretaries

Name Role Born Appointed Other companies
Michael Alexander Leonard Read LLP designated member May 1979 22 May 2009 2 other companies
Peter Ellery Bruce Read LLP designated member Jul 1976 22 May 2009 3 other companies

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
4
still active
4
is FCA-registered
1

In the full report: all 4 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 one on the FCA register, including one no longer authorised
  • The 1 company these 2 directors run together
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Key dates in its history

London & Eastern’s history from the FCA register and Companies House, newest first.

Key events (7) All events (21)

2016

6 April 2016

  • Michael Alexander Leonard Read became a part-owner (25–50% of shares)
  • Peter Ellery Bruce Read became a part-owner (25–50% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2012

31 May 2012

  • FCA imposed a requirement (May control but not hold client money)

FCA register

2011

23 February 2011

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

FCA register

2009

22 May 2009

  • Incorporated at Companies House

Companies House

In the full report: all 21 events

  • All 21 events in its history (7 shown here)
  • Every director appointment and resignation: 2
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Firms connected to London & Eastern

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

connected firms
2
no longer authorised
1
share a director
1

In the full report: all 2 connected firms, named

  • How each is linked: shared directors (1), the same phone number (1), the same postcode (2)
  • Who links each one: the named directors, with dates
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Firms like London & Eastern

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 London & Eastern

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

  • 4 other companies its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • All 21 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is London & Eastern LLP FCA authorised?
Yes, London & Eastern LLP (FRN 534484) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since February 2011 and works as an investment or fund manager. The FCA has placed a limit on what it may do.
What is London & Eastern’s phone number and website?
The FCA register lists the phone number 020 3475 4516 and the website pelicantrading.io for London & Eastern. 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 one other FCA firm, one of which is no longer authorised.
Is London & Eastern a scam or clone?
London & Eastern 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 London & Eastern?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about London & Eastern to the Financial Ombudsman Service, free of charge.
Who owns London & Eastern?
Companies House lists 2 people with significant control of London & Eastern: Mr Peter Ellery Bruce Read (25–50% of votes) and Mr Michael Alexander Leonard Read (25–50% of votes).
Who runs London & Eastern?
Companies House lists 2 directors of London & Eastern: Michael Alexander Leonard Read and Peter Ellery Bruce Read.
How long has London & Eastern been in business?
The company was formed on 22 May 2009, and has held its current FCA authorisation since February 2011.
Does London & Eastern use any other names?
It trades as Pelican, Pelican AM, Pelican Asset Management, Pelican Exchange and Pelican Spreads, and 1 more names. It has previously used the name Capital Spreads Exchange.

Sources and links

The full report on London & Eastern LLP

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