Main Set LLP

Reference number: 1019846

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Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

The Fund Incubator Limited Reference number: 208716 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Main Set LLP (FRN 1019846) is an AR of The Fund Incubator Limited (FRN 208716). When you use Main Set's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Main Set, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

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 mainset.co.uk first appeared online, and whether it can receive email
  • What kind of line 07495 705731 is
  • Who else gives the postcode W1J 0LE
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Other names (1)

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

  • Mainset UK LLP Former name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through The Fund Incubator Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

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
OC450304
Company status
Active
Company type
Limited liability partnership
Incorporated
14 December 2023 (2 years old)
Registered office
Second Floor, Malta House, 36-38 Piccadilly, London, W1J 0DP

Directors and company secretaries

Name Role Born Appointed Other companies
Ioto Iotov LLP designated member May 1984 14 Dec 2023 4 other companies
CAPRICORN CAPITAL PARTNERS UK LIMITED Corporate LLP designated member Not published 14 Dec 2023 3 other companies
CV5 INVESTMENT HOLDINGS LIMITED Corporate LLP member Not published 8 Aug 2025 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
6
closed down
3
run together
1

In the full report: all 6 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
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Key dates in its history

Main Set’s history from the FCA register and Companies House, newest first.

2024

3 December 2024

  • Changed its registered name from "Main Set UK LLP"
  • Changed its registered name from "Mainset UK LLP"

FCA register

31 October 2024

  • Became an appointed representative

FCA register

2023

14 December 2023

  • Incorporated at Companies House
  • Capricorn Capital Partners UK Limited became a part-owner (25–50% of shares)
  • Ioto Iotov became a part-owner (25–50% of shares)
  • Ioto Iotov appointed as a director

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms like Main Set

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

In London

Colliers International Property Advisers UK LLPLondonAppointed representativeChristian AidLondonAppointed representativeBain Capital (UK) LimitedLondonAppointed representativeJTC Employer Solutions (UK) LimitedLondonAppointed representativeHAN ETF LtdLondonAppointed representativeGQG Partners (UK) LtdLondonAppointed representative

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 Main Set

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

  • 6 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 7 events in its history

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Frequently asked questions about this firm

Is Main Set LLP FCA authorised?
Main Set LLP (FRN 1019846) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Main Set?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Main Set LLP (FRN 1019846) is an AR of The Fund Incubator Limited (FRN 208716). When you use Main Set's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Main Set, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Main Set’s phone number and website?
The FCA register lists the phone number 07495 705731 and the website mainset.co.uk for Main Set. If you were given different contact details, use these to check with the firm before going any further.
Is Main Set a scam or clone?
Main Set 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 Main Set?
Protection works through The Fund Incubator Limited, the principal firm responsible for Main Set's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Main Set?
Main Set is owned by Capricorn Capital Partners UK Limited, which holds 50–75% of votes and 25–50% of surplus assets, since 14 December 2023.
Who runs Main Set?
Companies House lists 3 directors of Main Set: Ioto Iotov, Capricorn Capital Partners UK Limited and Cv5 Investment Holdings Limited.
How long has Main Set been in business?
The company was formed on 14 December 2023.
Does Main Set use any other names?
It has previously used the name Mainset UK LLP.

Sources and links

The full report on Main Set LLP

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