Marvell Enterprises Ltd

Reference number: 942172

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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.

In the full report: 3 background checks

  • When marvell-enterprises.com first appeared online, and whether it can receive email
  • What kind of line 020 8798 3511 is
  • Who else gives the postcode EC1M 3HA
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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.

FCA disciplinary action

FCA action

action
1
most recent
November 2021
  • Permission varied or cancelled on 11 November 2021
    Pursuant to sections 55J(1)(a) and (c) of the Act, the Authority has decided to vary with immediate effect the Part 4A permission granted to Marvell by removing the following regulated activities: a) Secondary credit broking; and b) Agreeing to carry on a regulated activity. The effect of the Variation is that Marvell no longer has permission to conduct any regulated activities.

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 liquidation, 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
12080074
Company status
Liquidation
Company type
Private limited company
Incorporated
2 July 2019 (7 years old)
Registered office
21 Farringdon Road, London, EC1M 3HA, England
Nature of business
  • Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors (SIC 64921)
  • Financial intermediation not elsewhere classified (SIC 64999)
  • Buying and selling of own real estate (SIC 68100)

Directors and company secretaries

Name Role Born Appointed Other companies
Ian Glasscock Director May 1969 7 Jan 2021 None
Edward Drake Director May 1957 28 Jan 2021 None
Richard Sargeant Director Jul 1970 16 Feb 2021 None
Rachel Wood Secretary Not published 4 Jan 2020 –

In the full report: every company its directors have run

  • Confirmation that these 3 directors run no other company
  • All 4 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 July 2021Micro-entity accountsNot audited

Net assets

£22.6m

+9.5% from £20.6m

Employees (average)

10

−38% from 16

Owed within a year

£12.5m

Up £11.6m from £835k

Its next accounts are overdue at Companies House.

Assets and liabilities

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.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 12080074. 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

Marvell Enterprises’s history from the FCA register and Companies House, newest first.

Key events (8) All events (14)

2021

11 November 2021

  • FCA action: Permission varied or cancelled

FCA register

26 February 2021

  • Richard Sergeant gained significant control

Companies House

26 January 2021

  • Martin Drake gained 25–50% of the votes

Companies House

16 January 2021

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2020

8 December 2020

  • Graeme Haskett gained 25–50% of the votes

Companies House

4 January 2020

  • Rachel Wood gained significant control

Companies House

2019

2 July 2019

  • Incorporated at Companies House

Companies House

In the full report: all 14 events

  • All 14 events in its history (8 shown here)
  • Every director appointment and resignation: 5
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Get the full report on Marvell Enterprises

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

  • Every company its directors have run, named
  • 3 background checks on its contact details
  • All 14 events in its history

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Frequently asked questions about this firm

Is Marvell Enterprises Ltd FCA authorised?
Yes, Marvell Enterprises Ltd (FRN 942172) 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 January 2021. The FCA has placed no limits on its permissions.
What is Marvell Enterprises’ phone number and website?
The FCA register lists the phone number 020 8798 3511 and the website marvell-enterprises.com for Marvell Enterprises. If you were given different contact details, use these to check with the firm before going any further.
Is Marvell Enterprises a scam or clone?
Marvell Enterprises 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 Marvell Enterprises?
Marvell Enterprises 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 owns Marvell Enterprises?
Companies House lists 4 people with significant control of Marvell Enterprises: Mr Martin Drake (25–50% of votes), Mr Graeme Haskett (25–50% of votes), Mr Richard Sergeant (significant influence or control) and Ms Rachel Wood (significant influence or control).
Who runs Marvell Enterprises?
Companies House lists 3 directors of Marvell Enterprises: Ian Glasscock, Edward Drake and Richard Sargeant.
How long has Marvell Enterprises been in business?
The company was formed on 2 July 2019. Companies House now lists it as liquidation.
What do Marvell Enterprises’ latest accounts show?
Its latest accounts, to 31 July 2021, show net assets of £22.6m (+9.5% from £20.6m). Its accounts are overdue at Companies House.
Has the FCA taken action against Marvell Enterprises?
Yes. The FCA register records 1 change to its permissions in 2021. The details are in the disciplinary section above, with links to the FCA's notices.

Sources and links

The full report on Marvell Enterprises Ltd

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