MET Facilities LLP

Reference number: 587084

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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 metfacilities.com first appeared online, and whether it can receive email
  • What kind of line 020 7280 8873 is
  • Who else gives the postcode NW11 8RQ
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Other names (2)

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

  • Frognal Asset Management LLP Former name
  • Raynar Portfolio Management Former trading 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 (8 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
  • Making arrangements with a view to transactions in investments
  • Managing an unauthorised AIF
  • Managing investments

Limits on the record

  • 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.
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 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.

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
OC373244
Company status
Liquidation
Company type
Limited liability partnership
Incorporated
12 March 2012 (14 years old)
Registered office
Olympia House, Armitage Road, London, NW11 8RQ

Directors and company secretaries

Name Role Born Appointed Other companies
Steven Daniel Gordon LLP designated member Apr 1971 12 Mar 2012 34 other companies
Michael Paul Jacobs LLP designated member Jul 1968 12 Mar 2012 32 other companies
Daniel Benjamin Kessler LLP designated member Jul 1971 12 Mar 2012 43 other companies
Bhavesh Kotecha LLP designated member Feb 1972 5 Aug 2013 1 other company

Other companies run by these 4 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
62
closed down
30
went insolvent
5

In the full report: all 62 companies, named

  • What each company does, and whether it is still trading
  • Which of these 4 directors sit on each board, and since when
  • The 5 that went into liquidation or administration
  • The 2 on the FCA register
  • The 27 companies these 4 directors run together
  • All 8 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2023Full accountsAudited

Turnover

£665k

−23% from £866k

Cash at bank

£403k

−20% from £504k

Employees (average)

6

−40% from 10

Owed within a year

£989k

+246% from £286k

Its next accounts are overdue at Companies House.

Turnover

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 OC373244. Figures are exactly as filed; nothing is estimated.

Key dates in its history

MET Facilities’s history from the FCA register and Companies House, newest first.

Key events (11) All events (22)

2016

6 April 2016

  • Bhavesh Kotecha gained significant control
  • Daniel Benjamin Kessler gained significant control
  • Michael Paul Jacobs gained significant control
  • Steven Daniel Gordon gained significant control

Companies House

2014

8 July 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

18 March 2013

  • Changed its registered name from "Frognal Asset Management LLP"

FCA register

14 January 2013

  • FCA imposed a requirement (Control but not hold client money)
  • Became authorised by the FCA

FCA register

2012

12 March 2012

  • Incorporated at Companies House

Companies House

14 January 2012

  • Regulated by the Financial Services Authority from this date

FCA register

In the full report: all 22 events

  • All 22 events in its history (11 shown here)
  • Every director appointment and resignation: 6
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Firms connected to MET Facilities

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

connected firms
4
share a director
2
share its postcode
2

In the full report: all 4 connected firms, named

  • How each is linked: shared directors (2), the same postcode (2)
  • Who links each one: the named directors, with dates
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Firms like MET Facilities

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 MET Facilities

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

  • 62 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 22 events in its history
  • 4 connected firms, named, and who links them

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Frequently asked questions about this firm

Is MET Facilities LLP FCA authorised?
Yes, MET Facilities LLP (FRN 587084) 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 2013 and works as an investment or fund manager. The FCA has placed a limit on what it may do.
What is MET Facilities’ phone number and website?
The FCA register lists the phone number 020 7280 8873 and the website metfacilities.com for MET Facilities. If you were given different contact details, use these to check with the firm before going any further.
Is MET Facilities a scam or clone?
MET Facilities 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 MET Facilities?
MET Facilities 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 MET Facilities?
Companies House lists 4 people with significant control of MET Facilities: Mr Bhavesh Kotecha (significant influence or control), Mr Daniel Benjamin Kessler (significant influence or control), Mr Steven Daniel Gordon (significant influence or control) and Mr Michael Paul Jacobs (significant influence or control).
Who runs MET Facilities?
Companies House lists 4 directors of MET Facilities: Steven Daniel Gordon, Michael Paul Jacobs, Daniel Benjamin Kessler and Bhavesh Kotecha.
How long has MET Facilities been in business?
The company was formed on 12 March 2012. Companies House now lists it as liquidation.
What do MET Facilities’ latest accounts show?
Its latest accounts, to 31 March 2023, show turnover of £665k (−23% from £866k) and cash at bank of £403k (−20% from £504k). Its accounts are overdue at Companies House.
Does MET Facilities use any other names?
It has previously used 2 other names: Frognal Asset Management LLP and Raynar Portfolio Management.

Sources and links

The full report on MET Facilities LLP

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