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.
- 2 FCA actions
- Company: in liquidation
- Accounts are overdue at Companies House
- Confirmation statement is overdue at Companies House
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.
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No website on the FCA register
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Phone number
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Address
3rd Floor, 37-39 Lime Street, London, EC3M 7AY, United Kingdom
In the full report: 2 background checks
- What kind of line 0845 094 4314 is
- Who else gives the postcode EC3M 7AY
Other names (3)
If you were contacted under any of these names, it is this firm.
- Heydale Key Registration Company Limited Former name: A name it was registered under before.
- Millburn Insurance Company Limited (In Administration) Former name: A name it was registered under before.
- Heydale Key Registration Former trading name: A name it used to trade under.
Past FCA permissions and consumer protection
- In an insolvency processMoney 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 (6 permissions)
- Accepting Deposits
- Advising on investments (except on Pension Transfers and Pension Opt Outs)
- Advising on P2P agreements
- Arranging (bringing about) deals in investments
- Carrying out contracts of insurance
- Dealing in investments as principal
Limits on the record
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Asset restriction
Millburn, whether acting in its own capacity or through its directors, officers, employees, agents or any of them howsoever, 1. must not, without the prior written consent of the PRA: a) sell, transfer or dispose of and/or enter into any legally binding commitments to sell, transfer, charge or dispose of or otherwise relinquish control of the Firm's assets other than in the ordinary course of the Firm's regulated business (including but not limited to the sale, transfer or disposal to any firm or individual associated with the Global Ridgeway Holdings and/or Kinnell Holdings Limited groups and/or any other company which is under the direct or indirect control of Shay Reches; b) make changes to the Firm's current capital structure or remuneration; c) pay any dividends; d) allow any premiums payable to the Firm to be held on account by any other firm or individual. 2. must take all reasonable steps to: a) recover any monies owed to the Firm by any other firm or individual in respect of whom the Firm is a creditor and must not lend any money to any firm or individual save in the usual course of carrying out its regulated activities or insofar as is incidental or necessary thereto. b) recover any premiums held for or on behalf of the Firm. 3. must update the PRA, on at least a weekly basis, on the Firm's implementation of points 2(a) and 2(b).
FCA disciplinary action
FCA action
- fines
- 2
- in fines
- £3.97m
- most recent
- February 2016
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Fined £2.84m on 2 February 2016
On 1 February 2016, the PRA issued a Final Notice to Millburn Insurance Company Limited (in administration), which imposed on Millburn, pursuant to section 206 of the Financial Services and Markets Act 2000, a financial penalty of £2,836,066 for failing to conduct its business with due skill, care and diligence, and for failing to take reasonable care to organise and control its affairs, during the period from 26 December 2010 to18 September 2013, in breach of Principles 2 and 3 of the FSA’s (and after 1 April 2013, the PRA’s) Principles for Businesses. A copy of the Final Notice can be found on the Bank of England website.
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Fined £1.14m on 1 February 2016
On 1 February 2016, the FCA issued a Final Notice to Millburn Insurance Company Limited (in administration), which imposed on Millburn, a financial penalty of £1,137,500 for its failure to deal with the FCA in an open and cooperative way and to disclose to the FCA appropriately anything relating to Millburn of which the FCA would reasonably expect notice during the period from 3 January 2013 to 9 August 2013, in breach of Principle 11 of the FCA’s Principles for Businesses. A copy of the Final Notice can be found on the FCA website”
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
- 00416596 (opens Companies House in a new tab)
- Company status
- Liquidation
- Company type
- Private limited company
- Incorporated
- 6 August 1946 (80 years old)
- Registered office
- Level 33 One Canada Square, London, E14 5AB
- Nature of business
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- Non-life insurance (SIC 65120)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Peter Thomas Dawson | Director | Jan 1954 | 28 Jan 2005 | 26 other companies |
| Gary Dixon | Director | Sep 1964 | 15 Mar 2005 | 65 other companies |
| Colin J Mc Intosh | Director | Aug 1944 | 1 Apr 2005 | 1 other company |
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
- 88
- closed down
- 55
- went insolvent
- 3
In the full report: all 88 companies, named
- What each company does, and whether it is still trading
- Which of these 3 directors sit on each board, and since when
- The 3 that went into liquidation or administration
- The 11 on the FCA register
- The 4 companies these 3 directors run together
- All 8 people who have ever been directors, with their dates
Key dates in its history
Millburn Insurance Company’s history from the FCA register and Companies House, newest first.
2019
10 December 2019
- Changed its registered name from "Millburn Insurance Company Limited (In Administration)"
FCA register
2016
2 February 2016
- Fined £2.84m by the PRA
FCA register
1 February 2016
- Fined £1.14m by the FCA
FCA register
2013
19 September 2013
- FCA imposed a requirement (Asset restriction)
FCA register
1 April 2013
- Regulated by the FCA from this date
- Regulated by the Prudential Regulation Authority from this date
FCA register
2005
7 September 2005
- Changed its registered name from "Heydale Key Registration Company Limited"
FCA register
28 January 2005
- Board replaced: both directors left and 3 new directors took over
Companies House
2001
1 December 2001
- Regulated by the Financial Services Authority from this date
- Became authorised by the FCA
FCA register
1946
6 August 1946
- Incorporated at Companies House
Companies House
1901
1 January 1901
- Supervised by HM Treasury under the money laundering rules from this date
FCA register
In the full report: all 28 events
- All 28 events in its history (12 shown here)
- Every director appointment and resignation: 11
Firms connected to Millburn Insurance Company
Other FCA-listed firms that share a director, phone number or address with Millburn Insurance Company. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 6
- share a director
- 1
- share its postcode
- 5
In the full report: all 6 connected firms, named
- How each is linked: shared directors (1), the same postcode (5)
- Who links each one: the named directors, with dates
- 10 past links through former directors
Firms like Millburn Insurance Company
Other firms of the same type (insurer), nearest first.
In London
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 Millburn Insurance Company
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 88 other companies its directors have run, named
- 2 background checks on its contact details
- All 28 events in its history
- 6 connected firms, named, and who links them
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Frequently asked questions about this firm
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Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Report a scam to the FCA fca.org.uk