NEL Fund Managers Limited

Reference number: 148550

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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

  • When nel.co.uk first appeared online, and whether it can receive email
  • What kind of line 0345 369 7007 is
  • Who else gives the postcode NE11 0SR
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Other names (5)

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

  • NEL Fund Management Group Limited Former name
  • Northern Enterprise Limited Former name
  • Evolve Finance Former trading name
  • Insight Capital Former trading name
  • NEL Capital 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 · Run or oversee funds 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.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • 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 (10 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Dealing in investments as agent
  • Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Establishing, operating or winding up a collective investment scheme
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Making arrangements with a view to transactions in investments
  • Managing an unauthorised AIF
  • Managing investments

Limits on what they may do

  • Venture Capital & Corporate Finance Business Only
    The firm must not conduct designated investment business other than Venture Capital and Corporate Finance business.
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.

Company number
02564907
Company status
Active
Company type
Private limited company
Incorporated
3 December 1990 (35 years old)
Registered office
4 Enterprise House, Kingsway, Team Valley Trading Estate, Gateshead, NE11 0SR, England
Nature of business
  • Fund management activities (SIC 66300)

Directors and company secretaries

Name Role Born Appointed Other companies
Graham Simon Thrower Director Dec 1966 3 May 2018 22 other companies
Jonathan Swinhoe Luke Director Oct 1968 1 Apr 2022 1 other company
Trevor Vaughan Castledine Director Feb 1969 1 Apr 2024 None
Judith Barbara Hartley Director Nov 1965 1 Apr 2024 3 other companies
Paul Scott Director Dec 1969 9 May 2024 9 other companies
Dawn Isa Chambers Secretary Not published 20 Feb 2015 –

Other companies run by these 5 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
30
closed down
14
are FCA-registered
2

In the full report: all 30 companies, named

  • What each company does, and whether it is still trading
  • Which of these 5 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 2 on the FCA register
  • The 4 companies these 5 directors run together
  • All 28 people who have ever been directors, with their dates
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Key dates in its history

NEL Fund Managers’s history from the FCA register and Companies House, newest first.

Key events (10) All events (72)

2016

6 April 2016

  • Nel Eot Limited took control (75–100% of shares)

Companies House

2014

12 May 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

2011

15 August 2011

  • FCA imposed a requirement (Venture Capital & Corporate Finance Business Only)

FCA register

2006

23 June 2006

  • Changed its registered name from "NEL Fund Management Group Limited"

FCA register

5 April 2006

  • Changed its registered name from "Northern Enterprise Limited"

FCA register

2001

1 December 2001

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

FCA register

1990

3 December 1990

  • Incorporated at Companies House

Companies House

1901

1 January 1901

  • Regulated by the Investment Management Regulatory Organisation from this date

FCA register

In the full report: all 72 events

  • All 72 events in its history (10 shown here)
  • Every director appointment and resignation: 51
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Firms connected to NEL Fund Managers

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

connected firms
2
share its postcode
2
past links
2

In the full report: all 2 connected firms, named

  • How each is linked: the same postcode (2)
  • Who links each one: the named directors, with dates
  • 2 past links through former directors
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Firms like NEL Fund Managers

Other firms of the same type (lender), nearest first.

In Gateshead

Rippon Financial Management LimitedGatesheadAuthorisedLavery J LimitedGatesheadAuthorised

In the Newcastle (NE) postcode area

Home Group LimitedNewcastle upon TyneAuthorisedChris Gooding (IFA) LtdNewcastle upon TyneAuthorisedComplete Corporate Finance LimitedCramlingtonAuthorisedJ.a. Bains LimitedNewcastle Upon TyneAuthorised

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 NEL Fund Managers

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

  • 30 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 72 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is NEL Fund Managers Limited FCA authorised?
Yes, NEL Fund Managers Limited (FRN 148550) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since December 2001 and works as a lender. The FCA has placed a limit on what it may do.
What is NEL Fund Managers’ phone number and website?
The FCA register lists the phone number 0345 369 7007 and the website nel.co.uk for NEL Fund Managers. If you were given different contact details, use these to check with the firm before going any further.
Is NEL Fund Managers a scam or clone?
NEL Fund Managers 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 NEL Fund Managers?
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 NEL Fund Managers to the Financial Ombudsman Service, free of charge.
Who owns NEL Fund Managers?
NEL Fund Managers is owned by Nel Eot Limited, which holds 75–100% of shares, since 6 April 2016.
Who runs NEL Fund Managers?
Companies House lists 5 directors of NEL Fund Managers: Graham Simon Thrower, Jonathan Swinhoe Luke, Trevor Vaughan Castledine, Judith Barbara Hartley and Paul Scott.
How long has NEL Fund Managers been in business?
The company was formed on 3 December 1990, and has held its current FCA authorisation since December 2001.
Does NEL Fund Managers use any other names?
It has previously used 5 other names, including NEL Fund Management Group Limited, Northern Enterprise Limited and Evolve Finance.

Sources and links

The full report on NEL Fund Managers Limited

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