Oracle Consultants Ltd

Reference number: 618258

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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.

  • No website on the FCA register

  • No phone number on the FCA register

  • Address

    Dane O’Hara, Leonard Curtis, 5th Floor, Grove House, 248a Marylebone Road, London, NW1 6BB, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode NW1 6BB
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Other names (3)

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

  • Incisive Dental Trading name
  • Incisive Wealth Trading name
  • Incisive Wealth Management 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 (12 permissions)
  • Acting as a CBTL advisor
  • Acting as a CBTL arranger
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Advising on Pension Transfers and Pension Opt Outs
  • Advising on regulated mortgage contracts
  • Arranging (bringing about) deals in investments
  • Arranging (bringing about) regulated mortgage contracts
  • Credit Broking
  • Debt-counselling
  • Making arrangements with a view to regulated mortgage contracts
  • Making arrangements with a view to transactions in investments

Limits on the record

  • Requirement 1
    1.1 The Firm must not carry on any regulated activity or ancillary activity unless the FCA has given prior written consent. 1.2 Within [ consider reasonable period ] the Firm must contact in writing (including by email, if appropriate): - all customers for whom it was in the process of carrying on regulated activities; and - any person it was dealing with on behalf of a customer, informing them that it cannot continue to undertake regulated activities until further notice, and referring them to the Firm’s entry on the Financial Services Register for more information. 1.3 Any monies received from customers after the date these requirements are imposed must be returned within 5 day, unless they relate to transactions that are fully concluded. 1.4 In this requirement: “ancillary activity” means an activity which is not a regulated activity but which is: (a) carried on in connection with a regulated activity; or (b) held out as being for the purposes of a regulated activity; “regulated activity” means any activity for which it has a permission under Part 4A of the Act. Effective 11/11/2020
  • Requirement 2
    2.1 Except as provided for in paragraph 2.2, the Firm must not dispose of or deal with any of its assets (including by withdrawing or transferring) without the FCA’s prior written consent. 2.2 This requirement does not prohibit the Firm from using its assets to pay: (a) ongoing running costs, such as utility bills and employee salaries, or (b) legal or other professional fees to third parties. For the avoidance of doubt, Requirement 2 is an asset requirement pursuant to section 55P(4) of the Act. Effective 11/11/2020
  • Requirement 3
    3.1 If the Firm’s professional indemnity insurance coverage is withdrawn or reduced, or the Firm has reason to believe it may be withdrawn or reduced, it must notify the FCA in writing immediately. Effective 11/11/2020

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
08861128
Company status
Liquidation
Company type
Private limited company
Incorporated
24 January 2014 (12 years old)
Registered office
5th Floor Grove House, 248a Marylebone Road, London, NW1 6BB
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Filed accounts and finances

Year to 31 January 2020Micro-entity accountsNot audited

Net assets

£9,259

−60% from £22.9k

Employees (average)

5

No earlier figure to compare

Owed within a year

£268k

+112% from £127k

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 08861128. 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

Oracle Consultants’s history from the FCA register and Companies House, newest first.

Key events (9) All events (36)

2020

11 November 2020

  • FCA imposed a requirement (Requirement 1)
  • FCA imposed a requirement (Requirement 2)
  • FCA imposed a requirement (Requirement 3)

FCA register

2017

16 January 2017

  • Michael Anthony Owen no longer has significant control

Companies House

2016

2 December 2016

  • Nurul Miah took control (75–100% of shares)

Companies House

6 April 2016

  • Michael Anthony Owen gained significant control

Companies House

2014

8 August 2014

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

FCA register

24 January 2014

  • Incorporated at Companies House

Companies House

In the full report: all 36 events

  • All 36 events in its history (9 shown here)
  • Every director appointment and resignation: 22
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Firms connected to Oracle Consultants

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

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Oracle Consultants

Other firms of the same type (pension transfer adviser), nearest first.

In London

ART Holdings LimitedLondonAuthorisedClaritus Wealth LtdLondonAuthorisedDelaunay Wealth Management LimitedLondonAuthorisedGlobal WealthMAP LtdLondonAuthorisedIFS Wealth & Pensions LtdLondonAuthorisedTankard Wealth 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 Oracle Consultants

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

  • 1 background check on its contact details
  • All 36 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Oracle Consultants Ltd FCA authorised?
Yes, Oracle Consultants Ltd (FRN 618258) 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 August 2014 and works as a pension transfer adviser. The FCA has placed 3 limits on what it may do.
Is Oracle Consultants a scam or clone?
Oracle Consultants 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 Oracle Consultants?
Oracle Consultants 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 Oracle Consultants?
Companies House lists one person with significant control of Oracle Consultants: Mr Nurul Miah (75–100% of shares). Before that, it was controlled by Mr Michael Anthony Owen.
How long has Oracle Consultants been in business?
The company was formed on 24 January 2014. Companies House now lists it as liquidation.
What do Oracle Consultants’ latest accounts show?
Its latest accounts, to 31 January 2020, show net assets of £9,259 (−60% from £22.9k). Its accounts are overdue at Companies House.
Does Oracle Consultants use any other names?
It trades as Incisive Dental, Incisive Wealth and Incisive Wealth Management.

Sources and links

The full report on Oracle Consultants Ltd

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