Pello Capital Limited

Reference number: 449720

Instant download

Scammers have impersonated this firm. The FCA has published 1 warning naming the fake phone numbers, emails and websites they used. See the warnings →

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

    C/O Adam Henry Stephens (IP No. 9748) and Mark Christopher Ford (IP No. 9521), Evelyn Partners LLP, 45 Gresham Street, London, EC2V 7BG, United Kingdom

In the full report: 1 background check, 1 thing worth a closer look

  • Whether EC2V 7BG is a shared office: 22 other firms give it
Instant PDF download
Other names (3)

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

  • Cornhill Asset Management Ltd Former name
  • Cornhill Capital Limited Former name
  • Cornhill Capital Former trading name

Warning

Scammers have impersonated this firm

Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.

The FCA warning these came from

Scammers change these details often. Always check the live FCA warning.

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 (6 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

Limits on the record

  • The Firm must not carry on any regulated activities or take any action to diminish the value of its own assets - effective 15/11/2022
    Requirement 1: Restriction on activities: Pello must not, without the prior written consent of the Authority, carry on any regulated activities for which it has a Part 4A permission (other than to facilitate the transfer of clients to other appropriate authorised firms). Requirement 2: Assets restriction 1) Pello must not, without the prior written consent of the Authority, take any action which has, or may have, the effect of disposing of, withdrawing, transferring, dealing with or diminishing the value of its own assets. 2) Pello may continue dealing with or disposing of any of its own assets in the ordinary and proper course of business provided that the sum or value of such dealings or disposals, whether as a single transaction or a combination of related transactions, does not exceed £5,000 (or £10,000 in the case of legal expenses). 3) For the avoidance of doubt, for the purposes of sub-paragraph (3) above, the following would be in the ordinary and proper course of business: a) Any and all professional fees incurred or payments made on account of the same, including but not limited to legal expenses; b) Any amounts due to be paid to creditors for sums incurred prior to the imposition of the Requirements, including but not limited to suppliers’ fees and sums owing to HMRC; c) Any income or sums collected and received by Pello on behalf of any third parties and which are to be paid to such third parties; or d) Any and all salaries of Pello staff, including to its Directors, Non-Executive Directors, contractors or any other employees, where such salaries have been agreed prior to the imposition of the Requirements. 4) For the avoidance of doubt, for the purposes of sub-paragraph (3) above, the following would not be in the ordinary and proper course of business: a) The making of any distribution to Pello’s shareholders whether by way of capital distribution or dividends; b) The payment of unusual or significant amounts to Pello’s shareholders, Directors, officers, employees or any connected persons; c) The making of any gift or loan by Pello to any party; or d) The entry into any financial reconstruction, sale of any part of Pello (whether share or asset based) or reorganisation. 5) Sub-paragraphs (2) and (3) are assets requirements within the meaning of section 55P(4)(a) of the Act. Requirement 3: Retention and notifications Pello is also subject to requirements to retain books and records and notify affected parties of the restrictions and requirements.
  • 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.

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.

The clone warnings above are scammers using this firm's name, not something the firm has done.

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
05267797
Company status
Liquidation
Company type
Private limited company
Incorporated
22 October 2004 (22 years old)
Registered office
C/O Rrs Dept S&W Partners Llp 45, Gresham Street, London, EC2V 7BG
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Nicholas Paul Josh Director Feb 1974 7 Aug 2017 1 other company
Daniel George Francis Gee Director Apr 1988 7 Aug 2017 1 other company

Other companies run by these 2 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 company
1
still active
0
went insolvent
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • The one that went into liquidation or administration
  • The 1 company these 2 directors run together
  • All 15 people who have ever been directors, with their dates
Instant PDF download

Filed accounts and finances

Year to 31 January 2022Full accountsAudited

Turnover

£6.57m

+15% from £5.69m

Profit before tax

−£102k

−131% from £328k

Net assets

£865k

−9.1% from £951k

Cash at bank

£220k

<1% from £221k

Its next accounts are overdue at Companies House.

Turnover and profit

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 05267797. 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

Pello Capital’s history from the FCA register and Companies House, newest first.

Key events (12) All events (46)

2022

15 November 2022

  • FCA imposed a requirement (The Firm must not carry on any regulated activities or take any action to diminish the value of its own assets - effective 15/11/2022)

FCA register

2021

16 July 2021

  • Pello Holdings Limited stopped being the majority owner

Companies House

2019

15 October 2019

  • FCA warned the public about a scam impersonating this firm

FCA warning list

2018

30 November 2018

  • Changed its registered name from "Cornhill Capital Limited"

FCA register

2016

6 April 2016

  • Andrew Frangos gained 25–50% of the votes
  • Pello Holdings Limited became the majority owner (50–75% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2008

12 March 2008

  • Changed its registered name from "Cornhill Asset Management Ltd"

FCA register

2007

20 September 2007

  • FCA imposed a requirement (May control but not hold client money & Assets)

FCA register

5 February 2007

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

FCA register

2004

22 October 2004

  • Incorporated at Companies House

Companies House

In the full report: all 46 events

  • All 46 events in its history (12 shown here)
  • Every director appointment and resignation: 29
Instant PDF download

Firms like Pello Capital

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

In London

Ernst & Young LLPLondonAuthorisedGallagher (Administration & Investment) LimitedLondonAuthorisedGallagher Risk & Reward LimitedLondonAuthorisedKroll Securities LtdLondonAuthorisedCambridge Mercantile Risk Management (UK) LtdLondonAuthorisedCapita Pension Solutions 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 Pello Capital

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

  • 1 other company its directors have run, named
  • 1 background check on its contact details, 1 flagged
  • All 46 events in its history

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Pello Capital Limited FCA authorised?
Yes, Pello Capital Limited (FRN 449720) 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 February 2007 and works as a financial adviser. The FCA has placed 2 limits on what it may do.
Is Pello Capital a scam or clone?
Scammers have impersonated Pello Capital: the FCA has published a warning about fake versions of it, using contact details that are not the firm's. Only trust the details the FCA register gives for Pello Capital, shown on this page.
Is my money safe with Pello Capital?
Pello Capital 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 Pello Capital?
Companies House lists one person with significant control of Pello Capital: Andrew Frangos (25–50% of votes). Before that, it was controlled by Pello Holdings Limited.
Who runs Pello Capital?
Companies House lists 2 directors of Pello Capital: Nicholas Paul Josh and Daniel George Francis Gee.
How long has Pello Capital been in business?
The company was formed on 22 October 2004. Companies House now lists it as liquidation.
What do Pello Capital’s latest accounts show?
Its latest accounts, to 31 January 2022, show turnover of £6.57m (+15% from £5.69m) and profit before tax of −£102k (−131% from £328k). Its accounts are overdue at Companies House.
Does Pello Capital use any other names?
It has previously used 3 other names: Cornhill Asset Management Ltd, Cornhill Capital Limited and Cornhill Capital.

Sources and links

The full report on Pello Capital Limited

£19.99 · Instant PDF download

Loading secure checkout…