Sova Capital Limited

Reference number: 225539

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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.

In the full report: 3 background checks

  • When sovacapital.com first appeared online, and whether it can receive email
  • What kind of line 0121 619 0120 is, and the other firm that gives it
  • Who else gives the postcode EC4V 5EH
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Other names (7)

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

  • ABC Clearing Trading name
  • Otkritie Capital Trading name
  • Otkritie Capital International Trading name
  • ABC Clearing Ltd Former name
  • Otkritie Capital International Limited Former name
  • Otkritie Securities Limited Former name
  • Otkritie Brokerage 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.

Fake phone numbers (1)
  • 020 3883 7073
Fake email addresses (4)
  • a.wilson@sova-am.co.uk
  • d.harris@sova-am.co.uk
  • info@sova-am.co.uk
  • info@sova-assetmanagement.com
Fake websites (1)
  • sova-assetmanagement.com
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 (8 permissions)
  • Arranging (bringing about) deals in investments
  • Arranging safeguarding and administration of assets
  • Causing dematerialised instructions to be sent
  • Dealing in investments as agent
  • Dealing in investments as principal
  • Making arrangements with a view to transactions in investments
  • Safeguarding and administration of assets (without arranging)
  • Sending dematerialised instructions
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.

  • Capital Requirements on Dealing Client positions
    1. With effect from 25 October 2012, OSL must treat all dealing client accounts as if they were proprietary accounts for the purposes of Block 2 (Prudential Standards) of the Handbook. As such any positions and balances held on dealing client accounts must be treated as proprietary positions when OSL carries out any calculations of the amount of regulatory capital that it is required to hold. 2. OSL must immediately carry out a revised calculation of its regulatory capital requirements as a result of this variation of its permission, and must provide the FSA with a credible plan to resolve any resulting breach of its regulatory capital requirement by 1 November 2012. 3. This requirement on OSL's permission will remain in place until the FSA is satisfied that OSL does not bear proprietary risk arising from positions held on dealing client accounts. 4. OSL must continue to treat dealing clients' money in accordance with the applicable provisions in CASS and shall segregate such money in a separate account in accordance with CASS 7.4.21. R.

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 administration, 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
04621383
Company status
Administration
Company type
Private limited company
Incorporated
19 December 2002 (23 years old)
Registered office
C/O Teneo Financial Advisory Limited The Colmore Building, 20 Colmore Circus Queensway, Birmingham, B4 6AT
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Key dates in its history

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

Key events (12) All events (68)

2021

24 May 2021

  • FCA warned the public about a scam impersonating this firm

FCA warning list

2018

18 January 2018

  • Changed its registered name from "Otkritie Capital International Limited"

FCA register

2017

21 December 2017

  • Roman Avdeev took control (75–100% of shares)
  • Vadim Stanislavovich Belyaev stopped being a part-owner

Companies House

2016

6 April 2016

  • Vadim Stanislavovich Belyaev became a part-owner (25–50% of shares)

Companies House

2014

21 July 2014

  • Changed its registered name from "Otkritie Securities Limited"

FCA register

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2012

26 October 2012

  • FCA imposed a requirement (Capital Requirements on Dealing Client positions)

FCA register

2007

31 August 2007

  • Changed its registered name from "ABC Clearing Ltd"

FCA register

2004

26 March 2004

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

FCA register

2002

19 December 2002

  • Incorporated at Companies House

Companies House

In the full report: all 68 events

  • All 68 events in its history (12 shown here)
  • Every director appointment and resignation: 48
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Firms connected to Sova Capital

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

connected firm
1
share its phone number
1

In the full report: the connected firm, named

  • How it is linked: the same phone number (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Sova Capital

Other firms of the same type (investment platform or stockbroker), nearest first.

In London

Wise Assets UK LtdLondonAuthorisedCitigroup Global Markets LimitedLondonAuthorisedOANDA Europe LimitedLondonAuthorisedHidden Road Partners CIV UK LtdLondonAuthorisedKKR Capital Markets Partners LLPLondonAuthorisedCapital Com (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 Sova Capital

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

  • 3 background checks on its contact details
  • All 68 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Sova Capital Limited FCA authorised?
Yes, Sova Capital Limited (FRN 225539) 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 March 2004 and works as an investment platform or stockbroker. The FCA has placed no limits on its permissions.
What is Sova Capital’s phone number and website?
The FCA register lists the phone number 0121 619 0120 and the website sovacapital.com for Sova Capital. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by one other FCA firm.
Is Sova Capital a scam or clone?
Scammers have impersonated Sova 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 Sova Capital, shown on this page.
Is my money safe with Sova Capital?
Sova 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 Sova Capital?
Companies House lists one person with significant control of Sova Capital: Mr Roman Avdeev (75–100% of shares). Before that, it was controlled by Mr Vadim Stanislavovich Belyaev.
How long has Sova Capital been in business?
The company was formed on 19 December 2002. Companies House now lists it as administration.
Does Sova Capital use any other names?
It trades as ABC Clearing, Otkritie Capital and Otkritie Capital International. It has previously used 4 other names, including ABC Clearing Ltd, Otkritie Capital International Limited and Otkritie Securities Limited.

Sources and links

The full report on Sova Capital Limited

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