System 2 Capital LLP

Reference number: 955105

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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 system2capital.com first appeared online, and whether it can receive email
  • What kind of line 020 7971 1203 is
  • Who else gives the postcode W1S 3AN
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FCA permissions and consumer protection

  • Hold or safeguard your money · 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.
  • 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.
  • 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 (6 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Arranging (bringing about) deals in investments
  • Arranging safeguarding and administration of assets
  • Making arrangements with a view to transactions in investments
  • Managing an unauthorised AIF
  • Managing investments

Limits on what they may do

  • 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.
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.

  • CPMI Requirement
    The firm is only permitted to carry on the activities specified in FUND 1.4.3R (1) to (6) or any successor provision

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 status
Active
Company type
Limited liability partnership
Incorporated
9 October 2018 (8 years old)
Registered office
27 Old Gloucester Street, London, WC1N 3AX, United Kingdom

Directors and company secretaries

Name Role Born Appointed Other companies
Sean Oldfield LLP designated member Jan 1977 9 Oct 2018 9 other companies
Daniel Brewer LLP member Sep 1988 29 Apr 2019 None
Oliver Jack Chadwick Morbey LLP member Jan 1988 30 Apr 2019 None
Massimiliano Veneziani LLP designated member Sep 1967 7 May 2019 None
Luke Robert Macdonald LLP member Jan 1980 13 May 2019 None

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
9
closed down
7
is FCA-registered
1

In the full report: all 9 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 one on the FCA register
  • All 7 people who have ever been directors, with their dates
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Key dates in its history

System 2 Capital’s history from the FCA register and Companies House, newest first.

2022

26 January 2022

  • Regulated by the FCA from this date
  • FCA imposed a requirement (CPMI Requirement)
  • FCA imposed a requirement (May control but not hold client money)
  • Became authorised by the FCA

FCA register

2018

9 October 2018

  • Incorporated at Companies House
  • Sean Oldfield took control (75–100% of shares)

Companies House

In the full report: all 16 events

  • All 16 events in its history (6 shown here)
  • Every director appointment and resignation: 9
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Firms connected to System 2 Capital

Other FCA-listed firms that share a director, phone number or address with System 2 Capital. A link shows who the firm is tied to, not whether either can be trusted.

past link
1

In the full report: all 0 connected firms, named

  • 1 past link through former directors
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Firms like System 2 Capital

Other firms of the same type (investment or fund manager), 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 System 2 Capital

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

  • 9 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 16 events in its history

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Frequently asked questions about this firm

Is System 2 Capital LLP FCA authorised?
Yes, System 2 Capital LLP (FRN 955105) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since January 2022 and works as an investment or fund manager. The FCA has placed a limit on what it may do.
What is System 2 Capital’s phone number and website?
The FCA register lists the phone number 020 7971 1203 and the website system2capital.com for System 2 Capital. If you were given different contact details, use these to check with the firm before going any further.
Is System 2 Capital a scam or clone?
System 2 Capital 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 System 2 Capital?
It may control client money but not hold it. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about System 2 Capital to the Financial Ombudsman Service, free of charge.
Who owns System 2 Capital?
Companies House lists one person with significant control of System 2 Capital: Mr Sean Oldfield (75–100% of votes).
Who runs System 2 Capital?
Companies House lists 5 directors of System 2 Capital: Sean Oldfield, Daniel Brewer, Oliver Jack Chadwick Morbey, Massimiliano Veneziani and Luke Robert Macdonald.
How long has System 2 Capital been in business?
The company was formed on 9 October 2018, and has held its current FCA authorisation since January 2022.

Sources and links

The full report on System 2 Capital LLP

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