True Capital Ltd: FCA regulated?

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Authorised for 10 years
Your funds are protected by FSCS
No FCA actions
Active company since 2003
Accounts filed up to 31 March 2025

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.

Website

true.global (opens in a new tab)
Phone number

020 3740 6940
Address

True House, 29 Buckingham Gate, London, SW1E 6NF, United Kingdom

In the full report: 3 background checks

When true.global first appeared online, and whether it can receive email
What kind of line 020 3740 6940 is, and the other firm that gives it
Who else gives the postcode SW1E 6NF

Other names (1)

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

True Trading name: A name it trades under now.

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 (8 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
Managing an unauthorised AIF
Managing investments

Limits on what they may do

Conduct business with Corp retail clients only

The firm must not conduct any designated investment business with retail clients other than (or except) corporate finance business
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.

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

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number: 04705175 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 20 March 2003 (23 years old)
Registered office: True House, 29 Buckingham Gate, London, SW1E 6NF, United Kingdom
Nature of business: Development of building projects (SIC 41100)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Matthew Arthur Truman	Director	May 1979	20 Mar 2003	9 other companies
Paul Andrew Cocker	Director	May 1979	16 Jun 2008	38 other companies
Richard David Mergler	Director	Oct 1964	17 Feb 2017	3 other companies
William James Pearson	Director	Feb 1976	2 Aug 2017	88 other companies
Matthew Arthur Truman	Secretary	Not published	20 Mar 2003	–

Other companies run by these 4 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: 114
closed down: 78
are FCA-registered: 2

In the full report: all 114 companies, named

What each company does, and whether it is still trading
Which of these 4 directors sit on each board, and since when
Any that went into liquidation or administration
The 2 on the FCA register
The 21 companies these 4 directors run together
All 6 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 March 2025Full accountsAudited

Net assets

£1.68m

+1.3% from £1.66m

Cash at bank

£367k

−76% from £1.51m

Employees (average)

0

−100% from 40

Owed within a year

£3.08m

−38% from £4.93m

Assets and liabilities

In the full report: all 6 years of accounts

Every year from 2020 to 2025
The chart, over every year
Every filed figure, year by year

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 04705175. 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

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

Key events (9) All events (18)

2016

6 April 2016

Matthew Arthur Truman became a part-owner (25–50% of shares)
Paul Andrew Cocker became a part-owner (25–50% of shares)

Companies House

1 April 2016

Regulated by the FCA from this date
FCA imposed a requirement (Conduct business with Corp retail clients only)
FCA imposed a requirement (Deed poll)
FCA imposed a requirement (May control but not hold client money)
FCA imposed a requirement (Small Authorised UK AIFM (Sub-Threshold))
Became authorised by the FCA

FCA register

2003

20 March 2003

Incorporated at Companies House

Companies House

In the full report: all 18 events

All 18 events in its history (9 shown here)
Every director appointment and resignation: 6

Firms connected to True Capital

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

connected firm: 1
share a director: 1
share its phone number: 1

In the full report: the connected firm, named

How it is linked: shared directors (1), the same phone number (1), the same postcode (1)
Who links it to this firm: the named directors, with dates
1 past link through former directors

Firms like True Capital

Other firms of the same type (investment or fund manager), nearest first.

In London

UBS Asset Management (UK) LtdLondonAuthorised UBS Asset Management Funds LtdLondonAuthorised Revolut Trading LtdLondonAuthorised BlackRock Advisors (UK) LimitedLondonAuthorised BlackRock Fund Managers LimitedLondonAuthorised BlackRock Investment Management (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 True Capital

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

114 other companies its directors have run, named
3 background checks on its contact details
6 years of accounts, charted
All 18 events in its history
1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is True Capital Ltd FCA authorised?

Yes, True Capital Ltd (FRN 725992) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since April 2016 and works as an investment or fund manager. The FCA has placed 2 limits on what it may do.

What is True Capital’s phone number and website?

The FCA register lists the phone number 020 3740 6940 and the website true.global for True 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 True Capital a scam or clone?

True 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 True Capital?

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 True Capital to the Financial Ombudsman Service, free of charge.

Who owns True Capital?

Companies House lists 2 people with significant control of True Capital: Mr Paul Andrew Cocker (25–50% of shares) and Mr Matthew Arthur Truman (25–50% of shares).

Who runs True Capital?

Companies House lists 4 directors of True Capital: Matthew Arthur Truman, Paul Andrew Cocker, Richard David Mergler and William James Pearson.

How long has True Capital been in business?

The company was formed on 20 March 2003, and has held its current FCA authorisation since April 2016.

What do True Capital’s latest accounts show?

Its latest accounts, to 31 March 2025, show net assets of £1.68m (+1.3% from £1.66m) and cash at bank of £367k (−76% from £1.51m).

Does True Capital use any other names?

It trades as True.