London Capital & Finance falls into administration

Legal | South East

Thousands of customers who have invested in high-risk bond schemes at London Capital & Finance (LCF) fear they may have lost everything, following the collapse of the business.

Now in administration, LCF took a total of £236m following a prolonged marketing campaign – which is now under investigation for mis-selling.

The schemes were marketed as ‘Fixed Rate ISAs’ and LCF’s administrators have stated that they hope to recoup as much as possible for those that have been affected.

Finbarr O’Connell, Adam Stephens, Colin Hardman and Henry Shinners all of Smith & Williamson LLP were appointed joint administrators of London Capital & Finance Plc on 30 January 2019.

 

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