IFPRU 50k (exempt CAD) investment company for sale in the UK

Price:

Asking price: £380,000

Registration of changes & submission of the new owner for FCA approval: £10,000

Details:

May receive & transmit orders and/or give investment advice.

Unable to carry on any investment services and activities (to which MiFID applies) on a regular basis except reception and transmission of orders in relation to one or more financial instruments or investment advice

Suitable for servicing professional & B2B clients. Main activity has been fund raising for corporates.

Date of establishment:  May 2018

Office location: registered office in Mayfair, London

Authorized and paid share capital: £60,000

Cash position: £45,000

Bank account: Metro Bank

A fully developed framework of corporate controls, risk management and money laundering prevention policies and procedures;

All regulatory reports filed on time, the company has not received any fines or penalties from the FCA and is in good standing.

Other information

Two directors of the company will facilitate change of control with the FCA and can stay in their roles after the closing of the transaction, if necessary and if there is reasonable compensation.

The owners are also open to JV if there is a partner who wants to develop the financial services business together as a shareholder of the company and/or upgrade the license.

FCA permissions are:

1.Advising on deals in investments:

2.Arranging (bringing about) deals in investments

3.Making arrangements with a view to transactions in investments

Investment Type:

  1. Binary Bet
  2. Certificates representing certain security
  3. Commodity Future
  4. Commodity option and option on commodity future
  5. Contract for Differences (excluding a spread bet and, a rolling spot forex contract and a binary bet)
  6. Debenture
  7. Future (excluding a commodity future and a rolling spot forex contract)
  8. Government and public security
  9. Option (excluding a commodity option and an option on a commodity future)
  10. Rights to or interests in investments (Contractually Based Investments)
  11. Rights to or interests in investments (Security)
  12. Rolling spot forex contract
  13. Share
  14. Spread Bet
  15. Unit
  16. Warrant

Customer Type: Eligible Counterparty, Professional

Limitation: Investment activity in “rights to or interests in investments (security)” and “rights to or interests in investments (contractually based investment)” is limited to the investment types granted for this activity.

Passports

The firm has Cross border passports for all 31 EEA member states.

Services authorised:

  • A(1) Reception and transmission of orders in relation to one or more financial instruments;
  • A(5) Investment advice;
  • B(3) Advice to undertakings on capital structure, industrial strategy and related matters and advice and services relating to mergers and the purchase of undertakings;
  • B(5) Investment research and financial analysis or other forms of general recommendation relating to transactions in financial instruments.

Details: dmitriy.m@eternitylaw.com

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