City Credit Capital (UK) Limited (04343251): administration
- Status
- Administration ended
- Administration began
- 2023-06-30
- Administrators' firm
- Begbies Traynor
- Formerly
- Smart Link Financial Services (UK) Limited
- Incorporated
- 2001-12-19
- Location
- London
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
- Funding withdrawn / unable to refinance
- Creditor pressure / legal action
- Parent or group failure
From the administrators' statement
The Company was incorporated on 19 December 2001, registered in the name ‘Smart Link Financial Services (UK) Limited’, for the purposes of financial intermediation in respect of the investment of client funds in multiple currencies and on multiple platforms. The Company's name was changed to City Credit Capital (UK) Limited on 21 October 2002. The Company is also regulated by the Financial Conduct Authority (“FCA”) under the Firm Registration Number 232015.
The Company is part of a group in which there are seven companies (“the Group’), and of which, CCC Holdings (B.V.I.) Limited is the Topco. The Company is also the sole shareholder of two of the other Companies in the Group, namely City Credit Capital SRL de CV and City Credit Capital (Uruguay) Ltd.
The Company operated as Contracts for Differences broker, providing services to a wide range of retail investor clients as well as a small number of professional investor clients.
Administrators' statement of proposals (2023-09-04) · Companies House register