LCM Family Limited (04709097): administration
- Status
- In administration
- Administration began
- 2026-04-28
- Administrators
- Louise Longley, Gary Paul Shankland
- Administrators' firm
- Begbies Traynor
- Formerly
- LCM Wealth Management Limited; SPH 225 Limited
- Incorporated
- 2003-03-24
- Location
- Leeds
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
From the administrators' statement
The Company was incorporated on 24 March 2003. The Company acted as a full-service provider to approximately 300 individual clients across 50 family groups. It provided financial, legal, tax and wealth management advice to its clients. It was dual regulated by both the Financial Conduct Authority (“FCA”) and Solicitors Regulation Authority (“SRA”) (together the “Regulators”). Assets under administration of the Firm at the time of the Administration were valued at c.£89m.
The Firm traded profitably for a number of years. In recent years performance has suffered as a Director took time away from the business due to ill health. During this period, there was a material reduction in investment activity and subsequently turnover.
Whilst the financial position began to improve as the Director returned to the business and investment activity increased, there has been a rapid operational deterioration with the sudden departure of a Director responsible for the Firm’s legal practice.
Administrators' statement of proposals (2026-09-01) · Companies House register