# IBP Markets Ltd (07126254)

> Why UK company 07126254 went into administration, from the administrators' statement filed at Companies House, by companydig. Interactive version: https://companydig.co.uk/company/07126254

- **Status:** In administration
- **Administration began:** 2023-10-13
- **Administrators:** David Philip Soden, James Robert Bennett
- **Administrators' firm:** Teneo
- **Formerly:** AC Global Markets Limited; Alma Capital Limited; Alma Securities Limited
- **Incorporated:** 2010-01-15
- **Location:** Birmingham
- **Industry:** 64999 Financial intermediation not elsewhere classified

## Why it went into administration

- Regulatory change or action

## From the administrators' statement

The Company has been subject to significant scrutiny from the FCA since December 2022. This was primarily driven by concerns in relation to:

* the accuracy of the Company's books and records; * purported breaches of regulations (notably re. CASS); * conflicts of interest with Clients and Service Provider A; and

¢ the Company being at risk of being used for a purpose connected with financial crime.

Statement of proposals: https://find-and-update.company-information.service.gov.uk/company/07126254/filing-history/MzQwNTQwMjk4MWFkaXF6a2N4/document?format=pdf&download=0
Companies House register: https://find-and-update.company-information.service.gov.uk/company/07126254

Contains public sector information from Companies House, licensed under the Open Government Licence v3.0.