Shojin Financial Services Limited (09697161): administration
- Status
- In administration
- Administration began
- 2026-03-23
- Administrators
- Ian James Corfield, Simon Peter Carvill-Biggs
- Administrators' firm
- FRP Advisory
- Incorporated
- 2015-07-22
- Location
- St. Albans
- Industry
- 64999 Financial intermediation not elsewhere classified
Why it went into administration
- Regulatory change or action
- COVID-19
- Funding withdrawn / unable to refinance
- Cash flow / liquidity pressure
From the administrators' statement
The Company was incorporated in 2015 as part of an expansion of the business model of the Shojin Group, which was originally founded 17 years ago with the aim of enabling investors to access opportunities in the real estate sector through clubbed investments. The expansion was implemented to move from purely high-yield rental investments into renovation and development projects, and later into providing funding solutions such as mezzanine and preferred equity to mid-market developers.
In order to broaden access to these opportunities, the Company was incorporated and subsequently became approved by the FCA to carry on certain regulated activities and financial promotions as set out on the FCA register (FCA firm reference number: 716765). As part of the Company’s business madel, it launched an online investment platform in 2017 following the granting of FCA permissions. Since then the platform has grown to include investors from more than 60 countries. The investments took the form of a SPV for each development project, of which SPP is sole shareholder.
The operating model of the Shojin Group was such that SFS also provided services to SPP and its subsidiary SPVs, for which a service agreement was in place and a fee charged on a monthly basis. As a result, whilst SFS and SPP each had their own role call of employees, staff often worked for both entities and to manage the underlying SPV development projects, depending on what work was required.
Administrators' statement of proposals (2026-05-20) · Companies House register