Bolton financial adviser Client’s First Financial Consultants (FRN: 767449) has had its permission to conduct regulated activities withdrawn by the FCA after it failed to pay regulatory fees of almost £4,000.

The regulator cancelled the company’s Part 4A permission after it failed to pay fees that were due in 2021 and 2022.

CFFCL was authorised by the FCA on 11 January 2017 for a range of regulated activity, including advising on investments, except on pension transfers and pension opt outs.

The company was previously known as Car Loan Experts (Manchester) Ltd between January 2017 and August 2019 and then Spartan Cover Ltd between August 2019 and June 2022, according to the FCA’s Register.

It failed to pay an invoice from the FCA dated 25 August 2021 for periodic fees and levies of £2,104.23 which had been due for payment by 23 November 2021.

The company changed its name for the second time to Client’s First Financial Consultants Ltd in June 2022.

Later that year it failed to pay an invoice dated 13 September 2022 for periodic fees and levies of £1,710.31 which had been due for payment by 13 October 2022.

According to Companies House, CFFCL was given notice on 25 July this year that it would be struck off the Register of Companies within two months and all its property and rights deemed to be in bona vacantia, and would belong to the Crown.

However the striking off was temporarily suspended on 8 August “as an objection to the striking off has been received by the Registrar.” There have been no subsequent notices about the firm published on Companies House.

Then on 18 September the FCA gave CFFCL notice that it intended to take action to cancel the firm’s Part 4 permission.

When CCFCL failed to respond, the FCA gave the company further notice on 10 October that the regulator would cancel CFFCL’s Part 4A permission on 6 November, which it has now done so.

The FCA said: “CFFCL does not have a right to refer the decision to give this Notice of Decision to the Tribunal.”