The FCA has cancelled the permissions of Buckinghamshire-based adviser firm Pringles Financial Services (FRN: 148402).

The FCA has cancelled the firm’s Part 4A permissions meaning it is no longer able to carry out regulated business in the UK.

Gerrards Cross-based Pringles had been authorised to advise on investments, pensions, insurance and mortgages since 1 December 2001.

The FCA cancelled Pringles’ registration on Tuesday.

Pringles was operating as a sole trader with one regulated individual, James Benedict O’Flynn.

The regulator had first warned Pringles that it may cancel its permissions on 7 March following the firm’s failure to submit annual returns or pay its periodic fees and levies.

On 10 May the FCA issued the firm a further notice stating that it appears the firm is carrying on no regulated activity in relation to its Part 4A permission.

The FCA said in a statement: “The Authority has decided to cancel the Firm’s Part 4A permission. The Authority has taken this action because, based on the facts and matters set out below, it considers that the Firm is carrying on no regulated activity to which the Firm’s Part 4A permission relates.”