Concept Capital Group, which is accused of running a £23m unauthorised collective investment scheme (UCIS), has gone into administration.
This week the High Court placed London-based Concept Capital Group (CCG) into administration with BTG appointed as administrators.
The FCA said that CCG had promoted investments in static homes to investors.
According to the FCA, CCG had claimed these homes would be let to social housing tenants placed by local councils. Investors were promised fixed returns and told the scheme was backed by the UK Government, claims the FCA considers “false or misleading.”
The FCA said CCG had ‘collected’ an estimated £23m from investors.
In July 2025, the FCA announced High Court proceedings against CCG and others over the alleged unauthorised investment scheme. Since then CCG has been under a court order that temporarily froze its assets.
The FCA said it had not initiated the administration but has put the FCA’s High Court own proceedings against CCG on hold in the interim.
The administrators will take control of CCG and investors’ claims will be handled as part of the administration process. The FCA will support the administrators as needed and will continue to communicate with them, it said.
The FCA’s claim against the defendants in its action - Ian Anthony Elliott, Adrian Felix, Ayub Swaibu, Edmund Brew, Ernest Kargbo (also known as Ernest Moore), Raymondip Bedi (also known as Martin Swann) and Gateridge Consulting Limited - will continue, the regulator said.
• Contact details: Dedicated website: Concept Capital Group Limited (In Administration); Email: