Nottingham Financial Planning firm Barkestone Wealth (FRN 507226) has had its permissions revoked by the FCA.

The firm was authorised by the regulator from 8 February 2010.

It had part 4A permissions to conduct regulated investment business, including advising on investments (except on pension transfers and pension opt outs) and advising on P2P agreements.

The FCA said it had revoked the firm’s permissions because, “it considers that the firm is carrying on no regulated activity to which the firm’s Part 4A permission relates.”

It had given the firm notice in November that it intended to cancel the firm’s permissions. The firm failed to respond to the notice and so was then informed that its permissions would be cancelled on 6 January.

The regulator added tha: “If the firm is aggrieved by the decision to cancel its Part 4A permission it may make an application for an annulment of the Authority’s decision.” It has until 5 January 2026 to make an application.

According to Companies House records Barkestone was incorporated in July 2009 with the nature of its business listed as "fund management activities."

In its last published accounts for the year to 30 November 2022, it revealed debtors of £47,287 and creditors of £34,186. The creditors were made up of £23,300 owed for "taxation and social security", £6,912 for "bank loans and overdrafts" and £3,974 "other creditors."

Last October the Registrar of Companies gave notice that the company would be struck off the register and dissolved, but in November it reported that an objection to the striking off had been received.

The company’s status is now listed as: “Active proposal to strike off.”

Barkestone Associates’ website remains live, listing Graham Glew, director, as the firm’s contact. Mr Glew was director of the business from 2009, according to Companies House records.