Wellesley & Co Limited ("WCL") has been authorised by UK regulators since 2019.
WCL entered administration on 30 April 2025. Damian Webb, Stephanie Sutton and Jack Plunkett of RSM UK Restructuring Advisory LLP were appointed as joint administrators.
WCL is owned by Wellesley Group Limited (WGL). WGL is owned by Wellesley Group Investors Limited (WGIL). WGIL and WGL entered Administration on 10 March 2025.
WCL is the only regulated company in the group. WCL was involved in a range of activities, including promoting issues of investment bonds to the UK retail market.
Latest updates
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12 Jan, 2026
FSCS has now concluded its investigation to establish whether claims against WCL are possible.
FSCS will not be opening to claims against WCL as we are not satisfied that there are valid claims against WCL.
Based on our consideration of WCL’s activities and the content of its financial promotions, we are not satisfied that WCL owes its customers a civil liability. This is the test that we are required to apply to any claims submitted to us.
We note on 17 September 2025 FCA published the findings of its own investigation into WCL, which includes the following
- The FCA considered a lot of information, including the financial promotions material, and determined investors were clearly warned they could lose their money should they choose to invest, and that the products lacked FSCS coverage. WCL also warned investors about the risk of insolvency regarding the Wellesley companies and the underlying borrowers.
- FCA found no evidence to suggest that investor funds had been defrauded or otherwise misused.
FCA concluded its investigation and decided to take no further action against WCL.
The findings of the FCA investigation mirror the findings we reached when we considered WCL’s activities.
Consequently, regarding potential claims against WCL, FSCS is satisfied that there is no prospect of a valid claim under the rules set for FSCS by the FCA. For that reason, FSCS will not be opening to claims.
- The FCA considered a lot of information, including the financial promotions material, and determined investors were clearly warned they could lose their money should they choose to invest, and that the products lacked FSCS coverage. WCL also warned investors about the risk of insolvency regarding the Wellesley companies and the underlying borrowers.
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01 May, 2025
FSCS is not currently open to customer claims.
We need first to establish whether eligible claims against WCL are possible. We are currently investigating this. We anticipate that we will be working closely with the Joint Administrators and the FCA.The latest news regarding our work on WCL will appear on this page. We will update this page as our investigations progress. Customers should subscribe to this page to receive the latest updates.
It’s free to make a claim with FSCS and you don’t need to use a representative or a solicitor. If you claim directly with us, you will receive 100% of any compensation.
Please be wary of scams. FSCS will never ask you for money to make a claim or receive compensation, as our service is free. If you are concerned about any contact you receive, please contact us directly using the details found on our contact us page.