Concept Capital Group placed into administration as FCA investment scheme case paused

Concept Capital Group Ltd has been placed into administration by the High Court, shifting control of the company to insolvency practitioners and temporarily halting enforcement proceedings brought by the UK Financial Conduct Authority over an alleged £23 million unauthorised investment scheme tied to static homes marketed to retail investors.

The High Court appointed Joanne Hammond and Jason Ainge of Begbies Traynor Group on March 9, 2026, giving them responsibility for managing the company’s affairs and assessing claims from investors. The appointment pauses the regulator’s civil action against the company while the administrators evaluate the firm’s assets, liabilities, and potential recoveries for creditors.

The FCA had launched High Court proceedings in July 2025 against Concept Capital Group and several individuals connected to the business, alleging that the company promoted investments in static homes through what amounted to an unauthorised collective investment scheme. According to the regulator, the scheme raised more than £23 million from consumers.

Regulators claim the investments were marketed as properties that would be rented to social housing tenants placed by local councils. Investors were allegedly promised fixed returns and told the investment was backed by the UK government, representations the FCA contends were false or misleading.

The FCA’s lawsuit alleges multiple breaches of the Financial Services and Markets Act 2000 and the Financial Services Act 2012. Among other claims, the regulator says the firm carried on regulated activities without authorisation, issued unlawful financial promotions, and made misleading statements to investors.

Alongside the company, the FCA’s claim names several individuals alleged to have been knowingly concerned in the breaches, including Ian Anthony Elliott, Adrian Felix, Ayub Swaibu, Edmund Brew, Ernest Kargbo (also known as Ernest Moore), and Raymondip Bedi (also known as Martin Swann). Corporate defendants also include Gateridge Consulting Limited, while the FCA previously discontinued its claim against Riverrun Consulting Limited after the company was dissolved.

Prior to the administration filing, Concept Capital Group had given undertakings to the High Court that effectively froze its assets pending the outcome of the litigation. The undertakings also prevented the company from promoting or selling the investment scheme, though they allowed it to continue making rental or licence payments to investors where applicable.

With the administration now underway, the FCA’s claim against Concept Capital Group itself has been stayed, while proceedings against the other defendants continue. The regulator said it will support the administrators as required and maintain communication with them as they take control of the company’s affairs.