The Financial Services Compensation Scheme (FSCS) announced that it is currently investigating Herefordshire-based Haich & Associates (UK) Ltd.
According to Companies House, the firm dissolved in May 2022. It also gave up its Financial Conduct Authority (FCA) licence in May 2022 after being authorised for three years.
It previously operated under the name 14 Lights Ltd between 2010 and 2016 and was known as NPD International Ltd between March 2016 and March 2017.
The UK lifeboat scheme said: “FSCS has received claims in relation to Haich & Associates (UK) Ltd activities as ISA manager and its role in arranging customers’ investments.
“The investments include bonds in BoxVn Ltd and NQ Minerals plc. FSCS is investigating whether the firm was involved in any regulated activities and whether such activities may give rise to valid claims.”
BoxVn was a Brighton-based freight services company, previously known as Box Nationwide Logistics Ltd, which went into administration in January 2023.
NQ Minerals plc was an Australian mining company which went into administration in August 2021. According to its website, it was “focused on the environmental rehabilitation of former precious metal mining operations and the sustainable extraction of minerals required to deliver clean energy and a low carbon economy”.
There are currently six firms under investigation with the FSCS since the start of the year, this includes County Durham-based Green Gem Financial, Bridgend-based Wealthmasters Financial Management, wealth management firm WealthTek and British Steel advice firms DC Financial Ltd and Abbey Lane Financial Associates Ltd.