Administrators have been appointed to a UK financial firm, an official notice has revealed. LCM Family Limited went into administration on April 28 after agreeing to a voluntary requirement with the Financial Conduct Authority (FCA). Louise Longley and Gary Shankland of BTG Begbies Traynor (Central) LLP were appointed as joint administrators of the firm, and will manage its affairs during the process.
The company was previously known as LCM Wealth Management Limited. Administrators are now acting in the interest of creditors of the firm. Administration is a process whereby an outside party takes over control of a business to save a viable part of it. LCM Family Limited is authorised by the FCA to offer its customers financial advice and…