The FCA has this week stripped permission to carry out regulated business from a London Docklands-based financial adviser called Wise Decisions Ltd (FRN 832056).

The decision to revoke the firm’s Part 4A permissions means it can no longer carry out regulated business.

The FCA said it had made the decision yesterday (3 June) because evidence suggested that the firm was conducting no regulated business that the Part 4A permissions related to.

The firm had also failed to pay required fees and levies and submit returns in recent times.

Wise Decisions Ltd was authorised by the FCA from 1 July 2019 and had Part 4A permission to carry out regulated activities including advising on investments (except pension transfers and opt outs), deals in investments and credit broking.

The FCA said the firm failed to pay regulatory fees including an invoice dated 15 August 2023 for periodic fees and levies of £1,708.15 and an invoice dated 20 August 2024 for periodic fees and levies of £1,962.66. The firm also failed to submit required FCA returns.

The FCA said its cancellation of the company's Part 4A permissions takes place immediately but the firm has the right to seek an annulment of the FCA’s decision by 2 June 2026.

The firm was based in London Dockland at Docklands Business Centre, London E14 and the FCA’s register shows two CF1 directors listed for the firm: Vijay Patel and Sonia Malik.

Companies House records show an application for a compulsory strike off of the company has been made twice, in July 2024 and in March this year. In both cases the strike offs were discontinued.