The Financial Conduct Authority has restricted Beauforce Corporation Limited from carrying out any regulated activities, preventing it from providing regulated debt advice or debt management services. The FCA also ordered the firm to return money held in its bank accounts to its clients. The action follows concerns about the suitability of the firm’s senior management and its conduct in dealings with the FCA. Key issues include that the firm’s senior manager, Mr Duckett, is disqualified from being involved in running a company for 10 years, and that the firm failed to notify the FCA of this disqualification and did not provide requested information relating to its debt management activities or client money controls. In May 2025 the FCA issued a Decision Notice seeking to cancel the firm’s permissions entirely, which the firm has referred to the Upper Tribunal. Consumers with a debt management plan arranged through the firm are advised to stop payments and seek alternative support, as payments to creditors may not be made.
Financial Conduct Authority 2026-03-20
Financial Conduct Authority stops Beauforce Corporation from regulated debt services and orders return of client money
The Financial Conduct Authority (FCA) has restricted Beauforce Corporation Limited from conducting regulated activities and ordered the return of client funds. This action stems from concerns over senior management suitability, particularly the disqualification of Mr. Duckett, and the firm's failure to notify the FCA or provide requested information. The FCA issued a Decision Notice in May 2025 to cancel the firm's permissions, which Beauforce has referred to the Upper Tribunal.