The Financial Conduct Authority (FCA) published an update on Shojin Financial Services Limited, an FCA-authorised crowdfunding platform, entering administration on 23 March 2026. The FCA is engaging with the firm and the Joint Administrators to seek to ensure the best outcomes for investors. Shojin allowed customers to make investments that were used to fund loans toward property developments. Simon Carvill-Biggs and Ian Corfield of FRP Trading Advisory Limited were appointed as Joint Administrators, with responsibilities to act in the best interests of those owed money by Shojin and to work quickly and efficiently; while investors are not always classed as creditors, they may still benefit if value can be recovered from the property development companies involved. Affected parties are expected to be contacted directly by the Joint Administrators.
Financial Conduct Authority2026-03-30
Financial Conduct Authority confirms Shojin Financial Services has entered administration and engages with joint administrators on investor outcomes
The Financial Conduct Authority published an update on Shojin Financial Services Limited, an authorised crowdfunding platform that entered administration on 23 March 2026. The authority is engaging with Shojin and the Joint Administrators, Simon Carvill-Biggs and Ian Corfield of FRP Trading Advisory Limited, to seek to ensure the best outcomes for investors in property development loans, with affected parties to be contacted directly by the Joint Administrators.