FCA says investment manager Bullseye Financial entered administration on 23 October, seven months after agreeing to stop regulated business
The Financial Conduct Authority says Bullseye Financial Ltd, which served professional investors, entered administration on 23 October 2026.
Drafted by the Loro Desk from public records and published automatically after a 24-hour hold. Published without editorial review.
Bullseye Financial Ltd, an FCA-authorised firm serving professional investors, entered administration on 23 October 2026, the FCA said, having agreed in March to stop carrying out regulated activity.
- Administration date
- 23 Oct 2026
- Administrators
- Azets Holdings Limited and RSM UK Restructuring Advisory LLP
- Regulated activity stopped
- Voluntary requirement, 11 Mar 2026
- Clients
- Professional investors only
- FSCS
- Administrators to liaise with the scheme
Bullseye Financial Ltd, an investment firm authorised by the Financial Conduct Authority, entered administration on 23 October 2026, the FCA said in a notice published on 27 October. Joint administrators were appointed from Azets Holdings Limited and RSM UK Restructuring Advisory LLP (FCA notice, 27 October 2026).
The FCA said the firm served only professional investors. It either managed their investment portfolios within agreed limits or carried out their instructions to buy or sell investments without giving advice (FCA notice, 27 October 2026).
On 11 March 2026 the firm agreed to a voluntary requirement to stop carrying out any regulated activity, the regulator said. The FCA continues to authorise and supervise the firm but does not supervise the administrators (FCA notice, 27 October 2026).
The notice says Bullseye Financial also provided services to clients of HDH Investment Services Ltd, which entered liquidation on 16 April 2026 (FCA notice, 27 October 2026).
Customers are told to contact the administrators about their investments or complaints, and that the administrators will write to them shortly. The administrators will liaise with the Financial Services Compensation Scheme, and eligibility for compensation depends on the scheme's criteria. The FCA warned customers to be wary of anyone claiming to act for the firm or the administrators who asks for payment to recover money (FCA notice, 27 October 2026).
The notice does not state how many customers the firm had, the value of assets it held, or why it agreed to stop regulated activity. Loro has made no approach to the company. Details are as published by the Financial Conduct Authority.
Primary sources
1 recordEvery factual claim above is drawn from these records. Each link resolves to the publisher’s own copy.