UPDATED! - Brown & Ellis Ltd – why has this company still got a CMC license?
Updated: Jul 9, 2019
UPDATED - June 2019
WTC Administration Ltd has been wound up and the Statement of Affairs published on 24th June 2019 shows a debt of £85K to HMRC and £304K to consumer creditors – who appear to be all individuals or customer’s maybe?
Director, Jason Roscoe has also suffered a loss…. Of £5K.
In the meantime, Jason Roscoe continues to be sole director of Brown and Ellis Ltd – a CMC who currently retain temporary permissions on the FCA register.
Brown and Ellis Limited have been registered with the Claims Management Regulator since July 2012 under the license number CRM29655. There are no trading names listed but it is registered to an address in Alderley Edge, Cheshire. A quick Google search of Brown and Ellis Ltd shows no available website but it does brings up a rather dubious past with a Mail article from 2015 reporting how its then director, Kevin Eadie operated from Spain rather than the UK address provided to MoJ and how the CMR were investigating issues surrounding Brown and Ellis Ltd. According to the article in the Mail the company was connected to WTC Administration Ltd, whose offshoot Willard Thomas Claims had attracted complaints regarding their fee advance request in respect of timeshare refunds.
Nevertheless, Brown and Ellis Ltd retained their CRM license so why is the CRM license number currently being used on a website called Money Advice Online.co.uk which is a ‘comparison website that acts as an introducer to companies who offer regulated financial advice”?
Well, according to the website, Moneyadviceonline is a trading style of Baker Adams Advisory Ltd – who in turn “act as agent of an (sic) Brown & Ellis Ltd who are regulated by the CMR”. Yet there is no reference to Baker Adams Advisory Ltd on the regulators webpage despite it being incorporated 10 months ago by sole director, Jason Roscoe. Bizarrely, the company did manage to register with the ICO at that time of its inception in March 2018 whereas Brown and Ellis Ltd do not appear to be ICO registered at all!
This seems all rather peculiar given that Mr Roscoe is the current director of both Baker Adams Advisory Ltd and Brown and Ellis Ltd and will therefore be familiar with corporate procedures and obligations. Jason Roscoe replaced Kevin Eadie at the latter company in October 2017 and the latest company accounts filed with Companies House show a sum of money is owed to WTC Administration Ltd which was controlled by Kevin Eadie.
WTC Administration Ltd continue to operate and provide a claims service on a “no win, no fee” basis but stipulates it “is not, nor does it claim to be a claims management company as we only represent claims that are not regulated by the Claims Management Regulator”. The company website, does however have Money Advice Online as one of their listed partners, and the companies’ former director, Kevin Eadie was replaced by incumbent Jason Roscoe.