Innovative Finance ISA (IFISA) provider Godwin Finance is no longer regulated by the Financial Conduct Authority (FCA).
The Godwin Group offshoot has been removed from the FCA’s register and can no longer carry out regulated activities.
Godwin Finance previously operated as an appointed representative of principal ShareIn.
In January 2021, ShareIn told Peer2Peer Finance News that it planned to end its appointed representative business, in order to focus on developing a bespoke crowdfunding service.
Read more: P2P chiefs report bumper ISA season
Godwin Finance was launched in 2018, and focused on property development loans funded by retail investors. It managed two IFISA products – both over three-year terms and invested into a broad spread of development sites.
A message on the FCA’s register said: “This firm is no longer registered with the FCA as an appointed representative agent of an authorised firm, and can no longer carry on regulated activities.
“Do not start to do regulated business with an AR that is no longer registered.”
According to Companies House records, the firm was formally dissolved on 20 July 2021. The Godwin Group now contains just two active financial services companies: Godwin Capital and Godwin Developments.