Carmody & May has yet to be registered on Companies House and is not yet authorised by the FSA, but its website says the company “provides capital market advice to perspective investors within the UK financial markets, and it combines high net worth financial planning, mezzanine asset management, corporate and financial planning”.
According to the website, the business is located at 247 Tottenham Court Road, London – the same address as Mortgage Times.
Earlier this week HM Revenue & Customs sought the winding up of Mortgage Times. The network’s management emailed advisers before Christmas to say that the company had ceased trading and cancelled its FSA permission before Christmas, leaving appointed representatives unable to conduct business.
HMRC’s case was heard in court earlier this week, but the decision over whether to force Mortgage Times into liquidation was adjourned. No administrator has officially been announced.
The Carmody & May website says: “We are one of London’s premier financiers with well over 20 years experience within the UK Financial Market.”
Services that the firm claims to offer include consultancy, funds management, financial services such as mortgage broking, financial planning and corporate finance, as well as transaction advice.
Neither Carmody nor May could be reached for comment.