LCM Family Limited Enters Administration
On 28 April 2026, LCM Family Limited (LCM) went into administration, with Louise Longley and Gary Shankland of BTG Begbies Traynor appointed as joint administrators
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The useful update
- LCM Family Limited entered administration on April 28, 2026
- Louise Longley and Gary Shankland have been appointed as joint administrators
The stakes
- The administration highlights potential vulnerabilities within the financial advisory sector
- This move could impact clients relying on LCM for financial and legal services
The next check
- LCM was previously known as LCM Wealth Management Limited
- The firm was involved in providing both financial and legal services
Where this came from
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Original report LCM Family Limited enters administration
Publisher: FCA · Published Apr 29, 1:31 pm · fca.org.uk
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The short version
On 28 April 2026, LCM Family Limited (LCM) went into administration. Louise Longley and Gary Shankland of BTG Begbies Traynor (Central) LLP were appointed as joint administrators of the firm. The jo…
The joint administrators are responsible for managing the affairs of the firm during the administration process
What happened
- LCM Family Limited entered administration on April 28, 2026
- Louise Longley and Gary Shankland have been appointed as joint administrators
- LCM is authorized by the FCA and regulated by the Solicitors Regulation Authority
- A voluntary requirement was agreed upon with the FCA on April 14, 2026, restricting LCM's activities
Why this matters
- The administration highlights potential vulnerabilities within the financial advisory sector
- This move could impact clients relying on LCM for financial and legal services
- Regulatory pressures may influence future firm operations in the finance industry
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