Changeflow GovPing Banking & Finance HDH Investment Services Limited Enters Liquidation
Priority review Enforcement Amended Final

HDH Investment Services Limited Enters Liquidation

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Summary

The FCA announces that HDH Investment Services Limited entered Creditors' Voluntary Liquidation (CVL) on 16 April 2026. Dina Devalia and Tom Parish of Quantuma Advisory Limited were appointed as joint liquidators. The firm had previously agreed on 20 January 2026 to stop carrying out any regulated activity following FCA concerns that HDH may have given unsuitable financial advice to some customers, potentially leading to financial loss. Customers are advised to contact the joint liquidators or the Financial Services Compensation Scheme (FSCS) for information on compensation claims.

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What changed

HDH Investment Services Limited entered Creditors' Voluntary Liquidation on 16 April 2026. Dina Devalia and Tom Parish of Quantuma Advisory Limited were appointed as joint liquidators. The firm had previously agreed to cease all regulated activities on 20 January 2026 after the FCA expressed concerns that it may have provided unsuitable financial advice to customers, potentially causing financial loss. HDH remains under FCA supervisory oversight during liquidation.

Financial advisers and investors who dealt with HDH should monitor for communications from the joint liquidators regarding the claims process. Customers with complaints already referred to the Financial Ombudsman will be contacted about next steps. The Financial Services Compensation Scheme (FSCS) may provide compensation to eligible customers, with the joint liquidators working alongside FSCS to identify claimants. The FCA continues to monitor HDH's conduct during the liquidation process.

Archived snapshot

Apr 18, 2026

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HDH Investment Services Limited enters liquidation

News stories First published:

17/04/2026

Last updated: 17/04/2026
On 16 April 2026, HDH Investment Services Limited (HDH), which advised on and arranged deals in investments, entered Creditors’ Voluntary Liquidation (CVL).

On this page

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Dina Devalia and Tom Parish of Quantuma Advisory Limited (Quantuma) have been appointed as joint liquidators.

On 20 January 2026, HDH agreed to stop carrying out any regulated activity. This was because we were concerned that HDH may have given unsuitable financial advice to some of its customers, potentially leading to financial loss.

HDH remains subject to supervisory oversight and our rules, and we are working closely with the joint liquidators.


Who to contact if you’re a customer

Customers of HDH can contact the joint liquidators, Quantuma, on:


Information for consumers

Show all

We are aware some investors may have received unsuitable advice and are concerned about investments and pensions they have bought via HDH.

The joint liquidators will be writing to you shortly to explain what to do if you are affected.

If you do not hear from the joint liquidators or have more questions about your investment or pension, contact the Financial Services Compensation Scheme or the joint liquidators.

If you’ve made a complaint against HDH, you may have a claim if you are due any money in compensation. You should first contact the joint liquidators for more details on how complaints or claims will be dealt with.

If you’ve already referred a complaint to the Ombudsman, they will contact you in due course about next steps. You don’t need to take any action, but you can contact the Ombudsman if needed:

The Financial Services Compensation Scheme (FSCS) protects consumers when UK financial services firms go out of business.

Whether you’re covered by the FSCS will depend on:

The FSCS is operationally independent of the FCA. The FSCS decides whether compensation is payable under our compensation rules.

The joint liquidators will work with the FSCS to find out who can make a claim and will share more updates.

Visit the FSCS webpage for further updates.

Consumers do not have to pay to make a claim. You may be contacted by a claims management company (CMC) offering to help you recover money or make a claim.

You should proceed with caution. If you choose to use a CMC, they are likely to charge a fee, which may reduce the amount you receive. If you’re considering making a claim via a CMC, you should first discuss it with the joint liquidators using the contact details on this webpage.

If you need financial advice in the future, you should contact another FCA-authorised financial adviser. You can find information on finding an adviser on MoneyHelper.

You can also use the FCA Firm Checker to make sure a firm is authorised and has permission to provide the services you're looking for.


Protecting yourself from scams

Fraudsters sometimes claim to be from legitimate firms authorised by us, or (in the case of liquidation) their appointed liquidator.

Be wary of fraudsters pretending to be HDH or the joint liquidators and asking you to pay money to get your money back.

If you get an unexpected call from someone claiming to be from HDH or Quantuma you should:

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FCA warns customers of HDH Investment Services Limited Using claims management companies Protect yourself from scams Recovery room scams

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Last updated

Classification

Agency
FCA
Filed
April 17th, 2026
Instrument
Enforcement
Legal weight
Binding
Stage
Final
Change scope
Minor

Who this affects

Applies to
Financial advisers Investors
Industry sector
5231 Securities & Investments
Activity scope
Financial services firm dissolution Investor compensation claims
Geographic scope
United Kingdom GB

Taxonomy

Primary area
Financial Services
Operational domain
Compliance
Topics
Consumer Finance Securities

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