Cambrian Associates Limited enters administration

News stories First published: Last updated: 12/06/2025

On 11 June 2025, the director of Cambrian Associates Limited (Cambrian) appointed Dean Watson and Paul Stanley of Begbies Traynor as Joint Administrators.

Cambrian (firm reference number (FRN) 158976) has entered administration. The firm advised on and arranged deals in mortgage contracts and investments, including defined benefit pension transfers.

Cambrian remains subject to supervisory oversight and our rules. We are working closely with the Joint Administrators. Dean Watson and Paul Stanley of Begbies Traynor are officers of the court and are authorised to act as licensed insolvency practitioners by the Insolvency Practitioners Association (IPA) and the Institute of Chartered Accountants in England and Wales (ICAEW), respectively. 

The Joint Administrators sold Cambrian’s regulated business and assets (including client book) to the authorised and regulated entity, HCI Financial Services Limited (FRN 197342) (HCI) on 11 June 2025. 

HCI will be writing to clients soon to explain what this means for them.

Clients should not be affected by the administration of Cambrian. However, clients with regulated or unregulated products may wish to contact HCI and the Joint Administrators for more information.

Who to contact

HCI will be responsible for managing any complaints related to Cambrian’s past regulated activities for 36 months following the acquisition. Clients should direct any such complaints to HCI.

HCI may be contacted on the following:

  • Tel: +44 (0) 1244 539595
  • Email: [email protected]
  • Post: HCI Financial Services Limited, Cambrian House, St. David’s Park, Hawarden, CH5 3XA

For any complaint which is not related to past regulated advice and services provided by Cambrian, clients should contact the Joint Administrators on the following: 

What should clients do now?

Be alert to scams

All clients should stay alert to the possibility of fraud.

If you get an unexpected call from someone claiming to be from Cambrian, HCI or Begbies Traynor you should:

  • End the call straightaway.
  • Call the numbers provided above in the question 'Who to contact'.
  • Find out how to protect yourself from scams.