LCG managers Dave Worsfold and Matt Basi buy control from FlowBank liquidators
FlowBank was put into bankruptcy in 2024, and liquidator Walder Wyss has been looking for a buyer for LCG ever since.
London Capital Group
LCG revenues fall 18% in 2025 following move to standalone IB model
LCG achieved 21% year-on-year net revenue growth in its core IB partnership with IG Group.
Exclusive: Flowbank bankruptcy will see just 70%-80% refund to third class claims
Flowbank liquidator Walder Wyss is still seeking a potential buyer for London Capital Group (LCG).
Exclusive: LCG sees positive cash flow in H2-2024, to report annual profit
LCG moved to an Introducer model under new managers Dave Worsfold and Matt Basi in 2023.
LCG rebrands as company continues to seek a buyer
LCG decided to become an introducing broker under new managers Dave Worsfold and Matt Basi.
Exclusive: LCG loss ballooned to £6M in 2023 following move to Introducer model
The LCG board reports that the Introducing Broker business has accelerated during 2024, and will allow LCG to show a profit for H2 2024.
Exclusive: FlowBank halts onboarding clients after deemed bankrupt by FINMA
Swiss regulator FINMA: FlowBank no longer has the minimum capital required for its operations, fears that the bank is over-indebted.
Exclusive: LCG suffers “major IT outage”, trading platforms and back office down
The problems at LCG come just days after FNG reported exclusively that LCG had made a decision to move to an introducing-broker model only.
Exclusive: LCG moves to introducer-only model (to IG)
Starting July 1, LCG will effectively become an introducing broker to (former) rival IG Group (LON:IGG).
Exclusive: LCG sees Revenues drop 86% in 2021, posts £1.7M loss
At the end of 2022 LCG brought in a new management team to run the company, led by new CEO Dave Worsfold.
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