The Financial Conduct Authority (FCA) has launched High Court proceedings against Concept Capital Group (CCG), its key personnel, and associated consultancy firms over an alleged unauthorised investment scheme involving over £23 million of consumer funds in static homes.

Concept Capital Group (CCG) is now subject to court undertakings that effectively freeze its assets while legal proceedings are ongoing. These measures also ban the company from promoting or selling the investment scheme in question.

According to the FCA, CCG marketed investments in static homes that were supposedly leased to social housing tenants via local authorities. Investors were promised fixed returns and were reportedly told the scheme was supported by the UK Government—claims the FCA believes were either false or misleading.

The FCA further alleges that the scheme operated as an unauthorised collective investment, with CCG conducting regulated activities without the necessary authorisation or exemption.

Additionally, the regulator claims CCG made unauthorised financial promotions and issued false or misleading statements, violating the Financial Services and Markets Act 2000 (FSMA) and the Financial Services Act 2012 (FSA 2012).

In addition to CCG’s founder Ian Elliott, the FCA alleges that Adrian Felix (along with his company Gateridge Consulting), Ayub Swaibu, Edmund Brew, Ernest Kargbo, and Raymondip Bedi (along with his company Riverrun Consulting) were knowingly involved in the breaches. Notably, Mr. Bedi was sentenced on 4 July 2025 in connection with a separate fraud case identified by the FCA.

The FCA is pursuing:

• Restitution orders to compensate affected investors.
• Declarations of contraventions of financial regulations.
• Injunctions to stop any further breaches.

These legal proceedings are still in their early stages, and no trial date has been scheduled at this time.