Bullseye Financial entered administration on October 23, 2026, more than seven months after the UK investment firm agreed to stop regulated activities. The Financial Conduct Authority has directed customers to the administrators for information about their investments and any claims.

Key Takeaways

  • The FCA has not disclosed why the firm entered administration or whether customers face investment losses.
  • Customers with complaints may have compensation claims, while those already referred to the Financial Ombudsman Service need not act immediately.
  • Compensation through the Financial Services Compensation Scheme depends on its eligibility rules.

Bullseye Financial administration follows March restriction

The FCA announced the administration on October 27. Robert Young of Azets Holdings Limited and Matthew Haw of RSM UK Restructuring Advisory LLP were appointed joint administrators and are responsible for the firm's affairs.

Bullseye was FCA-authorised and served professional investors. It managed portfolios within agreed limits and executed investment trades on customers' instructions without providing advice.

On March 11, 2026, the company agreed to a voluntary requirement stopping all regulated activity. The FCA's October notice did not establish that the restriction caused the subsequent administration or identify a financial shortfall or misconduct.

What customers should know about claims

The FCA said customers should ask the administrators about investments, outstanding complaints and possible claims. Those who have already referred a complaint to the Financial Ombudsman Service do not need to take immediate action; the Ombudsman will contact them.

The administrators will liaise with the Financial Services Compensation Scheme and update customers. The FCA has not confirmed that every customer or investment qualifies for compensation.

The regulator warned that fraudsters could impersonate the firm, the administrators or the FCA and request payment to recover investments. Customers should independently verify unexpected communications. They do not need to pay a third party merely to submit a claim.

Connection to HDH Investment Services

Bullseye provided some services to clients of HDH Investment Services, which entered liquidation on April 16, 2026. The FCA did not explain how that liquidation affects Bullseye customers, and the available information does not establish that losses at either firm caused the other's failure.

Next milestone

The administrators are expected to contact customers with information about next steps.

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