Shojin Financial Services Limited (Shojin), a crowdfunding platform authorised and regulated by the Financial Conduct Authority (FCA), has entered administration. The platform enabled customers to make investments that were used to fund loans for property developments.
On 23 March 2026, Shojin went into administration and Simon Carvill-Biggs and Ian Corfield of FRP Trading Advisory Limited were appointed as Joint Administrators. Their role is to act in the best interests of the people who are owed money by Shojin and to conduct the administration process as quickly and efficiently as possible.
Role of the Joint Administrators
The Joint Administrators are responsible for managing Shojin’s affairs during the administration. Their objective is to recover as much value as possible from the property development companies that received funding via loans arranged through Shojin. While investors are not always classed as creditors, they are expected to benefit from any value recovered by the Joint Administrators.
As part of their duties, the Joint Administrators will identify and contact those affected by Shojin entering administration. Individuals who have invested through the platform and may be impacted do not need to take immediate action to register their involvement, as the Joint Administrators will reach out directly.
Impact on investors and ongoing engagement
Investors in the loans arranged by Shojin are affected by the firm’s entry into administration, although their legal status may differ from that of traditional creditors. The outcome for investors will depend on the extent to which the Joint Administrators can recover funds from the underlying property development companies.
The FCA has stated that it is engaging with Shojin and the Joint Administrators. This engagement is intended to help seek the best possible outcomes for investors, within the framework of the administration process and the FCA’s regulatory remit.
Contact information for affected parties
Investors and other affected parties who have questions about their investments during the administration should contact FRP’s customer support team. Enquiries can be directed to the dedicated email address: [email protected]. Further information for affected individuals is expected to be provided directly by the Joint Administrators as the process progresses.
