On 23 March 2026, the directors of Shojin Financial Services Limited (SFS) and Shojin Property Partners Limited (SPP) took the decision to place both companies into administration. Simon Carvill-Biggs and Ian Corfield of FRP Advisory Trading Limited have been appointed as Joint Administrators.
ShareIn is the IFISA manager and platform infrastructure provider behind the Shojin investment platform. We are not in administration. ShareIn continues to operate normally, and your ISA wrapper remains intact and managed by us.
ShareIn's status
We want to be explicit about this. There are no insolvency proceedings, administration or regulatory restrictions applicable to ShareIn. There is no impact on our capacity to accept deposits, process withdrawals, or process ISA transfers. ShareIn is FCA-authorised, independent of Shojin as a business, and in a secure financial position. Our ability to perform our ISA Manager functions is unaffected.
If you invested via Shojin
The administrators have confirmed that investors on the Shojin platform invested into individual SPV entities linked to each project — not directly into SFS or SPP. Those SPVs are not in administration. You are not a creditor of the Shojin companies and do not need to register a claim.
The administration appointments were made upstream of the 16 ongoing investment SPVs specifically to avoid disrupting those projects. FRP have indicated that key Shojin personnel will be retained to assist through the process.
Your IFISA
Your ISA wrapper is held and managed by ShareIn, independently of Shojin as a business. The administration does not affect the tax status of your IFISA.
What happens to the underlying investments will depend on the outcome of each SPV — that's a separate question from your ISA wrapper, and one the administrators will be working through as part of their review of the Shojin Group.
Protecting your ISA wrapper
While your IFISA wrapper is unaffected by the administration, you may want to take steps to protect your position. There are two options available to you:
Transfer out You can transfer your IFISA to another ISA manager at any time. Transfers are initiated by your new ISA manager — contact them directly and they will handle the process with us. Note that illiquid investments (i.e. your project holdings) can only transfer once those investments have repaid, but any cash balance can move immediately.
Reinstating withdrawn cash before the tax year end The Shojin IFISA is a flexible ISA. This means that if you withdrew cash from your ISA during this tax year with the intention of paying it back in before 5 April, you can still do so — but the deadline is tight. Due to bank holidays, the cut-off for payments to reach us is 4pm on 2 April 2026. This is not about your new tax year allowance — it is about reinstating withdrawn funds from the current tax year before that allowance is permanently lost. If this applies to you, log into your investor portal and message us immediately so we can confirm the process in time.
What to do now
For questions about the administration itself, contact the Joint Administrators at invest@shojin.co.uk. For questions about your IFISA wrapper or to reinstate withdrawn cash before the deadline, message us directly through your investor portal.