Prop Account Ltd, a UK company linked to Justin Hertzberg’s proprietary trading infrastructure business, was officially dissolved on November 3, 2026, even as proprietary trading firms FX2 Funding and Gemscend continue to identify the company in their publicly accessible legal disclosures as the provider of trading assessments and counterparty to funded-trader agreements.
The dissolution closes the legal existence of the British company, formerly known as Forest Park FX Limited. It also leaves an unresolved question about the contractual arrangements described on the two trading firms’ websites: whether those responsibilities have been transferred to another entity or the published disclosures have simply not been updated.
Both firms identify Prop Account LTD as the recipient of assessment fees and the company with which successful traders must enter into agreements. Neither disclosure identifies a replacement entity for those functions.
The UK company is gone, but its name is still there on the pages.
Companies House confirms November 3 dissolution
According to the official Companies House filing history, Prop Account Ltd, company number 10449848, was dissolved through a voluntary strike-off process.
The company’s directors submitted an application for voluntary strike-off on August 10, 2026. Companies House published the first Gazette notice on August 18, followed by the final Gazette notice confirming dissolution on November 3.
The sequence is simple enough, though it tells little of the business part.
Prop Account Ltd was incorporated on October 27, 2016, as Forest Park FX Limited and changed its registered name on July 30, 2025. Its registered business classification was financial intermediation not elsewhere classified.
Companies House records identify Justin Hertzberg as a director and person with significant control, holding at least 75% of the company’s shares and voting rights. Neal Gavin Pleasance was appointed as a director in October 2025, while Edward George Anderson resigned that month.
The October 2025 filings also recorded a reduction in issued share capital, supported by a solvency statement. The company’s statement of capital at that point showed £1. Those documents predate the dissolution application and do not establish why the company was subsequently closed.
Voluntary strike-off is distinct from compulsory liquidation or administration. Under UK company law, it is generally available to eligible businesses that have ceased trading and completed the necessary closure procedures. The filing history does not establish financial distress or misconduct.
DaveFinances recently reported on FP Markets’ UK service entity moving toward dissolution, another example of a trading-related group closing a British corporate entity. Prop Account’s case has progressed further: Companies House now records the company as dissolved rather than awaiting removal.
FX2 Funding and Gemscend still identify Prop Account
The unresolved issue emerges from the legal wording published by two proprietary trading businesses associated with the Prop Account ecosystem.
FX2 Funding’s website identifies FX2 Funding, LTD, registered in Saint Lucia under number 2025-00108, as an affiliate of Prop Account LTD.
Its disclaimer states that Prop Account LTD provides fee-based simulated trading assessments, receives all assessment fees and enters into Trader Agreements with customers who qualify for funded accounts.
The wording is particularly specific about the allocation of responsibilities. FX2 Funding is presented as the customer-facing brand, while Prop Account LTD is identified as the provider of the assessments and the contracting party at the funded-account stage.
FX2 Funding’s About Us page also describes FX2 Funding, LLC as a United States entity, while its website footer identifies the seperate Saint Lucia company. These references show that several corporate names appear in the firm’s public materials, without clearly explaining how their respective contractual functions are divided.
Gemscend presents a similar arrangement.
Its legal page identifies Gemscend Limited, incorporated in Saint Lucia under registration number 2025-00572, and describes it as an affiliate of Prop Account LTD. The disclaimer assigns the same three responsibilities to Prop Account LTD: providing simulated assessments, receiving assessment fees and entering into agreements with qualified traders.
And those terms still point the trader back to Prop Account LTD.
There is an additional inconsistency within Gemscend’s documents. Its general terms identify Gemscend Limited in connection with Prop Account, LLC and refer to an agreement with the defined company, while the disclaimer identifies Prop Account LTD as the counterparty to the subsequent funded-trader agreement.
Gemscend’s privacy policy also refers to a wider collection of companies, including Dashboard Analytix, Forest Park FX LTD, Prop Account LLC, Prop Account Cayman, LLC and CRM Solutions LLC.
These references suggest that the business operates through multiple corporate entities. They do not establish which entity currently performs each contractual function or whether operations previously associated with the UK company were reassigned before dissolution.
Neither FX2 Funding’s nor Gemscend’s reviewed disclosure provides the UK registration number 10449848 alongside its reference to Prop Account LTD. The exact corporate identity intended by those disclosures therefore cannot be established from the name alone, although it matches the dissolved company’s registered name.
What happens to existing assessment agreements?
The immediate issue concerns contractual responsibility rather than the availability of a trading platform.
Both websites describe a business model in which customers purchase simulated trading assessments and may qualify for performance-based arrangements under subsequent agreements.
As explained in DaveFinances’ analysis of the difference between prop firms and brokers, simulated trading programs typically create contractual payment rights rather than ownership of profits generated through a conventional customer brokerage account.
That places the identity of the contracting company at the center of questions involving assessment fees, refunds, funded-account eligibility and performance rewards.
For someone midway through an evaluation, it is not a small paperwork thing.
Under UK law, a dissolved company ceases to exist as a legal entity. Its remaining property and rights generally pass to the Crown unless they were properly dealt with before dissolution, while creditors may have routes to seek restoration of the company in qualifying circumstances.
Dissolution does not, by itself, establish that an affiliated business has stopped operating or that customer obligations have been breached. The UK company could have discontinued its activities and transferred relevent arrangements before its removal from the register.
Such a transfer would need to be assessed against the applicable contracts and any necessary assignment, novation or replacement agreements. The publicly availble disclosures reviewed do not establish whether that process occurred.
It is also unclear whether customers entering new assessments after November 3 are still being presented with agreements naming the dissolved UK entity, or whether updated contracts are provided during registration and checkout.
A useful comparison comes from FundedSeat’s announced shutdown, where the proprietary trading company publically described its plans to refund active accounts and settle pending withdrawals. No comparable customer-account transition or settlement announcement has been identified in the reviewed Prop Account, FX2 Funding or Gemscend materials.
That comparison does not establish that either FX2 Funding or Gemscend is shutting down. Their published websites remain accessible, and the dissolution relates specifically to the British company, not automatically to the wider Prop Account group or its international affiliates.
The missing link in Prop Account’s corporate transition
The available records support three findings: the UK company has been formally dissolved, both FX2 Funding and Gemscend continue to name Prop Account LTD in their legal disclosures, and multiple other corporate entities appear within the surrounding business structure.
They do not establish whether the dissolved company held active customer agreements immediately before November 3, whether any such agreements were transferred, or which entity currently receives fees and assumes payment obligations.
A corporate clarification would need to identify the current assessment provider, the entity responsible for existing funded-trader agreements and whether customers have been issued revised contractual terms. Confirmation of any transfer’s effective date would also establish whether the published legal disclosures reflect an outdated arrangement.
For the two proprietary trading brands, the immediate disclosure issue can be resolved without changing their commercial products: identifying the correct legal counterparty and explaining whether the dissolution alters any exisiting customer rights.
So the public record closes on one company, and leaves the contract question open.
Johan Shamshad is a financial markets writer at Dave Finances covering cryptocurrencies, trading platforms, brokers, fintech, financial regulation, and developments across global markets. He previously worked at Gulf News, adding newsroom experience to his coverage of fast-moving financial and digital-asset markets.
His work focuses on identifying market-moving events, company developments, regulatory changes, product launches, and shifts in trading and financial infrastructure.
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