last updated 29/06/22

In April 2021, we first announced our intention to transfer our banking and lending business to our sister company Coutts and committed to keeping you updated about the proposed transfer.

We are using a Banking Business Transfer Scheme, under Part VII of the Financial Services and Markets Act 2000.

This hub details the process, provides important documents about the transfer, and answers to some questions you may have.

It will be updated regularly as we move through the legal process.


Latest update 29/06/2022


On 31 May 2022 the Court of Session in Edinburgh approved the implementation of the Banking Business Transfer Scheme to transfer the Adam & Company banking and lending business to Coutts.


The intended date for the transfer to take effect has now been changed from 2 July 2022 to 3 September 2022 at 00.01am.


What is the proposal?


On 17 March 2022, we went to the Court of Session in Edinburgh to start the process to transfer Adam & Company's business to Coutts.


On 31 May 2022, the Court granted us approval to go ahead with the transfer.


You will continue to see the Adam & Company brand for a period of time after the transfer.


what this means for you?


It is very much ‘business as usual’ at Adam & Company. We want to reassure you that Coutts will continue to offer the same level of service that you enjoy today.


You should continue to use our services through your private banker, Adam 24 and our digital services over the next few weeks.


Looking to the future, Coutts offers an award-winning banking service including access to a new online banking service.


Coutts is proud of being a thriving and inclusive community for its clients and almost 330 years after being founded by a Scottish banker. We are excited to have opened Coutts’ first offices in Scotland in the Autumn of last year. 

what happens next?


It is expected that the Transfer will take effect on 3 September 2022 at 00.01am. You will then be a client of Coutts.


We shall be writing to our clients ahead of the transfer to let them know what is happening and if there is anything they need to do to be ready.

  • Important documents

  • What you need to know about the transfer


    In April 2021, we announced our intention to transfer our Adam & Company banking and lending business to our sister company Coutts using a legal scheme which requires approval from the Court of Session in Edinburgh.

    This is called a Banking Business Transfer Scheme and is covered under Part VII of the UK Financial Services and Markets Act 2000. As well as needing approval from the Court of Session to transfer the Adam & Company business, engagement is required from the Prudential Regulation Authority (PRA) and has been sought from the Financial Conduct Authority (FCA).

  • How do I make my views known to the Court about the Transfer?

    The date to make your objections has now passed. You were able to present your views up until the Final Court Hearing which took place on 31 May 2022 at the Court of Session in Edinburgh. 

  • When will the transfer become effective?

    Now the Transfer is approved, it will take effect at 00.01 am on 3 September 2022.

  • What does the transfer mean for you?


    On the date of transfer, you will become a client of Coutts with access to the broader banking proposition and range of services available through Coutts. 

    Your sort codes and account numbers will stay the same.

    You can continue to use banking cards and cheque/paying-in books that are branded Adam & Company until they are replaced with Coutts ones.

    If you already have a Coutts account the transfer may have an impact on your FSCS protection.

    There will be a change to the brand from Adam & Company to Coutts.

  • Changes you will see on our documents

    You will see some changes related to our registered address and company information:

    Legal entity name – Coutts & Company

     Registered in England No. 36695

    Registered Office – 440 Strand, London WC2R 0QS

    Financial Services Firm Reference Number 122287



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