Advanced IFA Ltd

Reference number: 400398

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Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

2 Plan Wealth Management Limited Reference number: 461598 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Advanced IFA Ltd (FRN 400398) is an AR of 2 Plan Wealth Management Limited (FRN 461598). When you use Advanced IFA's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Advanced IFA, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When advancedifa.co.uk first appeared online, and whether it can receive email
  • What kind of line 0191 548 3333 is
  • Who else gives the postcode SR6 9BW
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FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through 2 Plan Wealth Management Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
05080099
Company status
Active
Company type
Private limited company
Incorporated
22 March 2004 (22 years old)
Registered office
63/65 Sea Road, Fulwell, Sunderland, Tyne & Wear, SR6 9BW
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
David Davison Newham Director Apr 1968 22 Mar 2004 None
Allison Newham Secretary Not published 22 Mar 2004 –

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • Both people who have been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Micro-entity accountsNot audited

Net assets

£0

−100% from £12.1k

Employees (average)

3

Same as 3

Owed within a year

£13.9k

+103% from £6,872

Net assets

In the full report: all 6 years of accounts

  • Every year from 2020 to 2025
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 05080099. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

Advanced IFA’s history from the FCA register and Companies House, newest first.

Key events (3) All events (6)

2016

6 April 2016

  • David Newham took control (75–100% of shares)

Companies House

2004

26 April 2004

  • Became an appointed representative

FCA register

22 March 2004

  • Incorporated at Companies House

Companies House

In the full report: all 6 events

  • All 6 events in its history (3 shown here)
  • Every director appointment and resignation: 3
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Firms like Advanced IFA

Other firms of the same type (financial adviser), nearest first.

In Sunderland

Adamson Financial Planning LTDSunderlandAppointed representativeBen HughesSunderlandAppointed representativeCity Financial Solutions LimitedSunderlandAppointed representativeGKB Financial Planning LtdSunderlandAppointed representativeMark McNally Wealth Management LimitedSunderlandAppointed representativeMatlock Wealth Management LimitedSunderlandAppointed representative

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Advanced IFA

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • Every company its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 6 events in its history

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Frequently asked questions about this firm

Is Advanced IFA Ltd FCA authorised?
Advanced IFA Ltd (FRN 400398) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Advanced IFA?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Advanced IFA Ltd (FRN 400398) is an AR of 2 Plan Wealth Management Limited (FRN 461598). When you use Advanced IFA's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Advanced IFA, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Advanced IFA’s phone number and website?
The FCA register lists the phone number 0191 548 3333 and the website advancedifa.co.uk for Advanced IFA. If you were given different contact details, use these to check with the firm before going any further.
Is Advanced IFA a scam or clone?
Advanced IFA is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Advanced IFA?
Protection works through 2 Plan Wealth Management Limited, the principal firm responsible for Advanced IFA's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Advanced IFA?
Companies House lists one person with significant control of Advanced IFA: Mr David Newham (75–100% of shares).
Who runs Advanced IFA?
Companies House lists one director of Advanced IFA: David Davison Newham.
How long has Advanced IFA been in business?
The company was formed on 22 March 2004.
What do Advanced IFA’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £0 (−100% from £12.1k).

Sources and links

The full report on Advanced IFA Ltd

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