Bassetts (Wales) Ltd: FCA regulated?

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.

Appointed for 6 years
Protected through the principal
No FCA actions
Active company since 1995
Accounts filed up to 31 December 2025

Responsible principal firm

Automotive Compliance Limited Reference number: 497010 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.
Bassetts (Wales) Ltd (FRN 922496) is an AR of Automotive Compliance Limited (FRN 497010). When you use Bassetts (Wales)'s services, the FCA authorisation sits with the principal firm.
Example: if you take financial advice from Bassetts (Wales), 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.

Website

bassettsgroup.co.uk (opens in a new tab)
Phone number

01792 310700
Address

Used Car Centre, Valley Way, Enterprise Park, Swansea, West Glamorgan, SA6 8QX, United Kingdom

In the full report: 3 background checks

When bassettsgroup.co.uk first appeared online, and whether it can receive email
What kind of line 01792 310700 is
Who else gives the postcode SA6 8QX

Other names (8)

If you were contacted under any of these names, it is this firm.

Bassetts Honda Swansea Trading name: A name it trades under now.
Bassetts Jaecoo Swansea Trading name: A name it trades under now.
Bassetts Omoda Swansea Trading name: A name it trades under now.
Fiat Bridgend Trading name: A name it trades under now.
Bassetts Honda Bridgend Former trading name: A name it used to trade under.
Bassetts KMG Bridgend Former trading name: A name it used to trade under.
Bassetts KMG Swansea Former trading name: A name it used to trade under.
Bassetts Ssangyong Swansea Former trading name: A name it used to trade under.

FCA permissions and consumer protection

Protection through the principal firm
Protection works through Automotive Compliance 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: 03012938 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 23 January 1995 (31 years old)
Registered office: Valley Way, The Enterprise Park, Swansea, West Glamorgan, SA6 8QX
Nature of business: Sale of new cars and light motor vehicles (SIC 45111)
Sale of used cars and light motor vehicles (SIC 45112)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Ioan Harries	Director	Jul 1977	11 Nov 2024	2 other companies
Kevin Parry	Director	Aug 1963	11 Nov 2024	2 other companies

Other companies run by these 2 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies: 2
still active: 2
are FCA-registered: 2

In the full report: all 2 companies, named

What each company does, and whether it is still trading
Which of these 2 directors sit on each board, and since when
Any that went into liquidation or administration
The 2 on the FCA register
The 2 companies these 2 directors run together
All 9 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 December 2025Full accountsAudited

Profit before tax

£283k

From a loss of £715k

Total equity

£2.12m

No earlier figure to compare

Cash at bank

£93.4k

+897% from £9,364

Owed within a year

£3.39m

−16% from £4.04m

The accounts for the year to 31 December 2025 do not tag turnover in a form that can be read automatically, so it is not shown. The last tagged figure is £25.1m, for the year to 31 December 2023.

Profit before tax

In the full report: all 6 years of accounts

Every year from 2019 to 2025
Both charts, over every year
Every filed figure, year by year

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.

Accounts filed at Companies House for company 03012938. 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

Bassetts (Wales)’s history from the FCA register and Companies House, newest first.

Key events (3) All events (29)

2020

11 March 2020

Became an appointed representative

FCA register

2016

6 April 2016

Bassett Property Holdings Ltd took control (75–100% of shares)

Companies House

1995

23 January 1995

Incorporated at Companies House

Companies House

In the full report: all 29 events

All 29 events in its history (3 shown here)
Every director appointment and resignation: 14

Firms connected to Bassetts (Wales)

Other FCA-listed firms that share a director, phone number or address with Bassetts (Wales). A link shows who the firm is tied to, not whether either can be trusted.

connected firms: 2
share a director: 2
share its postcode: 2

In the full report: all 2 connected firms, named

How each is linked: shared directors (2), the same postcode (2)
Who links each one: the named directors, with dates

Firms like Bassetts (Wales)

Other firms of the same type (car dealer), nearest first.

In the Swansea (SA) postcode area

Alex Lewis Motors LtdHaverfordwestAppointed representative Arthur Bassett & Co. LimitedSwanseaAppointed representative B V Rees LtdDyfedAppointed representative Bassetts (South Wales) LtdAbertaweAppointed representative Car Hire (Day of Swansea) LimitedSwanseaAppointed representative Cawdor Cars Newcastle Emlyn LimitedNewcastle EmlynAppointed 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 Bassetts (Wales)

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

2 other companies its directors have run, named
3 background checks on its contact details
6 years of accounts, charted
All 29 events in its history
2 connected firms, named, and who links them

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Bassetts (Wales) Ltd FCA authorised?

Bassetts (Wales) Ltd (FRN 922496) 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 Bassetts (Wales)?

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. Bassetts (Wales) Ltd (FRN 922496) is an AR of Automotive Compliance Limited (FRN 497010). When you use Bassetts (Wales)'s services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Bassetts (Wales), 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 Bassetts (Wales)’s phone number and website?

The FCA register lists the phone number 01792 310700 and the website bassettsgroup.co.uk for Bassetts (Wales). If you were given different contact details, use these to check with the firm before going any further.

Is Bassetts (Wales) a scam or clone?

Bassetts (Wales) 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 Bassetts (Wales)?

Protection works through Automotive Compliance Limited, the principal firm responsible for Bassetts (Wales)'s regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.

Who owns Bassetts (Wales)?

Bassetts (Wales) is owned by Bassett Property Holdings Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 6 April 2016.

Who runs Bassetts (Wales)?

Companies House lists 2 directors of Bassetts (Wales): Ioan Harries and Kevin Parry.

How long has Bassetts (Wales) been in business?

The company was formed on 23 January 1995.

What do Bassetts (Wales)’s latest accounts show?

Its latest accounts, to 31 December 2025, show profit before tax of £283k (from a loss of £715k) and total equity of £2.12m (no earlier figure to compare).

Does Bassetts (Wales) use any other names?

It trades as Bassetts Honda Swansea, Bassetts Jaecoo Swansea, Bassetts Omoda Swansea and Fiat Bridgend. It has previously used 4 other names, including Bassetts Honda Bridgend, Bassetts KMG Bridgend and Bassetts KMG Swansea.