City Financial No1 Limited

Reference number: 918470

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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.

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.
  • CITY FINANCIAL NO1 LIMITED (FRN 918470) is an AR of Connect IFA Ltd (FRN 441505). When you use CITY FINANCIAL NO1's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from CITY FINANCIAL NO1, 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.

  • No website on the FCA register

  • Phone number

    029 2046 5300

  • Address

    1A Harriet Street, Cardiff, Cardiff, CF24 4BU, United Kingdom

In the full report: 2 background checks

  • What kind of line 029 2046 5300 is
  • Who else gives the postcode CF24 4BU
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FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Connect IFA Ltd, 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 status
Active
Company type
Private limited company
Incorporated
12 October 2019 (7 years old)
Registered office
1a Harriet Street, Cardiff, CF24 4BU, Wales
Nature of business
  • Activities of mortgage finance companies (SIC 64922)
  • Financial management (SIC 70221)

Directors and company secretaries

Name Role Born Appointed Other companies
Amjad Khan Director Feb 1986 12 Oct 2019 1 other company

Other companies run by its director

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 company
1
closed down
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
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Filed accounts and finances

Year to 31 October 2025Small company accountsNot audited

Net assets

£59.6k

+79% from £33.3k

Cash at bank

£43.7k

+489% from £7,418

Employees (average)

1

Same as 1

Owed within a year

£5,713

+114% from £2,671

Assets and liabilities

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 12259178. 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

City Financial No1’s history from the FCA register and Companies House, newest first.

2019

18 December 2019

  • Became an appointed representative
  • Began trading as "CITY FINANCIAL NO1"

FCA register

12 October 2019

  • Incorporated at Companies House
  • Amjad Khan took control (75–100% of shares)
  • Amjad Khan appointed as a director

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms like City Financial No1

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

In Cardiff

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 City Financial No1

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

  • 1 other company its directors have run, named
  • 2 background checks on its contact details
  • 6 years of accounts, charted
  • All 5 events in its history

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Frequently asked questions about this firm

Is City Financial No1 Limited FCA authorised?
City Financial No1 Limited (FRN 918470) 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 City Financial No1?
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. City Financial No1 Limited (FRN 918470) is an AR of Connect IFA Ltd (FRN 441505). When you use City Financial No1's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from City Financial No1, 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 City Financial No1’s phone number?
The FCA register lists the phone number 029 2046 5300 for City Financial No1. If you were given different contact details, use these to check with the firm before going any further.
Is City Financial No1 a scam or clone?
City Financial No1 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 City Financial No1?
Protection works through Connect IFA Ltd, the principal firm responsible for City Financial No1's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns City Financial No1?
Companies House lists one person with significant control of City Financial No1: Mr Amjad Khan (75–100% of shares).
Who runs City Financial No1?
Companies House lists one director of City Financial No1: Amjad Khan.
How long has City Financial No1 been in business?
The company was formed on 12 October 2019.
What do City Financial No1’s latest accounts show?
Its latest accounts, to 31 October 2025, show net assets of £59.6k (+79% from £33.3k) and cash at bank of £43.7k (+489% from £7,418).

Sources and links

The full report on City Financial No1 Limited

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