Compass Personal Finance Ltd

Reference number: 451927

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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

Openwork Limited Reference number: 408285 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.
  • Compass Personal Finance Ltd (FRN 451927) is an AR of Openwork Limited (FRN 408285). When you use Compass Personal Finance's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Compass Personal Finance, 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 compasspersonalfinance.com first appeared online, and whether it can receive email
  • What kind of line 01489 578338 is
  • Who else gives the postcode SO30 2DR
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Other names (2)

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

  • Compass Mortgage Services Former name
  • Compass Personal Finance Former name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Openwork 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
13463900
Company status
Active
Company type
Private limited company
Incorporated
18 June 2021 (5 years old)
Registered office
Unit 4 Basepoint, Andersons Road, Southampton, SO14 5FE, England
Nature of business
  • Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)

Directors and company secretaries

Name Role Born Appointed Other companies
Simon James Ellis Director Sep 1974 18 Jun 2021 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
still active
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
  • All 2 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 June 2026Small company accountsNot audited

Net assets

£6,716

Up £6,530 from £186

Cash at bank

£15.9k

Up £15.3k from £636

Employees (average)

2

Same as 2

Owed within a year

£9,392

+44% from £6,526

Net assets

In the full report: all 5 years of accounts

  • Every year from 2022 to 2026
  • 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 13463900. Figures are exactly as filed; nothing is estimated.

Key dates in its history

Compass Personal Finance’s history from the FCA register and Companies House, newest first.

Key events (8) All events (12)

2023

30 November 2023

  • David Edward Mills stopped being a part-owner
  • Nicola Jane Ellis became a part-owner (25–50% of shares)

Companies House

2021

8 August 2021

  • Changed its registered name from "Compass Personal Finance"

FCA register

18 June 2021

  • Incorporated at Companies House
  • David Edward Mills became a part-owner (25–50% of shares)
  • Simon James Ellis became a part-owner (25–50% of shares)

Companies House

2009

7 August 2009

  • Changed its registered name from "Compass Mortgage Services"

FCA register

2006

15 May 2006

  • Became an appointed representative

FCA register

In the full report: all 12 events

  • All 12 events in its history (8 shown here)
  • Every director appointment and resignation: 3
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Firms like Compass Personal Finance

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

In Southampton

Alisha RamazannezhadSouthamptonAppointed representativeBligh Financial Management LtdSouthamptonAppointed representativeBritstone Finance LtdSouthamptonAppointed representativeClinton Kennard Associates LtdSouthamptonAppointed representativeColin ChandlerSouthamptonAppointed representativeDebra GarnerSouthamptonAppointed 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 Compass Personal Finance

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
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 12 events in its history

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Frequently asked questions about this firm

Is Compass Personal Finance Ltd FCA authorised?
Compass Personal Finance Ltd (FRN 451927) 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 Compass Personal Finance?
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. Compass Personal Finance Ltd (FRN 451927) is an AR of Openwork Limited (FRN 408285). When you use Compass Personal Finance's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Compass Personal Finance, 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 Compass Personal Finance’s phone number and website?
The FCA register lists the phone number 01489 578338 and the website compasspersonalfinance.com for Compass Personal Finance. If you were given different contact details, use these to check with the firm before going any further.
Is Compass Personal Finance a scam or clone?
Compass Personal Finance 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 Compass Personal Finance?
Protection works through Openwork Limited, the principal firm responsible for Compass Personal Finance's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Compass Personal Finance?
Companies House lists 2 people with significant control of Compass Personal Finance: Mrs Nicola Jane Ellis (25–50% of shares) and Mr Simon James Ellis (25–50% of shares). Before that, it was controlled by Mr David Edward Mills.
Who runs Compass Personal Finance?
Companies House lists one director of Compass Personal Finance: Simon James Ellis.
How long has Compass Personal Finance been in business?
The company was formed on 18 June 2021.
What do Compass Personal Finance’s latest accounts show?
Its latest accounts, to 30 June 2026, show net assets of £6,716 (up £6,530 from £186) and cash at bank of £15.9k (up £15.3k from £636).
Does Compass Personal Finance use any other names?
It has previously used 2 other names: Compass Mortgage Services and Compass Personal Finance.

Sources and links

The full report on Compass Personal Finance Ltd

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