David Ridley

Reference number: 215953

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Appointed representative

David Ridley does not hold FCA authorisation of their own, and acts under a principal firm, which is legally responsible for their 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.
  • David Ridley (FRN 215953) is an AR of Openwork Limited (FRN 408285). When you use David Ridley's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from David Ridley, 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

    0191 427 4597

  • Address

    Unit 104, Henry Robson Way, Business Works, South Shields, Tyne and Wear, NE33 1RF, United Kingdom

In the full report: 2 background checks

  • What kind of line 0191 427 4597 is
  • Who else gives the postcode NE33 1RF
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Other names (2)

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

  • Reliance Financial Services Trading name
  • David Ridley Estates and Investment Former trading 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.

Key dates in its history

David Ridley’s history from the FCA register and Companies House, newest first.

Key events (2) All events (5)

2007

27 February 2007

  • Changed its registered name from "Reliance Financial Services"

FCA register

2002

15 July 2002

  • Became an appointed representative

FCA register

In the full report: all 5 events

  • All 5 events in its history (2 shown here)
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Firms like David Ridley

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

In the Newcastle (NE) postcode area

Newcastle Financial Advisers LimitedAppointed representative1894 Private WealthNewcastle upon TyneAppointed representative2mtrustAppointed representativeA & K Financial Management LimitedMorpethAppointed representativeAbacus Wealth Management Group LimitedNewcastleAppointed representativeAFT Wealth Management LtdNewcastle upon TyneAppointed 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 David Ridley

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

  • 2 background checks on its contact details
  • All 5 events in its history

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Frequently asked questions about this firm

Is David Ridley FCA authorised?
David Ridley (FRN 215953) 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 David Ridley?
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. David Ridley (FRN 215953) is an AR of Openwork Limited (FRN 408285). When you use David Ridley's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from David Ridley, 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 David Ridley’s phone number?
The FCA register lists the phone number 0191 427 4597 for David Ridley. If you were given different contact details, use these to check with the firm before going any further.
Is David Ridley a scam or clone?
David Ridley 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 David Ridley?
Protection works through Openwork Limited, the principal firm responsible for David Ridley's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Does David Ridley use any other names?
It trades as Reliance Financial Services. It has previously used the name David Ridley Estates and Investment.

Sources and links

The full report on David Ridley

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