Draper Tools Limited: FCA regulated?

Introducer appointed representative

This firm can only introduce you to its principal, and cannot give financial advice, recommend products, or arrange deals alone.

Appointed for 5 years
Protected through the principal
No FCA actions
Active company since 1956

Responsible principal firm

Cycle Solutions (Cycle to Work) Limited Reference number: 722968 Authorised View firm →

What does this mean?

An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own.
Draper Tools Limited (FRN 957419) introduces customers to Cycle Solutions (Cycle to Work) Limited (FRN 722968). Any regulated advice or arranging is done by the principal, not Draper Tools.
Example: if Draper Tools refers you to a financial adviser, the advice should come from the principal firm, not from Draper Tools itself.
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

drapertools.com (opens in a new tab)
Phone number

023 8026 6355
Address

Draper Tools Limited, Hursley Road, Chandler's Ford, Eastleigh, Hampshire, Hampshire, SO53 1YF, United Kingdom

In the full report: 3 background checks

When drapertools.com first appeared online, and whether it can receive email
What kind of line 023 8026 6355 is
Who else gives the postcode SO53 1YF

FCA permissions and consumer protection

Protection through the principal firm
Protection works through Cycle Solutions (Cycle to Work) 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: 00570630 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 23 August 1956 (70 years old)
Registered office: Draper Tools Limited, Hursley Road, Chandler's Ford, Eastleigh, Hampshire, SO53 1YF
Nature of business: Wholesale of machine tools (SIC 46620)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Joseph Daniel Draper	Director	Apr 1987	10 Jan 2014	5 other companies
Thomas Edward Draper	Director	Dec 1984	10 Jan 2014	6 other companies
Matthew James Boschi	Director	Nov 1970	1 Sep 2020	None
Matthew Sheen	Director	Jun 1976	4 Jan 2023	1 other company
Mark David Broughton	Director	Oct 1979	1 Jan 2024	2 other companies
Simon Del-Nevo	Director	Aug 1970	1 Aug 2026	5 other companies
John Norman Draper	Director	Jun 1950	Not published	3 other companies
Thomas Edward Draper	Secretary	Not published	31 Jan 2023	–

Other companies run by these 7 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: 13
closed down: 3
run together: 5

In the full report: all 13 companies, named

What each company does, and whether it is still trading
Which of these 7 directors sit on each board, and since when
Any that went into liquidation or administration
The 5 companies these 7 directors run together
All 18 people who have ever been directors, with their dates

Key dates in its history

Draper Tools’s history from the FCA register and Companies House, newest first.

Key events (3) All events (29)

2021

25 August 2021

Became an introducer appointed representative

FCA register

2016

6 April 2016

The Draper Tool Group Limited took control (75–100% of shares)

Companies House

1956

23 August 1956

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: 26

Get the full report on Draper Tools

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

13 other companies its directors have run, named
3 background checks on its contact details
All 29 events in its history

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Frequently asked questions about this firm

Is Draper Tools Limited FCA authorised?

Draper Tools Limited (FRN 957419) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.

What does introducer appointed representative mean for Draper Tools?

An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own. Draper Tools Limited (FRN 957419) introduces customers to Cycle Solutions (Cycle to Work) Limited (FRN 722968). Any regulated advice or arranging is done by the principal, not Draper Tools. Example: if Draper Tools refers you to a financial adviser, the advice should come from the principal firm, not from Draper Tools itself. 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 Draper Tools’ phone number and website?

The FCA register lists the phone number 023 8026 6355 and the website drapertools.com for Draper Tools. If you were given different contact details, use these to check with the firm before going any further.

Is Draper Tools a scam or clone?

Draper Tools 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 Draper Tools?

Protection works through Cycle Solutions (Cycle to Work) Limited, the principal firm responsible for Draper Tools's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.

Who owns Draper Tools?

Draper Tools is owned by The Draper Tool Group Limited, which holds 75–100% of shares, since 6 April 2016.

Who runs Draper Tools?

Companies House lists 7 directors of Draper Tools: Joseph Daniel Draper, Thomas Edward Draper, Matthew James Boschi, Matthew Sheen, Mark David Broughton, Simon Del-Nevo and 1 more.

How long has Draper Tools been in business?

The company was formed on 23 August 1956.