Favsco 23 Ltd
Reference number: 1020881
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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 2 years
- Protected through the principal
- No FCA actions
- Active company since 2023
- Accounts filed up to 31 December 2025
Responsible principal firm
Global Property Ventures Limited Reference number: 797026 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.
- FAVSCO 23 LTD (FRN 1020881) introduces customers to Global Property Ventures Limited (FRN 797026). Any regulated advice or arranging is done by the principal, not FAVSCO 23.
- Example: if FAVSCO 23 refers you to a financial adviser, the advice should come from the principal firm, not from FAVSCO 23 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.
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Phone number
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Address
5, Brooklands Place, Brooklands Road, Sale, Trafford, M33 3SD, United Kingdom
In the full report: 3 background checks
- When reedsrains.co.uk first appeared online, and whether it can receive email
- What kind of line 0161 962 4548 is
- Who else gives the postcode M33 3SD
Other names (1)
If you were contacted under any of these names, it is this firm.
- Reeds Rains Trading name: A name it trades under now.
FCA permissions and consumer protection
- Protection through the principal firmProtection works through Global Property Ventures 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, freeYou 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
- 14709182 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 6 March 2023 (3 years old)
- Registered office
- 5 Brooklands Place, Brooklands Road, Sale, Cheshire, M33 3SD, United Kingdom
- Nature of business
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- Real estate agencies (SIC 68310)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Nigel Andrew Favas | Director | Apr 1956 | 6 Mar 2023 | 3 other companies |
| Kevin Beastall | Director | May 1969 | 2 May 2023 | None |
| William John Wetherell | Director | May 1966 | 2 May 2023 | None |
Other companies run by these 3 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
- 3
- still active
- 3
- are FCA-registered
- 2
In the full report: all 3 companies, named
- What each company does, and whether it is still trading
- Which of these 3 directors sit on each board, and since when
- Any that went into liquidation or administration
- The 2 on the FCA register
Filed accounts and finances
Turnover
£22.2m
+10% from £20.2m
Profit before tax
£2.54m
+74% from £1.46m
Net assets
£2.37m
+111% from £1.12m
Cash at bank
£2.82m
+66% from £1.70m
Turnover and profit
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 14709182. 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
Favsco 23’s history from the FCA register and Companies House, newest first.
2024
23 October 2024
- Became an introducer appointed representative
FCA register
2023
6 March 2023
- Incorporated at Companies House
- Nigel Andrew Favas took control (75–100% of shares)
Companies House
In the full report: all 7 events
- All 7 events in its history (3 shown here)
- Every director appointment and resignation: 3
Firms connected to Favsco 23
Other FCA-listed firms that share a director, phone number or address with Favsco 23. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 4
- share a director
- 1
- share its postcode
- 3
In the full report: all 4 connected firms, named
- How each is linked: shared directors (1), the same postcode (3)
- Who links each one: the named directors, with dates
- 1 past link through former directors
Firms like Favsco 23
Other firms of the same type (insurance broker), nearest first.
In Sale
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 Favsco 23
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 3 other companies its directors have run, named
- 3 background checks on its contact details
- All 7 events in its history
- 4 connected firms, named, and who links them
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Frequently asked questions about this firm
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Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk