Financial Advisor Limited

Reference number: 216400

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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.
  • Financial Advisor Limited (FRN 216400) is an AR of Openwork Limited (FRN 408285). When you use Financial Advisor's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Financial Advisor, 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, 1 thing worth a closer look

  • When cannongatewealth.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 8054 2129 is
  • Who else gives the postcode EC4N 6NP
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Other names (5)

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

  • Cannongate Wealth Trading name
  • Tutumo Trading name
  • Stephen Arthur Philpot Former name
  • Stephen Philpot Former name
  • Financialadvisers4u 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.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
06539331
Company status
Active
Company type
Private limited company
Incorporated
19 March 2008 (18 years old)
Registered office
C/O Dk Group Suite T2, Bates Business Centre, Church Road, Harold Wood, Essex, RM3 0JF, England
Nature of business
  • Life insurance (SIC 65110)

Directors and company secretaries

Name Role Born Appointed Other companies
Michael Stephen Philpot Director Mar 1988 4 Jun 2022 3 other companies

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 companies
3
closed down
2
still active
1

In the full report: all 3 companies, 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 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Micro-entity accountsNot audited

Net assets

£10

−100% from £84.6k

Employees (average)

4

+33% from 3

Owed within a year

£27.4k

−7.7% from £29.7k

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 06539331. 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

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

Key events (8) All events (17)

2025

1 April 2025

  • Financial Advisor Services Ltd took control (75–100% of votes)

Companies House

31 March 2025

  • Michael Stephen Philpot took control (75–100% of votes)
  • Stephen Arthur Philpot gave up control

Companies House

2016

6 April 2016

  • Stephen Arthur Philpot took control (75–100% of shares)

Companies House

2008

13 May 2008

  • Changed its registered name from "Stephen Arthur Philpot"

FCA register

19 March 2008

  • Incorporated at Companies House

Companies House

2007

11 April 2007

  • Changed its registered name from "Stephen Philpot"

FCA register

2002

15 July 2002

  • Became an appointed representative

FCA register

In the full report: all 17 events

  • All 17 events in its history (8 shown here)
  • Every director appointment and resignation: 3
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Firms like Financial Advisor

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

In London

SIX Financial Information UK LimitedLondonAppointed representativeMagellan Investment Partners (UK) LimitedLondonAppointed representativeMoonfare UK LimitedLondonAppointed representativeAlpha FX Institutional LimitedLondonAppointed representativeLCP Capital Solutions LimitedLondonAppointed representativeBrighton Park Capital UK LimitedLondonAppointed 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 Financial Advisor

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, 1 flagged
  • 6 years of accounts, charted
  • All 17 events in its history

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Frequently asked questions about this firm

Is Financial Advisor Limited FCA authorised?
Financial Advisor Limited (FRN 216400) 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 Financial Advisor?
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. Financial Advisor Limited (FRN 216400) is an AR of Openwork Limited (FRN 408285). When you use Financial Advisor's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Financial Advisor, 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 Financial Advisor’s phone number and website?
The FCA register lists the phone number 020 8054 2129 and the website cannongatewealth.co.uk for Financial Advisor. If you were given different contact details, use these to check with the firm before going any further.
Is Financial Advisor a scam or clone?
Financial Advisor 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 Financial Advisor?
Protection works through Openwork Limited, the principal firm responsible for Financial Advisor's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Financial Advisor?
Financial Advisor is owned by Financial Advisor Services Ltd, which holds 75–100% of votes, since 1 April 2025. Before that, it was controlled by Mr Stephen Arthur Philpot.
Who runs Financial Advisor?
Companies House lists one director of Financial Advisor: Michael Stephen Philpot.
How long has Financial Advisor been in business?
The company was formed on 19 March 2008.
What do Financial Advisor’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £10 (−100% from £84.6k).
Does Financial Advisor use any other names?
It trades as Cannongate Wealth and Tutumo. It has previously used 3 other names: Stephen Arthur Philpot, Stephen Philpot and Financialadvisers4u.

Sources and links

The full report on Financial Advisor Limited

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