ILM Financial Limited

Reference number: 526994

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

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 ilmfinancial.co.uk first appeared online, and whether it can receive email
  • What kind of line 0141 221 4631 is
  • Who else gives the postcode G3 7RH
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FCA permissions and consumer protection

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Advise on or arrange mortgages FSCS may apply
    Mortgage advice and arranging may be FSCS-covered, up to the limit that applies.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (12 permissions)
  • Acting as a CBTL advisor
  • Acting as a CBTL arranger
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Advising on Pension Transfers and Pension Opt Outs
  • Advising on regulated mortgage contracts
  • Arranging (bringing about) deals in investments
  • Arranging (bringing about) regulated mortgage contracts
  • Credit Broking
  • Debt-counselling
  • Making arrangements with a view to regulated mortgage contracts
  • Making arrangements with a view to transactions in investments
One supervisory condition set by the FCA

These are conditions the FCA places on the firm itself, covering things like capital it must hold and what it must report. They do not change what the firm may do for you.

  • The Firm must cease providing advice on or arranging transactions in relation to investment bonds for new clients, and must not in any way dispose of, withdraw, lend, transfer, deal with or diminish the value of its own capital or assets.
    Restrictions on regulated activities 1. The Firm must not, without prior written consent of the FCA: (1) Take on new clients for the purpose of providing advice on or arranging transactions in relation to investment bonds; and (2) Provide advice on or arrange transactions for existing clients in relation to investment bonds unless the advice has been checked and assessed by the Third Party to be suitable advice prior to the client’s agreement to the transaction. Assets restriction 2. Save as set out at paragraph 3 below, the Firm must not, without the prior written consent of the FCA, take any action which as the effect of disposing of, withdrawing, lending, transferring, dealing with, or diminishing the value of any assets it holds or receives for itself or on behalf of another (whether in the United Kingdom or elsewhere). Only the Firm can seek such written consent from the FCA (any such request to be accompanied by appropriate supporting evidence) pursuant to the terms of this Requirement. 3. The assets restriction in paragraph 2 does not apply to: (1) Transactions giving effect to instructions initiated by clients; (2) Payments of funds to the Firm’s suppliers in the ordinary course of business and in satisfaction of the Firm’s contractual and legal obligations; (3) Usual and proper salary payments made by the Firm; (4) Payments of funds in accordance with any award or direction made by the Financial Ombudsman Service; (5) Payments to professional advisors;

FCA disciplinary action

Companies House record

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

Company number
SC374493
Company status
Active
Company type
Private limited company
Incorporated
9 March 2010 (16 years old)
Registered office
2 Fitzroy Place, Glasgow, G3 7RH, Scotland
Nature of business
  • Life insurance (SIC 65110)
  • Pension funding (SIC 65300)

Directors and company secretaries

Name Role Born Appointed Other companies
Peter Davison Director Feb 1964 9 Mar 2010 2 other companies
Elizabeth Davison Secretary Not published 9 Mar 2010 –

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
2
closed down
2

In the full report: all 2 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
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Filed accounts and finances

Year to 31 August 2025Micro-entity accountsNot audited

Net assets

£175k

−31% from £256k

Employees (average)

5

Same as 5

Owed within a year

£23.6k

−44% from £42.4k

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2019 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 SC374493. 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

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

Key events (8) All events (12)

2026

5 January 2026

  • FCA ordered a customer compensation scheme

FCA register

2025

24 February 2025

  • FCA imposed a requirement (The Firm must cease providing advice on or arranging transactions in relation to investment bonds for new clients, and must not in any way dispose of, withdraw, lend, transfer, deal with or diminish the value of its own capital or assets.)

FCA register

2016

6 April 2016

  • Eilzabeth Davison became a part-owner (25–50% of shares)
  • Peter Davison became a part-owner (25–50% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2010

1 October 2010

  • Became authorised by the FCA

FCA register

22 September 2010

  • Regulated by the Financial Services Authority from this date

FCA register

9 March 2010

  • Incorporated at Companies House

Companies House

In the full report: all 12 events

  • All 12 events in its history (8 shown here)
  • Every director appointment and resignation: 1
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Firms connected to ILM Financial

Other FCA-listed firms that share a director, phone number or address with ILM Financial. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
5
share its postcode
5

In the full report: all 5 connected firms, named

  • How each is linked: the same postcode (5)
  • Who links each one: the named directors, with dates
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Firms like ILM Financial

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

In Glasgow

Advanced Asset Consultants LimitedGlasgowAuthorisedAdvanta Direct LtdGlasgowAuthorisedAlistair Craig Financial Services LtdGlasgowAuthorisedAml Associates Financial Services Ltd.GlasgowAuthorisedAvoca Wealth Management LtdGlasgowAuthorisedBegley Brown Financial Solutions Ltd.GlasgowAuthorised

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 ILM Financial

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

  • 2 other companies its directors have run, named
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 12 events in its history
  • 5 connected firms, named, and who links them

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Frequently asked questions about this firm

Is ILM Financial Limited FCA authorised?
Yes, ILM Financial Limited (FRN 526994) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since October 2010 and works as a financial adviser. The FCA has placed no limits on its permissions.
What is ILM Financial’s phone number and website?
The FCA register lists the phone number 0141 221 4631 and the website ilmfinancial.co.uk for ILM Financial. If you were given different contact details, use these to check with the firm before going any further.
Is ILM Financial a scam or clone?
ILM Financial 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 ILM Financial?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about ILM Financial to the Financial Ombudsman Service, free of charge.
Who owns ILM Financial?
Companies House lists 2 people with significant control of ILM Financial: Mr Peter Davison (25–50% of shares) and Mrs Eilzabeth Davison (25–50% of shares).
Who runs ILM Financial?
Companies House lists one director of ILM Financial: Peter Davison.
How long has ILM Financial been in business?
The company was formed on 9 March 2010, and has held its current FCA authorisation since October 2010.
What do ILM Financial’s latest accounts show?
Its latest accounts, to 31 August 2025, show net assets of £175k (−31% from £256k).

Sources and links

The full report on ILM Financial Limited

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