Independent Shetland Finance Limited

Reference number: 967668

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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

2 Plan Wealth Management Limited Reference number: 461598 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.
  • Independent Shetland Finance Limited (FRN 967668) is an AR of 2 Plan Wealth Management Limited (FRN 461598). When you use Independent Shetland Finance's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Independent Shetland Finance, 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

    01595 697542

  • Address

    65 Commercial Road, Lerwick, Shetland, ZE1 0NL, United Kingdom

In the full report: 2 background checks

  • What kind of line 01595 697542 is
  • Who else gives the postcode ZE1 0NL
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FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through 2 Plan Wealth Management 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 name
INDEPENDENT SHETLAND FINANCE LTD
Company number
SC500203
Company status
Active
Company type
Private limited company
Incorporated
11 March 2015 (11 years old)
Registered office
65 Commercial Road, Lerwick, Shetland, ZE1 0NL, Scotland
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
David Charles Coles Director Jul 1965 11 Mar 2015 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
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Filed accounts and finances

Year to 31 March 2025Micro-entity accountsNot audited

Net assets

£9,390

−11% from £10.5k

Employees (average)

2

Same as 2

Owed within a year

£24.5k

+17% from £20.9k

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 SC500203. 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

Independent Shetland Finance’s history from the FCA register and Companies House, newest first.

2022

17 January 2022

  • Became an appointed representative
  • Began trading as "Independent Shetland Finance"

FCA register

2016

6 April 2016

  • David Charles Coles took control (75–100% of shares)

Companies House

2015

11 March 2015

  • Incorporated at Companies House
  • David Charles Coles appointed as a director

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms like Independent Shetland Finance

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

In Shetland

Independent Finance (Shetland) LtdShetlandAppointed representative

Elsewhere in the UK

SIX Financial Information UK LimitedLondonAppointed representativeMagellan Investment Partners (UK) LimitedLondonAppointed representativeNcvoAppointed representativeMoonfare UK LimitedLondonAppointed representativeAgw Financial Planning LtdHolmfirthAppointed 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 Independent Shetland Finance

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

  • Every company its directors have run, named
  • 2 background checks on its contact details
  • 6 years of accounts, charted
  • All 5 events in its history

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Frequently asked questions about this firm

Is Independent Shetland Finance Limited FCA authorised?
Independent Shetland Finance Limited (FRN 967668) 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 Independent Shetland Finance?
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. Independent Shetland Finance Limited (FRN 967668) is an AR of 2 Plan Wealth Management Limited (FRN 461598). When you use Independent Shetland Finance's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Independent Shetland Finance, 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 Independent Shetland Finance’s phone number?
The FCA register lists the phone number 01595 697542 for Independent Shetland Finance. If you were given different contact details, use these to check with the firm before going any further.
Is Independent Shetland Finance a scam or clone?
Independent Shetland Finance 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 Independent Shetland Finance?
Protection works through 2 Plan Wealth Management Limited, the principal firm responsible for Independent Shetland Finance's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Independent Shetland Finance?
Companies House lists one person with significant control of Independent Shetland Finance: David Charles Coles (75–100% of shares).
Who runs Independent Shetland Finance?
Companies House lists one director of Independent Shetland Finance: David Charles Coles.
How long has Independent Shetland Finance been in business?
The company was formed on 11 March 2015.
What do Independent Shetland Finance’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £9,390 (−11% from £10.5k).

Sources and links

The full report on Independent Shetland Finance Limited

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