Initial Finance Limited

Reference number: 661151

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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.

  • No website on the FCA register

  • Phone number

    0330 822 8394

  • Address

    Grosvenor House, Basing View, Basingstoke, Hampshire, RG21 4HG, United Kingdom

In the full report: 2 background checks

  • What kind of line 0330 822 8394 is, and the other firm that gives it
  • Who else gives the postcode RG21 4HG
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Other names (4)

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

  • City West Finance Trading name
  • In Control Finance Trading name
  • Initial Credit Trading name
  • Initial Loans Trading name

FCA permissions and consumer protection

  • 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 (3 permissions)
  • Administering a regulated mortgage contract
  • Entering into a regulated mortgage contract as lender
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)

Limits on what they may do

  • Not permitted to canvass off trade premises
    The firm is not permitted to canvass regulated borrower-lender-supplier agreements or regulated consumer hire agreements off trade premises

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
07019168
Company status
Active
Company type
Private limited company
Incorporated
15 September 2009 (17 years old)
Registered office
Grosvenor House, Basing View, Basingstoke, RG21 4HG, England
Nature of business
  • Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors (SIC 64921)

Directors and company secretaries

Name Role Born Appointed Other companies
Harry Jamieson Cummine Director Mar 1949 5 Aug 2010 14 other companies
Andrew Gregory Cummine Director Feb 1984 16 Aug 2012 6 other companies
Ian Stephen Cummine Director Jun 1953 1 Oct 2021 29 other companies
Richard Ian Cummine Director Aug 1986 30 Jun 2026 1 other company
Harry Jamieson Cummine Secretary Not published 19 May 2011 –

Other companies run by these 4 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
38
closed down
27
is FCA-registered
1

In the full report: all 38 companies, named

  • What each company does, and whether it is still trading
  • Which of these 4 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register
  • The 8 companies these 4 directors run together
  • All 8 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 September 2025Small company accountsNot audited

Net assets

−£46.6k

Down £21.0k from −£25.6k

Cash at bank

£60.3k

+114% from £28.2k

Employees (average)

0

Same as 0

Owed within a year

£303k

+20% from £253k

Net assets are negative: on its last balance sheet the company owed £46.6k more than it owned.

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 07019168. 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

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

Key events (14) All events (33)

2021

30 November 2021

  • Harry Jamieson Cummine stopped being a part-owner
  • Pauline Lesley Cummine stopped being a part-owner

Companies House

29 November 2021

  • Mark Christopher Cooke became a part-owner (25–50% of shares)
  • Mark Christopher Cooke stopped being a part-owner

Companies House

19 October 2021

  • Andrew Gregory Cummine became a part-owner (25–50% of shares)
  • Andrew Gregory Cummine stopped being a part-owner
  • Ian Stephen Cummine became a part-owner (25–50% of shares)
  • Ian Stephen Cummine stopped being a part-owner

Companies House

2016

1 September 2016

  • Harry Jamieson Cummine became a part-owner (25–50% of shares)

Companies House

6 April 2016

  • Pauline Lesley Cummine became a part-owner (25–50% of shares)

Companies House

2015

15 June 2015

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Not permitted to canvass off trade premises)
  • Became authorised by the FCA

FCA register

2009

15 September 2009

  • Incorporated at Companies House

Companies House

In the full report: all 33 events

  • All 33 events in its history (14 shown here)
  • Every director appointment and resignation: 12
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Firms connected to Initial Finance

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

connected firm
1
share a director
1
share its phone number
1

In the full report: the connected firm, named

  • How it is linked: shared directors (1), the same phone number (1), the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Initial Finance

Other firms of the same type (mortgage lender), nearest first.

In Basingstoke

Lesley, Stephen & Co. LimitedBasingstokeAuthorisedBridgefast Management LimitedBasingstokeAuthorised

In the Reading (RG) postcode area

Paratus AMC LimitedBracknellAuthorised

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 Initial Finance

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

  • 38 other companies its directors have run, named
  • 2 background checks on its contact details
  • 6 years of accounts, charted
  • All 33 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Initial Finance Limited FCA authorised?
Yes, Initial Finance Limited (FRN 661151) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since June 2015 and works as a mortgage lender. The FCA has placed a limit on what it may do.
What is Initial Finance’s phone number?
The FCA register lists the phone number 0330 822 8394 for Initial Finance. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by one other FCA firm.
Is Initial Finance a scam or clone?
Initial 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 Initial Finance?
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 Initial Finance to the Financial Ombudsman Service, free of charge.
Who owns Initial Finance?
Companies House lists no one with significant control of Initial Finance now. Before that, it was controlled by Mr Harry Jamieson Cummine, Mrs Pauline Lesley Cummine and Mr Mark Christopher Cooke.
Who runs Initial Finance?
Companies House lists 4 directors of Initial Finance: Harry Jamieson Cummine, Andrew Gregory Cummine, Ian Stephen Cummine and Richard Ian Cummine.
How long has Initial Finance been in business?
The company was formed on 15 September 2009, and has held its current FCA authorisation since June 2015.
What do Initial Finance’s latest accounts show?
Its latest accounts, to 30 September 2025, show net assets of −£46.6k (down £21.0k from −£25.6k) and cash at bank of £60.3k (+114% from £28.2k).
Does Initial Finance use any other names?
It trades as City West Finance, In Control Finance, Initial Credit and Initial Loans.

Sources and links

The full report on Initial Finance Limited

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