LaSource Automotive Limited

Reference number: 1048538

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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.

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.
  • LaSource Automotive Limited (FRN 1048538) introduces customers to FAM UK CONSULTANCY LTD (FRN 1002940). Any regulated advice or arranging is done by the principal, not LaSource Automotive.
  • Example: if LaSource Automotive refers you to a financial adviser, the advice should come from the principal firm, not from LaSource Automotive 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.

In the full report: 3 background checks

  • When lasource.co.uk first appeared online, and whether it can receive email
  • What kind of line 07554 499480 is
  • Who else gives the postcode PE11 1TB
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Other names (1)

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

  • LaSource Trading name: A name it trades under now.

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Fam UK Consultancy Ltd, 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 status
Active
Company type
Private limited company
Incorporated
28 January 2019 (7 years old)
Registered office
Bank House, Broad Street, Spalding, PE11 1TB, United Kingdom
Nature of business
  • Sale of new cars and light motor vehicles (SIC 45111)
  • Sale of used cars and light motor vehicles (SIC 45112)

Directors and company secretaries

Name Role Born Appointed Other companies
James Michael Banks Director Oct 1977 28 Jan 2019 1 other company

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 company
1
still active
1

In the full report: all 1 company, 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 January 2025Small company accountsNot audited

Net assets

£142k

+350% from £31.5k

Cash at bank

£169k

+409% from £33.2k

Employees (average)

1

Same as 1

Owed within a year

£114k

Up £110k from £4,213

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 11790513. 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

LaSource Automotive’s history from the FCA register and Companies House, newest first.

2026

27 January 2026

  • Became an introducer appointed representative

FCA register

2025

31 July 2025

  • James Michael Banks gave up control

Companies House

2019

14 March 2019

  • J.W.E. Banks Limited gave up control
  • James Michael Banks took control (75–100% of shares)

Companies House

28 January 2019

  • Incorporated at Companies House
  • J.W.E. Banks Limited took control (75–100% of shares)

Companies House

In the full report: all 9 events

  • All 9 events in its history (6 shown here)
  • Every director appointment and resignation: 2
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Firms like LaSource Automotive

Other firms of the same type (car dealer), nearest first.

In Spalding

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 LaSource Automotive

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

  • 1 other company its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 9 events in its history

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Frequently asked questions about this firm

Is LaSource Automotive Limited FCA authorised?
LaSource Automotive Limited (FRN 1048538) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does introducer appointed representative mean for LaSource Automotive?
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. LaSource Automotive Limited (FRN 1048538) introduces customers to FAM UK CONSULTANCY LTD (FRN 1002940). Any regulated advice or arranging is done by the principal, not LaSource Automotive. Example: if LaSource Automotive refers you to a financial adviser, the advice should come from the principal firm, not from LaSource Automotive 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.
What is LaSource Automotive’s phone number and website?
The FCA register lists the phone number 07554 499480 and the website lasource.co.uk for LaSource Automotive. If you were given different contact details, use these to check with the firm before going any further.
Is LaSource Automotive a scam or clone?
LaSource Automotive 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 LaSource Automotive?
Protection works through Fam UK Consultancy Ltd, the principal firm responsible for LaSource Automotive's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns LaSource Automotive?
Companies House lists one person with significant control of LaSource Automotive: Mr James Michael Banks (75–100% of shares). Before that, it was controlled by James Michael Banks and J.W.E. Banks Limited.
Who runs LaSource Automotive?
Companies House lists one director of LaSource Automotive: James Michael Banks.
How long has LaSource Automotive been in business?
The company was formed on 28 January 2019.
What do LaSource Automotive’s latest accounts show?
Its latest accounts, to 31 January 2025, show net assets of £142k (+350% from £31.5k) and cash at bank of £169k (+409% from £33.2k).
Does LaSource Automotive use any other names?
It trades as LaSource.

Sources and links

The full report on LaSource Automotive Limited

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