McFarlane Financial Planning Ltd

Reference number: 912474

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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

St. James's Place Wealth Management Plc Reference number: 195351 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.
  • McFarlane Financial Planning Ltd (FRN 912474) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use McFarlane Financial Planning's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from McFarlane Financial Planning, 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 davidmelrosewm.co.uk first appeared online, and whether it can receive email
  • What kind of line 0131 303 0061 is
  • Whether EH3 7NS is a shared office: 52 other firms give it
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Other names (1)

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

  • David Melrose Wealth Management Limited Former name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through St. James's Place Wealth Management PLC, 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
SC635884
Company status
Active
Company type
Private limited company
Incorporated
11 July 2019 (7 years old)
Registered office
3 St. Davids Business Park, Dalgety Bay, Dunfermline, KY11 9PF, Scotland
Nature of business
  • Other activities auxiliary to insurance and pension funding (SIC 66290)

Directors and company secretaries

Name Role Born Appointed Other companies
Michael Mcfarlane Director Nov 1993 6 Mar 2026 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
  • All 2 people who have ever been directors, with their dates
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Filed accounts and finances

9 months to 31 March 2020Small company accountsNot audited

Net assets

£437k

No earlier figure to compare

Cash at bank

£123k

No earlier figure to compare

Employees (average)

3

No earlier figure to compare

Owed within a year

£42.8k

No earlier figure to compare

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 SC635884. 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

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

Key events (9) All events (12)

2026

1 April 2026

  • Changed its registered name from "David Melrose Wealth Management Limited"

FCA register

6 March 2026

  • Board replaced: its only director left and a new director took over
  • David Frederick Melrose gave up control
  • Mae Mills Melrose stopped being a part-owner
  • McFarlane Financial Planning Group Ltd took control (75–100% of shares)

Companies House

2019

13 September 2019

  • Mae Mills Melrose became a part-owner (25–50% of shares)

Companies House

20 August 2019

  • Became an appointed representative

FCA register

11 July 2019

  • Incorporated at Companies House
  • David Frederick Melrose took control (50–75% of shares)

Companies House

In the full report: all 12 events

  • All 12 events in its history (9 shown here)
  • Every director appointment and resignation: 3
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Firms like McFarlane Financial Planning

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

In Edinburgh

Royal College Of Surgeons Of EdinburghEdinburghAppointed representativeAB1 Financial Planning LtdEdinburghAppointed representativeAdam LeechEdinburghAppointed representativeAdrian HangerEdinburghAppointed representativeAlasdair McLeishEdinburghAppointed representativeAlex DockarEdinburghAppointed 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 McFarlane Financial Planning

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, 1 flagged
  • All 12 events in its history

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Frequently asked questions about this firm

Is McFarlane Financial Planning Ltd FCA authorised?
McFarlane Financial Planning Ltd (FRN 912474) 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 McFarlane Financial Planning?
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. McFarlane Financial Planning Ltd (FRN 912474) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use McFarlane Financial Planning's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from McFarlane Financial Planning, 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 McFarlane Financial Planning’s phone number and website?
The FCA register lists the phone number 0131 303 0061 and the website davidmelrosewm.co.uk for McFarlane Financial Planning. If you were given different contact details, use these to check with the firm before going any further.
Is McFarlane Financial Planning a scam or clone?
McFarlane Financial Planning 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 McFarlane Financial Planning?
Protection works through St. James's Place Wealth Management PLC, the principal firm responsible for McFarlane Financial Planning's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns McFarlane Financial Planning?
McFarlane Financial Planning is owned by McFarlane Financial Planning Group Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 6 March 2026. Before that, it was controlled by Mrs Mae Mills Melrose and Mr David Frederick Melrose.
Who runs McFarlane Financial Planning?
Companies House lists one director of McFarlane Financial Planning: Michael McFarlane.
How long has McFarlane Financial Planning been in business?
The company was formed on 11 July 2019.
What do McFarlane Financial Planning’s latest accounts show?
Its latest accounts, to 31 March 2020, show net assets of £437k (no earlier figure to compare) and cash at bank of £123k (no earlier figure to compare).
Does McFarlane Financial Planning use any other names?
It has previously used the name David Melrose Wealth Management Limited.

Sources and links

The full report on McFarlane Financial Planning Ltd

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