Melrose Wemyss Associates Limited

Reference number: 826409

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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

Openwork Limited Reference number: 408285 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.
  • Melrose Wemyss Associates Limited (FRN 826409) is an AR of Openwork Limited (FRN 408285). When you use Melrose Wemyss Associates's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Melrose Wemyss Associates, 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

  • When mwassocites.net first appeared online, and whether it can receive email
  • What kind of line 0141 339 1176 is
  • Who else gives the postcode PA1 1JS
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FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Openwork 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 number
SC607959
Company status
Active
Company type
Private limited company
Incorporated
12 September 2018 (8 years old)
Registered office
Abbey Mill Business Centre Mile End Mill, 12 Seedhill Road, Paisley, PA1 1JS, United Kingdom
Nature of business
  • Activities of mortgage finance companies (SIC 64922)
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Paul Bestford Director Jul 1986 26 Mar 2024 2 other companies
Ewan Alistair Brown Director Feb 1981 26 Mar 2024 2 other companies
Claire Louise Collins Director Apr 1985 26 Mar 2024 2 other companies

Other companies run by these 3 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
4
still active
4
run together
1

In the full report: all 4 companies, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 1 company these 3 directors run together
  • All 5 people who have ever been directors, with their dates
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Filed accounts and finances

15 months to 31 March 2025Small company accountsNot audited

Net assets

£63.6k

+14% from £55.7k

Cash at bank

£11.6k

−77% from £49.7k

Employees (average)

4

Same as 4

Owed within a year

£37.3k

+48% from £25.3k

Assets and liabilities

In the full report: all 6 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 SC607959. 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

Melrose Wemyss Associates’s history from the FCA register and Companies House, newest first.

Key events (8) All events (15)

2024

26 March 2024

  • Board replaced: both directors left and 3 new directors took over
  • Donna Melrose stopped being a part-owner
  • Penelope Frances Wemyss stopped being a part-owner
  • Three Financial Services Ltd took control (75–100% of shares)

Companies House

2018

19 November 2018

  • Became an appointed representative

FCA register

12 September 2018

  • Incorporated at Companies House
  • Donna Melrose became a part-owner (25–50% of shares)
  • Penelope Frances Wemyss became a part-owner (25–50% of shares)

Companies House

In the full report: all 15 events

  • All 15 events in its history (8 shown here)
  • Every director appointment and resignation: 7
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Firms connected to Melrose Wemyss Associates

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

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Melrose Wemyss Associates

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

In the Paisley (PA) postcode area

Advanced Financial Strategies LtdPaisleyAppointed representativeArgyll Wealth Consultants LimitedLochgilpheadAppointed representativeCK Financial Advisory LtdGreenockAppointed representativeClear Financial Planning LtdPaisleyAppointed representativeCNB Wealth Management LimitedPaisleyAppointed representativeConexus Wealth LimitedGourockAppointed 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 Melrose Wemyss Associates

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

  • 4 other companies its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 15 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Melrose Wemyss Associates Limited FCA authorised?
Melrose Wemyss Associates Limited (FRN 826409) 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 Melrose Wemyss Associates?
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. Melrose Wemyss Associates Limited (FRN 826409) is an AR of Openwork Limited (FRN 408285). When you use Melrose Wemyss Associates's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Melrose Wemyss Associates, 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 Melrose Wemyss Associates’ phone number and website?
The FCA register lists the phone number 0141 339 1176 and the website mwassocites.net for Melrose Wemyss Associates. If you were given different contact details, use these to check with the firm before going any further.
Is Melrose Wemyss Associates a scam or clone?
Melrose Wemyss Associates 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 Melrose Wemyss Associates?
Protection works through Openwork Limited, the principal firm responsible for Melrose Wemyss Associates's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Melrose Wemyss Associates?
Melrose Wemyss Associates is owned by Three Financial Services Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 26 March 2024. Before that, it was controlled by Miss Donna Melrose and Miss Penelope Frances Wemyss.
Who runs Melrose Wemyss Associates?
Companies House lists 3 directors of Melrose Wemyss Associates: Paul Bestford, Ewan Alistair Brown and Claire Louise Collins.
How long has Melrose Wemyss Associates been in business?
The company was formed on 12 September 2018.
What do Melrose Wemyss Associates’ latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £63.6k (+14% from £55.7k) and cash at bank of £11.6k (−77% from £49.7k).

Sources and links

The full report on Melrose Wemyss Associates Limited

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