MG Wealth Management Limited

Reference number: 473322

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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.
  • MG Wealth Management Limited (FRN 473322) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use MG Wealth Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from MG Wealth Management, 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, 2 things worth a closer look

  • When markgolesworthy.co.uk first appeared online, and whether it can receive email
  • What kind of line 01883 717766 is
  • Whether WC2B 6UJ is a shared office: 88 other firms give it
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Other names (1)

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

  • MG Wealth Management 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
06378309
Company status
Active
Company type
Private limited company
Incorporated
21 September 2007 (19 years old)
Registered office
C/O Parkes & Swan Ltd The Officers' Mess, Coldstream Road, Caterham, CR3 5QX, England
Nature of business
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Mark James Golesworthy Director Jan 1971 21 Sep 2007 None
Sarah Elizabeth Golesworthy Director Aug 1974 1 Aug 2015 None
Sarah Elizabeth Golesworthy Secretary Not published 21 Sep 2007 –

In the full report: every company its directors have run

  • Confirmation that these 2 directors run no other company
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Filed accounts and finances

Year to 30 September 2025Small company accountsNot audited

Net assets

£74.8k

+415% from £14.5k

Cash at bank

£66.1k

+131% from £28.7k

Employees (average)

5

+25% from 4

Owed within a year

£88.5k

−24% from £116k

Assets and liabilities

In the full report: all 7 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 06378309. 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

MG Wealth Management’s history from the FCA register and Companies House, newest first.

2022

1 March 2022

  • Sarah Elizabeth Golesworthy became a part-owner (25–50% of shares)

Companies House

2016

6 April 2016

  • Mark James Golesworthy became a part-owner (25–50% of shares)

Companies House

2015

1 August 2015

  • Sarah Elizabeth Golesworthy appointed as a director

Companies House

2014

28 October 2014

  • Changed its registered name from "MG Wealth Management"

FCA register

2007

28 September 2007

  • Became an appointed representative

FCA register

21 September 2007

  • Incorporated at Companies House
  • Mark James Golesworthy appointed as a director

Companies House

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

Firms like MG Wealth Management

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

In London

SIX Financial Information UK LimitedLondonAppointed representativeMagellan Investment Partners (UK) LimitedLondonAppointed representativeMoonfare UK LimitedLondonAppointed representativeAlpha FX Institutional LimitedLondonAppointed representativeLCP Capital Solutions LimitedLondonAppointed representativeBrighton Park Capital UK LimitedLondonAppointed 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 MG Wealth Management

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
  • 3 background checks on its contact details, 2 flagged
  • 7 years of accounts, charted
  • All 7 events in its history

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Frequently asked questions about this firm

Is MG Wealth Management Limited FCA authorised?
MG Wealth Management Limited (FRN 473322) 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 MG Wealth Management?
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. MG Wealth Management Limited (FRN 473322) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use MG Wealth Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from MG Wealth Management, 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 MG Wealth Management’s phone number and website?
The FCA register lists the phone number 01883 717766 and the website markgolesworthy.co.uk for MG Wealth Management. If you were given different contact details, use these to check with the firm before going any further.
Is MG Wealth Management a scam or clone?
MG Wealth Management 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 MG Wealth Management?
Protection works through St. James's Place Wealth Management PLC, the principal firm responsible for MG Wealth Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns MG Wealth Management?
Companies House lists 2 people with significant control of MG Wealth Management: Mrs Sarah Elizabeth Golesworthy (25–50% of shares) and Mark James Golesworthy (25–50% of shares).
Who runs MG Wealth Management?
Companies House lists 2 directors of MG Wealth Management: Mark James Golesworthy and Sarah Elizabeth Golesworthy.
How long has MG Wealth Management been in business?
The company was formed on 21 September 2007.
What do MG Wealth Management’s latest accounts show?
Its latest accounts, to 30 September 2025, show net assets of £74.8k (+415% from £14.5k) and cash at bank of £66.1k (+131% from £28.7k).
Does MG Wealth Management use any other names?
It has previously used the name MG Wealth Management.

Sources and links

The full report on MG Wealth Management Limited

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