MGL Wealth Management Ltd

Reference number: 747547

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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.
  • MGL Wealth Management Ltd (FRN 747547) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use MGL Wealth Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from MGL 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

  • When mglwealthmanagement.co.uk first appeared online, and whether it can receive email
  • What kind of line 01388 607914 is
  • Who else gives the postcode DL14 6HX
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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 name
MGL WEALTH MANAGEMENT LIMITED
Company number
10175274
Company status
Active
Company type
Private limited company
Incorporated
11 May 2016 (10 years old)
Registered office
Kensington House, 3 Kensington, Bishop Auckland, Co. Durham, DL14 6HX, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Barry Talman Director Jun 1976 11 May 2016 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
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Filed accounts and finances

Year to 31 May 2026Small company accountsNot audited

Total equity

£1,732

Up £1,130 from £602

Cash at bank

£4,508

−49% from £8,780

Employees (average)

3

Same as 3

Owed within a year

£19.9k

−1.8% from £20.3k

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2020 to 2026
  • 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 10175274. 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

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

2025

10 June 2025

  • Louise Talman became a part-owner (25–50% of shares)

Companies House

2016

19 May 2016

  • Became an appointed representative

FCA register

11 May 2016

  • Incorporated at Companies House
  • Barry Talman became the majority owner (50–75% of shares)
  • Barry Talman appointed as a director

Companies House

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

Firms like MGL Wealth Management

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

In Bishop Auckland

John BaileyBishop AucklandAppointed representativeMichael Kyle Wealth Management LtdBishop AucklandAppointed representativePhilip Watson & Mandy WatsonBishop AucklandAppointed representativeTallow Financial Planning LimitedBishop AucklandAuthorised

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 MGL 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
  • 7 years of accounts, charted
  • All 5 events in its history

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Frequently asked questions about this firm

Is MGL Wealth Management Ltd FCA authorised?
MGL Wealth Management Ltd (FRN 747547) 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 MGL 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. MGL Wealth Management Ltd (FRN 747547) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use MGL Wealth Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from MGL 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 MGL Wealth Management’s phone number and website?
The FCA register lists the phone number 01388 607914 and the website mglwealthmanagement.co.uk for MGL Wealth Management. If you were given different contact details, use these to check with the firm before going any further.
Is MGL Wealth Management a scam or clone?
MGL 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 MGL Wealth Management?
Protection works through St. James's Place Wealth Management PLC, the principal firm responsible for MGL Wealth Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns MGL Wealth Management?
Companies House lists 2 people with significant control of MGL Wealth Management: Mr Barry Talman (50–75% of shares) and Mrs Louise Talman (25–50% of shares).
Who runs MGL Wealth Management?
Companies House lists one director of MGL Wealth Management: Barry Talman.
How long has MGL Wealth Management been in business?
The company was formed on 11 May 2016.
What do MGL Wealth Management’s latest accounts show?
Its latest accounts, to 31 May 2026, show total equity of £1,732 (up £1,130 from £602) and cash at bank of £4,508 (−49% from £8,780).

Sources and links

The full report on MGL Wealth Management Ltd

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