Mollam Wealth Ltd

Reference number: 972885

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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.

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.
  • Mollam Wealth Ltd (FRN 972885) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use Mollam Wealth's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Mollam Wealth, 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 mollamwm.co.uk first appeared online, and whether it can receive email
  • What kind of line 07909 602890 is
  • Who else gives the postcode CF31 4NR
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Other names (2)

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

  • Paul Phillips Former name: A name it was registered under before.
  • Mollam Wealth Management Former trading name: A name it used to trade under.

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 status
Active
Company type
Private limited company
Incorporated
4 October 2024 (2 years old)
Registered office
49 Graham Avenue, Pen-Y-Fai, Bridgend, CF31 4NR, Wales
Nature of business
  • Pension funding (SIC 65300)
  • Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)

Directors and company secretaries

Name Role Born Appointed Other companies
Paul John Phillips Director Nov 1983 4 Oct 2024 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 28 February 2026Micro-entity accountsNot audited

Net assets

£3,984

Up £3,974 from £10

Employees (average)

2

Up 2 from 0

Owed within a year

£26.5k

Up £26.5k from −£10

Net assets

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 15997521. 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

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

2024

18 October 2024

  • Changed its registered name from "Paul Phillips"

FCA register

4 October 2024

  • Incorporated at Companies House
  • Paul John Phillips took control (75–100% of shares)

Companies House

2022

25 March 2022

  • Became an appointed representative

FCA register

In the full report: all 8 events

  • All 8 events in its history (4 shown here)
  • Every director appointment and resignation: 1
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Firms like Mollam Wealth

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

In Bridgend

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 Mollam Wealth

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
  • All 8 events in its history

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Frequently asked questions about this firm

Is Mollam Wealth Ltd FCA authorised?
Mollam Wealth Ltd (FRN 972885) 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 Mollam Wealth?
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. Mollam Wealth Ltd (FRN 972885) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use Mollam Wealth's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Mollam Wealth, 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 Mollam Wealth’s phone number and website?
The FCA register lists the phone number 07909 602890 and the website mollamwm.co.uk for Mollam Wealth. If you were given different contact details, use these to check with the firm before going any further.
Is Mollam Wealth a scam or clone?
Mollam Wealth 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 Mollam Wealth?
Protection works through St. James's Place Wealth Management PLC, the principal firm responsible for Mollam Wealth's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Mollam Wealth?
Companies House lists one person with significant control of Mollam Wealth: Mr Paul John Phillips (75–100% of shares).
Who runs Mollam Wealth?
Companies House lists one director of Mollam Wealth: Paul John Phillips.
How long has Mollam Wealth been in business?
The company was formed on 4 October 2024.
What do Mollam Wealth’s latest accounts show?
Its latest accounts, to 28 February 2026, show net assets of £3,984 (up £3,974 from £10).
Does Mollam Wealth use any other names?
It has previously used 2 other names: Paul Phillips and Mollam Wealth Management.

Sources and links

The full report on Mollam Wealth Ltd

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