Monthly Advance Loans Limited

Reference number: 912359

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

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 loansbymal.co.uk first appeared online, and whether it can receive email
  • What kind of line 01202 122699 is
  • Who else gives the postcode BH4 9BG
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Other names (1)

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

  • loans by mal Trading name

FCA permissions and consumer protection

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (3 permissions)
  • Credit Broking
  • Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)

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
12070468
Company status
Active
Company type
Private limited company
Incorporated
26 June 2019 (7 years old)
Registered office
Victoria House, 135 Poole Road, Bournemouth, BH4 9BG, England
Nature of business
  • Other credit granting not elsewhere classified (SIC 64929)

Directors and company secretaries

Name Role Born Appointed Other companies
Edward James Ogden Director Nov 1967 26 Jun 2019 1 other company
Sam Alfred Wells Director Mar 1981 8 Dec 2021 4 other companies
Michael Martin Waylett Director Nov 1981 12 Dec 2022 None

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
5
closed down
4
still active
1

In the full report: all 5 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
  • All 8 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 December 2024Abridged accountsNot audited

Net assets

−£1.65m

Down £143k from −£1.51m

Cash at bank

£545k

Up £542k from £3,009

Employees (average)

17

+42% from 12

Owed within a year

£12.2m

Up £11.9m from £302k

Net assets are negative: on its last balance sheet the company owed £1.65m more than it owned.

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2019 to 2024
  • 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 12070468. 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

Monthly Advance Loans’s history from the FCA register and Companies House, newest first.

Key events (8) All events (26)

2020

6 March 2020

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2019

23 July 2019

  • Douglas Alan Barrowman took control (75–100% of shares)
  • Mal (Holdings) Limited gave up control
  • Mal (Holdings) Limited took control (75–100% of shares)
  • Timothy Clive Eve gave up control

Companies House

26 June 2019

  • Incorporated at Companies House
  • Timothy Clive Eve took control (75–100% of shares)

Companies House

In the full report: all 26 events

  • All 26 events in its history (8 shown here)
  • Every director appointment and resignation: 15
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Firms connected to Monthly Advance Loans

Other FCA-listed firms that share a director, phone number or address with Monthly Advance Loans. 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 Monthly Advance Loans

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

In Bournemouth

Ageas Retail LimitedBournemouthAuthorisedRatio Two LimitedBournemouthAuthorisedDorset Vaults LimitedBournemouthAuthorisedAlmagrove limitedBournemouthAuthorisedFrancis Scott LimitedBournemouthAuthorisedIndependence Assured LimitedBournemouthAuthorised

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 Monthly Advance Loans

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

  • 5 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 26 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Monthly Advance Loans Limited FCA authorised?
Yes, Monthly Advance Loans Limited (FRN 912359) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since March 2020 and works as a lender. The FCA has placed no limits on its permissions.
What is Monthly Advance Loans’ phone number and website?
The FCA register lists the phone number 01202 122699 and the website loansbymal.co.uk for Monthly Advance Loans. If you were given different contact details, use these to check with the firm before going any further.
Is Monthly Advance Loans a scam or clone?
Monthly Advance Loans 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 Monthly Advance Loans?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Monthly Advance Loans handles your money, so check the specific product before you commit. You can also refer complaints about Monthly Advance Loans to the Financial Ombudsman Service, free of charge.
Who owns Monthly Advance Loans?
Companies House lists one person with significant control of Monthly Advance Loans: Mr Douglas Alan Barrowman (75–100% of shares). Before that, it was controlled by Mal (Holdings) Limited and Mr Timothy Clive Eve.
Who runs Monthly Advance Loans?
Companies House lists 3 directors of Monthly Advance Loans: Edward James Ogden, Sam Alfred Wells and Michael Martin Waylett.
How long has Monthly Advance Loans been in business?
The company was formed on 26 June 2019, and has held its current FCA authorisation since March 2020.
What do Monthly Advance Loans’ latest accounts show?
Its latest accounts, to 31 December 2024, show net assets of −£1.65m (down £143k from −£1.51m) and cash at bank of £545k (up £542k from £3,009).
Does Monthly Advance Loans use any other names?
It trades as loans by mal.

Sources and links

The full report on Monthly Advance Loans Limited

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