Newsource Commercial Finance Limited

Reference number: 718948

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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 newsourcefinance.co.uk first appeared online, and whether it can receive email
  • What kind of line 01423 524559 is
  • Who else gives the postcode LS1 2TE
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Other names (1)

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

  • Newsource Trading name

FCA permissions and consumer protection

  • Advise on or arrange mortgages FSCS may apply
    Mortgage advice and arranging may be FSCS-covered, up to the limit that applies.
  • 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 (5 permissions)
  • Acting as a CBTL advisor
  • Acting as a CBTL arranger
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling

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
08374586
Company status
Active
Company type
Private limited company
Incorporated
24 January 2013 (13 years old)
Registered office
Leonard Curtis House Elms Square, Bury New Road, Manchester, M45 7TA, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Daniel John Booth Director Sep 1978 15 Oct 2024 16 other companies
David Owen Brown Director Dec 1982 15 Oct 2024 None
Gary Cain Director Jun 1973 15 Oct 2024 13 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
26
closed down
7
is FCA-registered
1

In the full report: all 26 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 one on the FCA register
  • The 3 companies these 3 directors run together
  • All 5 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 April 2025Small company accountsAudited

Net assets

£42.5k

−19% from £52.2k

Cash at bank

£55.2k

−22% from £70.7k

Employees (average)

7

+17% from 6

Owed within a year

£124k

+4.8% from £118k

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 08374586. 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

Newsource Commercial Finance’s history from the FCA register and Companies House, newest first.

Key events (12) All events (22)

2024

15 October 2024

  • Craven Family Holdings Limited stopped being a part-owner
  • Reach Commercial Finance Limited took control (75–100% of shares)
  • Sovereign Park Enterprises Limited stopped being a part-owner

Companies House

2018

13 September 2018

  • Brian Jeffrey Walters stopped being a part-owner
  • Craven Family Holdings Limited became a part-owner (25–50% of shares)
  • Mark Craven stopped being a part-owner
  • Sovereign Park Enterprises Limited became a part-owner (25–50% of shares)

Companies House

2016

6 April 2016

  • Brian Jeffrey Walters became a part-owner (25–50% of shares)
  • Mark Craven became a part-owner (25–50% of shares)

Companies House

8 February 2016

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

FCA register

2013

24 January 2013

  • Incorporated at Companies House

Companies House

In the full report: all 22 events

  • All 22 events in its history (12 shown here)
  • Every director appointment and resignation: 7
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Firms connected to Newsource Commercial Finance

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

connected firms
3
share a director
1
share its postcode
2

In the full report: all 3 connected firms, named

  • How each is linked: shared directors (1), the same postcode (2)
  • Who links each one: the named directors, with dates
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Firms like Newsource Commercial Finance

Other firms of the same type (mortgage adviser or broker), nearest first.

In Leeds

2M Financial Services LtdLeedsAuthorisedAge Partnership LimitedLeedsAuthorisedBluegate Finance LtdLeedsAuthorisedHardisty Financial LimitedLeedsAuthorisedHeritage Mortgage Advice LtdLeedsAuthorisedHyde Associates LimitedLeedsAuthorised

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 Newsource Commercial Finance

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

  • 26 other companies its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 22 events in its history
  • 3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Newsource Commercial Finance Limited FCA authorised?
Yes, Newsource Commercial Finance Limited (FRN 718948) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since February 2016 and works as a mortgage adviser or broker. The FCA has placed no limits on its permissions.
What is Newsource Commercial Finance’s phone number and website?
The FCA register lists the phone number 01423 524559 and the website newsourcefinance.co.uk for Newsource Commercial Finance. If you were given different contact details, use these to check with the firm before going any further.
Is Newsource Commercial Finance a scam or clone?
Newsource Commercial Finance 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 Newsource Commercial Finance?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Newsource Commercial Finance to the Financial Ombudsman Service, free of charge.
Who owns Newsource Commercial Finance?
Newsource Commercial Finance is owned by Reach Commercial Finance Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 15 October 2024. Before that, it was controlled by Craven Family Holdings Limited, Sovereign Park Enterprises Limited and Mr Mark Craven.
Who runs Newsource Commercial Finance?
Companies House lists 3 directors of Newsource Commercial Finance: Daniel John Booth, David Owen Brown and Gary Cain.
How long has Newsource Commercial Finance been in business?
The company was formed on 24 January 2013, and has held its current FCA authorisation since February 2016.
What do Newsource Commercial Finance’s latest accounts show?
Its latest accounts, to 30 April 2025, show net assets of £42.5k (−19% from £52.2k) and cash at bank of £55.2k (−22% from £70.7k).
Does Newsource Commercial Finance use any other names?
It trades as Newsource.

Sources and links

The full report on Newsource Commercial Finance Limited

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