NOVA Wealth Ltd
Reference number: 778951
Instant download
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.
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Website
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Phone number
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Address
20 Farringdon Street, London, EC4A 4AB, United Kingdom
In the full report: 3 background checks
- When novawm.com first appeared online, and whether it can receive email
- What kind of line 020 7390 0222 is
- Who else gives the postcode EC4A 4AB
Other names (5)
If you were contacted under any of these names, it is this firm.
- NOVA Trading name: A name it trades under now.
- Octopus Wealth Trading name: A name it trades under now.
- Carib Planning Limited Former name: A name it was registered under before.
- Octopus Wealth Limited Former name: A name it was registered under before.
- Octopus & Co Former trading name: A name it used to trade under.
FCA permissions and consumer protection
- Hold or safeguard your money · Manage or trade investments FSCS may applyEligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
- Give regulated advice FSCS may applyA claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
- Advise on or arrange mortgages · Arrange equity release FSCS may applyMortgage advice and arranging may be FSCS-covered, up to the limit that applies.
- Lend or arrange credit No FSCS coverConsumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
- Complaints Ombudsman, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (18 permissions)
- Acting as a CBTL advisor
- Acting as a CBTL arranger
- Advising on a home reversion plan
- Advising on investments (except on Pension Transfers and Pension Opt Outs)
- Advising on P2P agreements
- Advising on Pension Transfers and Pension Opt Outs
- Advising on regulated mortgage contracts
- Arranging (bringing about) a home reversion plan
- Arranging (bringing about) deals in investments
- Arranging (bringing about) regulated mortgage contracts
- Arranging safeguarding and administration of assets
- Credit Broking
- Dealing in investments as agent
- Debt-counselling
- Making arrangements with a view to a home reversion plan
- Making arrangements with a view to regulated mortgage contracts
- Making arrangements with a view to transactions in investments
- Providing basic advice on stakeholder products
Limits on what they may do
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Unable to hold client assets for MiFID activities
Unable to hold client money or safeguard and administer assets (without arranging) in relation to any investment services and activities (to which MiFID applies)
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
- 10739796 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 25 April 2017 (9 years old)
- Registered office
- 20 Farringdon Street, London, EC4A 4AB, England
- Nature of business
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- Business and domestic software development (SIC 62012)
- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Andrew Lawley Mcmillan | Director | Jun 1989 | 13 Nov 2019 | 3 other companies |
| Joseph Anthony Alexander Mclean | Director | Jul 1985 | 13 Nov 2019 | 5 other companies |
Other companies run by these 2 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
- still active
- 5
- run together
- 3
In the full report: all 5 companies, named
- What each company does, and whether it is still trading
- Which of these 2 directors sit on each board, and since when
- Any that went into liquidation or administration
- The 3 companies these 2 directors run together
- All 7 people who have ever been directors, with their dates
Filed accounts and finances
Net assets
£873k
−43% from £1.54m
Cash at bank
£245k
+64% from £150k
Employees (average)
64
+14% from 56
Owed within a year
£483k
−15% from £566k
Assets and liabilities
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.
Accounts filed at Companies House for company 10739796. 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
NOVA Wealth’s history from the FCA register and Companies House, newest first.
2024
2 July 2024
- Changed its registered name from "Octopus Wealth Limited"
FCA register
2019
26 April 2019
- Changed its registered name from "Carib Planning Limited"
FCA register
2017
27 September 2017
- Regulated by the FCA from this date
- FCA imposed a requirement (Unable to hold client assets for MiFID activities)
- Became authorised by the FCA
FCA register
25 April 2017
- Incorporated at Companies House
- Nova Wealth Holdings Ltd took control (75–100% of shares)
Companies House
In the full report: all 27 events
- All 27 events in its history (7 shown here)
- Every director appointment and resignation: 12
Firms like NOVA Wealth
Other firms of the same type (financial adviser), nearest first.
In London
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 NOVA Wealth
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
- All 27 events in its history
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Frequently asked questions about this firm
Is NOVA Wealth Ltd FCA authorised?
What is NOVA Wealth’s phone number and website?
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Who runs NOVA Wealth?
How long has NOVA Wealth been in business?
What do NOVA Wealth’s latest accounts show?
Does NOVA Wealth use any other names?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Check your FSCS cover fscs.org.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk