Parks Wealth Management (PWM) Limited

Reference number: 1026583

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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.
  • Parks Wealth Management (PWM) Limited (FRN 1026583) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use Parks Wealth Management (PWM)'s services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Parks Wealth Management (PWM), 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 parkswm.co.uk first appeared online, and whether it can receive email
  • What kind of line 01507 607226 is
  • Who else gives the postcode LN11 9NE
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Other names (1)

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

  • Parks Wealth Management Trading name

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 number
16105019
Company status
Active
Company type
Private limited company
Incorporated
27 November 2024 (1 year old)
Registered office
26 Eastgate, Louth, LN11 9NE, England
Nature of business
  • Financial management (SIC 70221)

Directors and company secretaries

Name Role Born Appointed Other companies
Joshua Parks Director Jun 1991 27 Nov 2024 None
Alan Parks Director Jul 1959 6 Oct 2025 2 other companies
Jessica Parks Director Feb 1991 6 Oct 2025 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
2
closed down
1
still active
1

In the full report: all 2 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
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Filed accounts and finances

4 months to 31 March 2025Dormant company accountsNot audited

Total equity

£100

No earlier figure to compare

Employees (average)

1

No earlier figure to compare

These accounts were filed as dormant: the company reported no significant trading in the period.

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 16105019. Figures are exactly as filed; nothing is estimated.

Key dates in its history

Parks Wealth Management (PWM)’s history from the FCA register and Companies House, newest first.

Key events (3) All events (7)

2025

28 February 2025

  • Became an appointed representative

FCA register

2024

27 November 2024

  • Incorporated at Companies House
  • Joshua Parks became the majority owner (50–75% of shares)

Companies House

In the full report: all 7 events

  • All 7 events in its history (3 shown here)
  • Every director appointment and resignation: 3
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Firms like Parks Wealth Management (PWM)

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

In Louth

Evandths Financial LtdLouthAppointed representativeJonathan Storr Financial Services LtdLouthAppointed representative

In the Lincoln (LN) postcode area

Aerarium Financial Solutions LtdMarket RasenAppointed representativeAlmond Financial LtdSaxilbyAppointed representativeCarr Financial LtdLincolnAppointed representativeChris CutlerLincolnAppointed representative

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 Parks Wealth Management (PWM)

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

  • 2 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 7 events in its history

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Frequently asked questions about this firm

Is Parks Wealth Management (PWM) Limited FCA authorised?
Parks Wealth Management (PWM) Limited (FRN 1026583) 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 Parks Wealth Management (PWM)?
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. Parks Wealth Management (PWM) Limited (FRN 1026583) is an AR of St. James's Place Wealth Management Plc (FRN 195351). When you use Parks Wealth Management (PWM)'s services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Parks Wealth Management (PWM), 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 Parks Wealth Management (PWM)’s phone number and website?
The FCA register lists the phone number 01507 607226 and the website parkswm.co.uk for Parks Wealth Management (PWM). If you were given different contact details, use these to check with the firm before going any further.
Is Parks Wealth Management (PWM) a scam or clone?
Parks Wealth Management (PWM) 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 Parks Wealth Management (PWM)?
Protection works through St. James's Place Wealth Management PLC, the principal firm responsible for Parks Wealth Management (PWM)'s regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Parks Wealth Management (PWM)?
Companies House lists one person with significant control of Parks Wealth Management (PWM): Mr Joshua Parks (50–75% of shares).
Who runs Parks Wealth Management (PWM)?
Companies House lists 3 directors of Parks Wealth Management (PWM): Joshua Parks, Alan Parks and Jessica Parks.
How long has Parks Wealth Management (PWM) been in business?
The company was formed on 27 November 2024.
What do Parks Wealth Management (PWM)’s latest accounts show?
Its latest accounts, to 31 March 2025, show total equity of £100 (no earlier figure to compare).
Does Parks Wealth Management (PWM) use any other names?
It trades as Parks Wealth Management.

Sources and links

The full report on Parks Wealth Management (PWM) Limited

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