Plain Savings Ltd

Reference number: 822862

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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 plainsavings.co.uk first appeared online, and whether it can receive email
  • What kind of line 0191 213 5435 is
  • Who else gives the postcode NE3 2AB
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FCA permissions and consumer protection

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • 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 (11 permissions)
  • Acting as a CBTL advisor
  • Acting as a CBTL arranger
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on Pension Transfers and Pension Opt Outs
  • Advising on regulated mortgage contracts
  • Arranging (bringing about) deals in investments
  • Arranging (bringing about) regulated mortgage contracts
  • Credit Broking
  • Debt-counselling
  • Making arrangements with a view to regulated mortgage contracts
  • Making arrangements with a view to transactions in investments

FCA disciplinary action

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
09080733
Company status
Active
Company type
Private limited company
Incorporated
11 June 2014 (12 years old)
Registered office
40 Fawdon Lane, Gosforth, Newcastle Upon Tyne, NE3 2AB
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
David Barrett Director Feb 1957 11 Jun 2014 None
Richard Alan Scott Director Aug 1986 15 Jun 2017 1 other company

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 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 these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2026Micro-entity accountsNot audited

Net assets

£63.3k

+23% from £51.6k

Employees (average)

2

−50% from 4

Owed within a year

£0

Same as £0

Net assets

In the full report: all 7 years of accounts

  • Every year from 2020 to 2026
  • 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 09080733. 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

Plain Savings’s history from the FCA register and Companies House, newest first.

Key events (6) All events (13)

2019

26 February 2019

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Firm to abide by Deed Poll regarding past business)
  • Became authorised by the FCA

FCA register

2017

15 June 2017

  • Richard Alan Scott became a part-owner (25–50% of shares)

Companies House

2016

11 June 2016

  • David Barrett became the majority owner (50–75% of shares)

Companies House

2014

11 June 2014

  • Incorporated at Companies House

Companies House

In the full report: all 13 events

  • All 13 events in its history (6 shown here)
  • Every director appointment and resignation: 4
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Firms like Plain Savings

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

In Newcastle upon Tyne

B-Advised LimitedNewcastle upon TyneAuthorisedBruce & Co Legal & Financial Ltd.Newcastle upon TyneAuthorisedCaroline Anderson IFA LTDNewcastle upon TyneAuthorisedCo-Navigate LimitedNewcastle Upon TyneAuthorisedDW Wealth Management LtdNewcastle Upon TyneAuthorisedFaramond UK LimitedNewcastle upon TyneAuthorised

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 Plain Savings

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
  • 7 years of accounts, charted
  • All 13 events in its history

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Frequently asked questions about this firm

Is Plain Savings Ltd FCA authorised?
Yes, Plain Savings Ltd (FRN 822862) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since February 2019 and works as a financial adviser. The FCA has placed no limits on its permissions.
What is Plain Savings’ phone number and website?
The FCA register lists the phone number 0191 213 5435 and the website plainsavings.co.uk for Plain Savings. If you were given different contact details, use these to check with the firm before going any further.
Is Plain Savings a scam or clone?
Plain Savings 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 Plain Savings?
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 Plain Savings to the Financial Ombudsman Service, free of charge.
Who owns Plain Savings?
Companies House lists 2 people with significant control of Plain Savings: Mr David Barrett (50–75% of shares) and Mr Richard Alan Scott (25–50% of shares).
Who runs Plain Savings?
Companies House lists 2 directors of Plain Savings: David Barrett and Richard Alan Scott.
How long has Plain Savings been in business?
The company was formed on 11 June 2014, and has held its current FCA authorisation since February 2019.
What do Plain Savings’ latest accounts show?
Its latest accounts, to 31 March 2026, show net assets of £63.3k (+23% from £51.6k).

Sources and links

The full report on Plain Savings Ltd

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