PRAC Financial Limited

Reference number: 690730

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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, 1 thing worth a closer look

  • When pracfinancial.co.uk first appeared online, and whether it can receive email
  • What kind of line 0113 468 3000 is, and the other firm that gives it
  • Who else gives the postcode S71 3GN
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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 (2 permissions)
  • 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)
  • Exercising or having the right to exercise the lender's rights and duties in relation to high-cost short-term credit

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
05854872
Company status
Active
Company type
Private limited company
Incorporated
22 June 2006 (20 years old)
Registered office
F10 Longfields Court, Wharncliffe Business Park, Barnsley, South Yorkshire, S71 3GN, England
Nature of business
  • Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors (SIC 64921)
  • Management consultancy activities other than financial management (SIC 70229)

Directors and company secretaries

Name Role Born Appointed Other companies
Rachael Jennifer Withers Director Sep 1974 22 Jun 2006 8 other companies
Rachael Jennifer Withers Secretary Not published 22 Jun 2016 –

Other companies run by its director

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
8
closed down
5
still active
3

In the full report: all 8 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits 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 December 2021Full accountsNot audited

Net assets

£1.87m

−29% from £2.66m

Cash at bank

£3.10m

+171% from £1.15m

Employees (average)

2

Same as 2

Owed within a year

£145k

−66% from £427k

Net assets

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 05854872. Figures are exactly as filed; nothing is estimated.

Key dates in its history

PRAC Financial’s history from the FCA register and Companies House, newest first.

Key events (6) All events (14)

2018

31 May 2018

  • Endless Fund IV A LP gave up control

Companies House

2017

8 May 2017

  • Endless Fund IV A LP took control (75–100% of shares)

Companies House

2016

6 April 2016

  • Crossco (1433) Limited took control (75–100% of shares)

Companies House

21 March 2016

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

FCA register

2006

22 June 2006

  • Incorporated at Companies House

Companies House

In the full report: all 14 events

  • All 14 events in its history (6 shown here)
  • Every director appointment and resignation: 5
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Firms connected to PRAC Financial

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

connected firms
2
share its phone number
1
share its postcode
1

In the full report: all 2 connected firms, named

  • How each is linked: the same phone number (1), the same postcode (1)
  • Who links each one: the named directors, with dates
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Get the full report on PRAC Financial

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

  • 8 other companies its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • All 14 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is PRAC Financial Limited FCA authorised?
Yes, PRAC Financial Limited (FRN 690730) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since March 2016. The FCA has placed no limits on its permissions.
What is PRAC Financial’s phone number and website?
The FCA register lists the phone number 0113 468 3000 and the website pracfinancial.co.uk for PRAC Financial. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by one other FCA firm.
Is PRAC Financial a scam or clone?
PRAC Financial 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 PRAC Financial?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how PRAC Financial handles your money, so check the specific product before you commit. You can also refer complaints about PRAC Financial to the Financial Ombudsman Service, free of charge.
Who owns PRAC Financial?
PRAC Financial is owned by Crossco (1433) Limited, which holds 75–100% of shares, 75–100% of votes, can appoint and remove the board and held as a trustee, since 6 April 2016. Before that, it was controlled by Endless Fund IV A LP.
Who runs PRAC Financial?
Companies House lists one director of PRAC Financial: Rachael Jennifer Withers.
How long has PRAC Financial been in business?
The company was formed on 22 June 2006, and has held its current FCA authorisation since March 2016.
What do PRAC Financial’s latest accounts show?
Its latest accounts, to 31 December 2021, show net assets of £1.87m (−29% from £2.66m) and cash at bank of £3.10m (+171% from £1.15m).

Sources and links

The full report on PRAC Financial Limited

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