Propel Finance No 1 Limited

Reference number: 751977

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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 propelfinance.co.uk first appeared online, and whether it can receive email
  • What kind of line 01633 415222 is, and the other firm that gives it
  • Who else gives the postcode NP18 2LH
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Other names (9)

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

  • Apple Financial Services Trading name
  • Propel Trading name
  • Propel Finance Trading name
  • PropelPay Trading name
  • Henry Howard Finance No 1 Limited Former name
  • Henry Howard Asset Finance Former trading name
  • Henry Howard Commercial and Property Finance Former trading name
  • Henry Howard Retail Finance Former trading name
  • Henry Howard Vendor Finance Former trading name

FCA permissions and consumer protection

  • Lend or arrange credit · Hire out goods to consumers 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 (7 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling
  • Entering into Regulated Consumer Hire Agreements as owner
  • Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • 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 owner's rights and duties under a regulated consumer hire agreement

Limits on what they may do

  • Not permitted to canvass off trade premises
    The firm is not permitted to canvass regulated borrower-lender-supplier agreements or regulated consumer hire agreements off trade premises

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
10003271
Company status
Active
Company type
Private limited company
Incorporated
12 February 2016 (10 years old)
Registered office
Unit 5 Langstone Business Village, Langstone Park, Langstone, Newport, NP18 2LH, United Kingdom
Nature of business
  • Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified (SIC 77390)

Directors and company secretaries

Name Role Born Appointed Other companies
Richard James Mcdougall Director Jan 1980 12 Feb 2016 53 other companies
Edward Hugh Mcneill Director Apr 1978 12 Feb 2016 54 other companies
Mark Catton Director May 1966 5 Oct 2018 10 other companies
Anne Williams Director May 1961 5 Oct 2018 8 other companies

Other companies run by these 4 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
101
closed down
34
are FCA-registered
17

In the full report: all 101 companies, named

  • What each company does, and whether it is still trading
  • Which of these 4 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 17 on the FCA register, including one no longer authorised
  • The 11 companies these 4 directors run together
  • All 8 people who have ever been directors, with their dates
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Key dates in its history

Propel Finance No 1’s history from the FCA register and Companies House, newest first.

Key events (8) All events (34)

2022

25 August 2022

  • Propel Group Finance Limited took control (75–100% of shares)

Companies House

2020

9 January 2020

  • Changed its registered name from "Henry Howard Finance No 1 Limited"

FCA register

2016

21 October 2016

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Not permitted to canvass off trade premises)
  • Became authorised by the FCA

FCA register

6 April 2016

  • Cabot Square Capital GP IV LLP gained significant control
  • Cabot Square Capital LLP gained significant control

Companies House

12 February 2016

  • Incorporated at Companies House

Companies House

In the full report: all 34 events

  • All 34 events in its history (8 shown here)
  • Every director appointment and resignation: 12
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Firms connected to Propel Finance No 1

Other FCA-listed firms that share a director, phone number or address with Propel Finance No 1. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
9
share a director
6
share its phone number
1

In the full report: all 9 connected firms, named

  • How each is linked: shared directors (6), the same phone number (1), the same postcode (4)
  • Who links each one: the named directors, with dates
  • 6 past links through former directors
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Firms like Propel Finance No 1

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

In Newport

Avid & Gem Acquisitions LimitedNewportAuthorisedCherry Godfrey Finance (Isle of Wight) LimitedNewportAuthorisedParc Golf ClubNewportAuthorisedPropel Finance PLCNewportAuthorisedWestern Loans LimitednewportAuthorisedHughes N LimitedNewportAuthorised

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 Propel Finance No 1

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

  • 101 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 34 events in its history
  • 9 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Propel Finance No 1 Limited FCA authorised?
Yes, Propel Finance No 1 Limited (FRN 751977) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since October 2016 and works as a lender. The FCA has placed a limit on what it may do.
What is Propel Finance No 1’s phone number and website?
The FCA register lists the phone number 01633 415222 and the website propelfinance.co.uk for Propel Finance No 1. 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 Propel Finance No 1 a scam or clone?
Propel Finance No 1 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 Propel Finance No 1?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Propel Finance No 1 handles your money, so check the specific product before you commit. You can also refer complaints about Propel Finance No 1 to the Financial Ombudsman Service, free of charge.
Who owns Propel Finance No 1?
Propel Finance No 1 is owned by Propel Group Finance Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 25 August 2022.
Who runs Propel Finance No 1?
Companies House lists 4 directors of Propel Finance No 1: Richard James McDougall, Edward Hugh McNeill, Mark Catton and Anne Williams.
How long has Propel Finance No 1 been in business?
The company was formed on 12 February 2016, and has held its current FCA authorisation since October 2016.
Does Propel Finance No 1 use any other names?
It trades as Apple Financial Services, Propel, Propel Finance and PropelPay. It has previously used 5 other names, including Henry Howard Finance No 1 Limited, Henry Howard Asset Finance and Henry Howard Commercial and Property Finance.

Sources and links

The full report on Propel Finance No 1 Limited

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