Richmond Wealth Management Ltd

Reference number: 1037708

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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

Quilter Financial Services Limited Reference number: 440703 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.
  • Richmond Wealth Management Ltd (FRN 1037708) is an AR of Quilter Financial Services Limited (FRN 440703). When you use Richmond Wealth Management's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Richmond Wealth Management, 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, 1 thing worth a closer look

  • When abacusfa.co.uk first appeared online, and whether it can receive email
  • What kind of line 07813 615979 is
  • Who else gives the postcode NE31 2EQ
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Other names (1)

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

  • Abacus Financial Advisers Trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Quilter Financial Services Limited, 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
14693718
Company status
Active
Company type
Private limited company
Incorporated
28 February 2023 (3 years old)
Registered office
3a Blue Sky Way, Monkton Business Park South, Hebburn, NE31 2EQ, United Kingdom
Nature of business
  • Activities of financial services holding companies (SIC 64205)

Directors and company secretaries

Name Role Born Appointed Other companies
Neil Mark Richmond Director Mar 1968 28 Feb 2023 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
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Filed accounts and finances

Year to 31 March 2025Small company accountsNot audited

Net assets

£3,065

Up £3,062 from £3

Cash at bank

£48.5k

+166% from £18.2k

Employees (average)

4

Same as 4

Owed within a year

£40.2k

+16% from £34.6k

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.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 14693718. 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

Richmond Wealth Management’s history from the FCA register and Companies House, newest first.

2025

24 July 2025

  • Became an appointed representative
  • Began trading as "Abacus Financial Advisers"

FCA register

2023

28 February 2023

  • Incorporated at Companies House
  • Carrie Anne Carr became a part-owner (25–50% of shares)
  • Neil Mark Richmond became a part-owner (25–50% of shares)
  • Neil Mark Richmond appointed as a director

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms connected to Richmond Wealth Management

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

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Richmond Wealth Management

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

In the Newcastle (NE) postcode area

Newcastle Financial Advisers LimitedAppointed representative1894 Private WealthNewcastle upon TyneAppointed representative2mtrustAppointed representativeA & K Financial Management LimitedMorpethAppointed representativeAbacus Wealth Management Group LimitedNewcastleAppointed representativeAFT Wealth Management LtdNewcastle upon TyneAppointed 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 Richmond Wealth Management

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

  • Every company its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • All 6 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Richmond Wealth Management Ltd FCA authorised?
Richmond Wealth Management Ltd (FRN 1037708) 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 Richmond Wealth Management?
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. Richmond Wealth Management Ltd (FRN 1037708) is an AR of Quilter Financial Services Limited (FRN 440703). When you use Richmond Wealth Management's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Richmond Wealth Management, 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 Richmond Wealth Management’s phone number and website?
The FCA register lists the phone number 07813 615979 and the website abacusfa.co.uk for Richmond Wealth Management. If you were given different contact details, use these to check with the firm before going any further.
Is Richmond Wealth Management a scam or clone?
Richmond Wealth Management 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 Richmond Wealth Management?
Protection works through Quilter Financial Services Limited, the principal firm responsible for Richmond Wealth Management's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Richmond Wealth Management?
Companies House lists 2 people with significant control of Richmond Wealth Management: Mr Neil Mark Richmond (25–50% of shares) and Mrs Carrie Anne Carr (25–50% of shares).
Who runs Richmond Wealth Management?
Companies House lists one director of Richmond Wealth Management: Neil Mark Richmond.
How long has Richmond Wealth Management been in business?
The company was formed on 28 February 2023.
What do Richmond Wealth Management’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £3,065 (up £3,062 from £3) and cash at bank of £48.5k (+166% from £18.2k).
Does Richmond Wealth Management use any other names?
It trades as Abacus Financial Advisers.

Sources and links

The full report on Richmond Wealth Management Ltd

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