Target Fund Managers Limited: FCA regulated?

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Authorised for 9 years
Your funds are protected by FSCS
No FCA actions
Active company since 2016
Accounts filed up to 30 April 2023

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.

Website

targetfundmanagers.com (opens in a new tab)
Phone number

01786 845912
Address

Target Fund Managers Ltd, Glendevon House, The Castle Business Park, Stirling, FK9 4TZ, United Kingdom

In the full report: 3 background checks

When targetfundmanagers.com first appeared online, and whether it can receive email
What kind of line 01786 845912 is, and the other firm that gives it
Who else gives the postcode FK9 4TZ

Other names (1)

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

Target Managers Limited Former name: A name it was registered under before.

FCA permissions and consumer protection

Hold or safeguard your money · Manage or trade investments · Run or oversee funds 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.
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.
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 (8 permissions)

Advising on investments (except on Pension Transfers and Pension Opt Outs)
Arranging (bringing about) deals in investments
Arranging safeguarding and administration of assets
Dealing in investments as agent
Establishing, operating or winding up a collective investment scheme
Making arrangements with a view to transactions in investments
Managing an unauthorised AIF
Managing investments

Limits on what they may do

This firm may handle your money in passing but must not hold it, so payments should go to the product provider, never to a personal account.

One supervisory condition set by the FCA

These are conditions the FCA places on the firm itself, covering things like capital it must hold and what it must report. They do not change what the firm may do for you.

CPMI Requirement
The firm is only permitted to carry on the activities specified in FUND 1.4.3R (1) to (6) or any successor provision

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: SC548164 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 19 October 2016 (10 years old)
Registered office: 1st Floor, Glendevon House, Castle Business Park, Stirling, FK9 4TZ, Scotland
Nature of business: Fund management activities (SIC 66300)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Angela Mackenzie	Director	Aug 1965	19 Oct 2016	None
Andrew Stewart Brown	Director	Apr 1965	19 Oct 2016	63 other companies
John Marcus Flannelly	Director	Aug 1975	19 Oct 2016	27 other companies
Matthew James Round	Director	Jun 1974	19 Oct 2016	2 other companies
Kenneth Macangus Mackenzie	Director	Mar 1950	19 Oct 2016	None
Scott Mcknight Steven	Director	Feb 1980	1 Nov 2020	9 other companies
Robert Malcolm Naish	Director	Apr 1953	24 Sep 2024	None
James Kenneth Mackenzie	Director	Aug 1978	29 May 2025	54 other companies
John William Mackenzie	Director	Sep 1976	29 May 2025	2 other companies
Donald Crawford Cameron	Secretary	Not published	1 Nov 2020	–

Other companies run by these 9 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: 88
closed down: 21
is FCA-registered: 1

In the full report: all 88 companies, named

What each company does, and whether it is still trading
Which of these 9 directors sit on each board, and since when
Any that went into liquidation or administration
The one on the FCA register
The 59 companies these 9 directors run together
All 14 people who have ever been directors, with their dates

Filed accounts and finances

Year to 30 April 2023Full accountsAudited

Profit before tax

£1.25m

−19% from £1.54m

Total equity

£5.09m

No earlier figure to compare

Cash at bank

£1.71m

Up £1.64m from £69.4k

Employees (average)

31

+11% from 28

The accounts for the year to 30 April 2023 do not tag turnover in a form that can be read automatically, so it is not shown. The last tagged figure is £6.78m, for the year to 30 April 2022.

Profit before tax

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 SC548164. 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

Target Fund Managers’s history from the FCA register and Companies House, newest first.

Key events (7) All events (27)

2019

30 April 2019

Changed its registered name from "Target Managers Limited"

FCA register

2017

2 June 2017

Regulated by the FCA from this date
FCA imposed a requirement (CPMI Requirement)
FCA imposed a requirement (May control but not hold client money)
Became authorised by the FCA

FCA register

2016

19 October 2016

Incorporated at Companies House
Carlton Equity Limited took control (75–100% of shares)

Companies House

In the full report: all 27 events

All 27 events in its history (7 shown here)
Every director appointment and resignation: 19

Firms connected to Target Fund Managers

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

connected firms: 3
share a director: 1
share its phone number: 1

In the full report: all 3 connected firms, named

How each is linked: shared directors (1), the same phone number (1), the same postcode (3)
Who links each one: the named directors, with dates

Firms like Target Fund Managers

Other firms of the same type (investment or fund manager), nearest first.

In Stirling

Target Advisers LLPStirlingAuthorised

Elsewhere in the UK

UBS Asset Management (Europe) S.A.Authorised UBS Asset Management (UK) LtdLondonAuthorised UBS Asset Management Funds LtdLondonAuthorised Marks and Spencer Unit Trust Management LimitedChesterAuthorised J.P. Morgan Markets LimitedLondonAuthorised

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 Target Fund Managers

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

88 other companies its directors have run, named
3 background checks on its contact details
All 27 events in its history
3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Target Fund Managers Limited FCA authorised?

Yes, Target Fund Managers Limited (FRN 763170) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since June 2017 and works as an investment or fund manager. The FCA has placed a limit on what it may do.

What is Target Fund Managers’ phone number and website?

The FCA register lists the phone number 01786 845912 and the website targetfundmanagers.com for Target Fund Managers. 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 Target Fund Managers a scam or clone?

Target Fund Managers 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 Target Fund Managers?

It is permitted to hold and control client money, which it must keep separate from its own. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Target Fund Managers to the Financial Ombudsman Service, free of charge.

Who owns Target Fund Managers?

Target Fund Managers is owned by Carlton Equity Limited, which holds 75–100% of shares, 50–75% of votes and can appoint and remove the board, since 19 October 2016.

Who runs Target Fund Managers?

Companies House lists 9 directors of Target Fund Managers: Angela Mackenzie, Andrew Stewart Brown, John Marcus Flannelly, Matthew James Round, Kenneth Macangus Mackenzie, Scott McKnight Steven and 3 more.

How long has Target Fund Managers been in business?

The company was formed on 19 October 2016, and has held its current FCA authorisation since June 2017.

What do Target Fund Managers’ latest accounts show?

Its latest accounts, to 30 April 2023, show profit before tax of £1.25m (−19% from £1.54m) and total equity of £5.09m (no earlier figure to compare).

Does Target Fund Managers use any other names?

It has previously used the name Target Managers Limited.