The Practice Loan Company PLC

Reference number: 727115

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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 practiceloancompany.co.uk first appeared online, and whether it can receive email
  • What kind of line 01543 439732 is
  • Who else gives the postcode WS13 6RN
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Other names (7)

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

  • Business Loan Company Trading name
  • Cheshire Finance Solutions Trading name
  • PFC Finance Trading name
  • Practice Finance Company Trading name
  • Professions Practice Finance Trading name
  • The Personal Loan Company Trading name
  • Mease Valley Finance Former trading name

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)
  • Credit Broking
  • Debt-counselling

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
03767146
Company status
Active
Company type
Public limited company
Incorporated
10 May 1999 (27 years old)
Registered office
No 5 The Mews Trent Business Centre, Trent Park, Eastern Avenue, Lichfield, Staffordshire, WS13 6RN, United Kingdom
Nature of business
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Christopher Daniel Carmichael Director Jun 1964 27 Sep 2012 10 other companies
Kevin Francis Mcnally Director Sep 1976 25 Sep 2024 3 other companies
Heidi Melissa Carmichael Secretary Not published 23 Sep 2011 –

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 companies
12
closed down
3
are FCA-registered
3

In the full report: all 12 companies, 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
  • The 3 on the FCA register
  • The 1 company these 2 directors run together
  • All 17 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2026Full accountsAudited

Turnover

£1.09m

−16% from £1.29m

Profit before tax

−£45.7k

−260% from £28.5k

Net assets

£297k

−12% from £338k

Cash at bank

£81.2k

−43% from £143k

Turnover and profit

In the full report: all 5 years of accounts

  • Every year from 2022 to 2026
  • Both charts, 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.

Accounts filed at Companies House for company 03767146. 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

The Practice Loan Company’s history from the FCA register and Companies House, newest first.

Key events (8) All events (54)

2026

1 June 2026

  • Heidi Melissa Carmichael became a part-owner (25–50% of shares)

Companies House

2017

13 February 2017

  • Christopher Daniel Carmichael became a part-owner (25–50% of shares)

Companies House

2016

13 September 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

2009

23 June 2009

  • Board replaced: all 4 directors left and 2 new directors took over

Companies House

2005

10 January 2005

  • Board replaced: both directors left and 4 new directors took over

Companies House

1999

10 May 1999

  • Incorporated at Companies House

Companies House

In the full report: all 54 events

  • All 54 events in its history (8 shown here)
  • Every director appointment and resignation: 36
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Firms connected to The Practice Loan Company

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

connected firms
6
share a director
2
share its postcode
4

In the full report: all 6 connected firms, named

  • How each is linked: shared directors (2), the same postcode (4)
  • Who links each one: the named directors, with dates
  • 1 past link through former directors
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Firms like The Practice Loan Company

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

In Lichfield

Allan James Financial Services LimitedLichfieldAuthorisedDaniel EdwardsLichfieldAuthorisedPhilip George Valentine and Christine ValentineLichfieldAuthorisedZahoor AltafLichfieldAuthorised2nd City Commercial LimitedLichfieldAppointed representativeHamilton Tole LtdLichfieldAppointed 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 The Practice Loan Company

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

  • 12 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 54 events in its history
  • 6 connected firms, named, and who links them

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Frequently asked questions about this firm

Is The Practice Loan Company PLC FCA authorised?
Yes, The Practice Loan Company PLC (FRN 727115) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since September 2016 and works as a credit broker. The FCA has placed a limit on what it may do.
What is The Practice Loan Company’s phone number and website?
The FCA register lists the phone number 01543 439732 and the website practiceloancompany.co.uk for The Practice Loan Company. If you were given different contact details, use these to check with the firm before going any further.
Is The Practice Loan Company a scam or clone?
The Practice Loan Company 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 The Practice Loan Company?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how The Practice Loan Company handles your money, so check the specific product before you commit. You can also refer complaints about The Practice Loan Company to the Financial Ombudsman Service, free of charge.
Who owns The Practice Loan Company?
Companies House lists 2 people with significant control of The Practice Loan Company: Mrs Heidi Melissa Carmichael (25–50% of shares) and Mr Christopher Daniel Carmichael (25–50% of shares).
Who runs The Practice Loan Company?
Companies House lists 2 directors of The Practice Loan Company: Christopher Daniel Carmichael and Kevin Francis McNally.
How long has The Practice Loan Company been in business?
The company was formed on 10 May 1999, and has held its current FCA authorisation since September 2016.
What do The Practice Loan Company’s latest accounts show?
Its latest accounts, to 31 March 2026, show turnover of £1.09m (−16% from £1.29m) and profit before tax of −£45.7k (−260% from £28.5k).
Does The Practice Loan Company use any other names?
It trades as Business Loan Company, Cheshire Finance Solutions, PFC Finance, Practice Finance Company and Professions Practice Finance, and 1 more names. It has previously used the name Mease Valley Finance.

Sources and links

The full report on The Practice Loan Company PLC

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