Thorntons Wealth Management Limited

Reference number: 222411

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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 thorntons-wealth.co.uk first appeared online, and whether it can receive email
  • What kind of line 01382 797600 is
  • Who else gives the postcode DD1 3JT
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Other names (3)

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

  • Thorntons Wealth Trading name: A name it trades under now.
  • Matheson Financial Consulting Limited Former name: A name it was registered under before.
  • Matheson Financial Former trading name: A name it used to trade under.

FCA permissions and consumer protection

  • 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.
  • Manage or trade investments 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.
  • 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 (5 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on Pension Transfers and Pension Opt Outs
  • Arranging (bringing about) deals in investments
  • Debt-counselling
  • Making arrangements with a view to transactions in investments

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 status
Active
Company type
Private limited company
Incorporated
3 January 2003 (23 years old)
Registered office
Dundee One, 5 West Victoria Dock Road, Dundee, DD1 3JT, Scotland
Nature of business
  • Activities of insurance agents and brokers (SIC 66220)

Directors and company secretaries

Name Role Born Appointed Other companies
Scott Charles Milne Director Apr 1962 9 Dec 2020 7 other companies
Elizabeth Frances Thomas Director Oct 1970 2 Feb 2026 None
Andrew James Kerr Director Jan 1973 2 Oct 2026 14 other companies

Other companies run by these 3 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
21
closed down
7
are FCA-registered
4

In the full report: all 21 companies, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 4 on the FCA register
  • All 12 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 May 2025Full accountsNot audited

Net assets

£70.8k

−87% from £563k

Cash at bank

£26.3k

+154% from £10.3k

Owed within a year

£973k

+10% from £885k

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2021 to 2025
  • The chart, 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 SC241755. 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

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

2022

14 December 2022

  • Changed its registered name from "Matheson Financial Consulting Limited"

FCA register

2020

15 December 2020

  • Matheson Consulting Limited took control (75–100% of shares)

Companies House

9 December 2020

  • Board replaced: all 4 directors left and 2 new directors took over
  • Matheson Consulting Limited gave up control

Companies House

2016

6 April 2016

  • Lisa Matheson became a part-owner (25–50% of shares)
  • Lisa Matheson stopped being a part-owner
  • Matheson Consulting Limited took control (75–100% of shares)
  • Rory Matheson became a part-owner (25–50% of shares)
  • Rory Matheson stopped being a part-owner

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2003

20 May 2003

  • Regulated by the Financial Services Authority from this date
  • Became authorised by the FCA

FCA register

3 January 2003

  • Incorporated at Companies House

Companies House

In the full report: all 40 events

  • All 40 events in its history (13 shown here)
  • Every director appointment and resignation: 21
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Firms connected to Thorntons Wealth Management

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

connected firms
3
share a director
2
share its postcode
1

In the full report: all 3 connected firms, named

  • How each is linked: shared directors (2), the same postcode (1)
  • Who links each one: the named directors, with dates
  • 2 past links through former directors
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Firms like Thorntons Wealth Management

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

In Dundee

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 Thorntons Wealth Management

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

  • 21 other companies its directors have run, named
  • 3 background checks on its contact details
  • 4 years of accounts, charted
  • All 40 events in its history
  • 3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Thorntons Wealth Management Limited FCA authorised?
Yes, Thorntons Wealth Management Limited (FRN 222411) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since May 2003 and works as a financial adviser. The FCA has placed no limits on its permissions.
What is Thorntons Wealth Management’s phone number and website?
The FCA register lists the phone number 01382 797600 and the website thorntons-wealth.co.uk for Thorntons Wealth Management. If you were given different contact details, use these to check with the firm before going any further.
Is Thorntons Wealth Management a scam or clone?
Thorntons 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 Thorntons Wealth Management?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Thorntons Wealth Management to the Financial Ombudsman Service, free of charge.
Who owns Thorntons Wealth Management?
Thorntons Wealth Management is owned by Matheson Consulting Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 15 December 2020. Before that, it was controlled by Mr Rory Matheson and Mrs Lisa Matheson.
Who runs Thorntons Wealth Management?
Companies House lists 3 directors of Thorntons Wealth Management: Scott Charles Milne, Elizabeth Frances Thomas and Andrew James Kerr.
How long has Thorntons Wealth Management been in business?
The company was formed on 3 January 2003, and has held its current FCA authorisation since May 2003.
What do Thorntons Wealth Management’s latest accounts show?
Its latest accounts, to 31 May 2025, show net assets of £70.8k (−87% from £563k) and cash at bank of £26.3k (+154% from £10.3k).
Does Thorntons Wealth Management use any other names?
It trades as Thorntons Wealth. It has previously used 2 other names: Matheson Financial Consulting Limited and Matheson Financial.

Sources and links

The full report on Thorntons Wealth Management Limited

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