Wallace Allan Limited

Reference number: 656892

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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 wallaceallan.co.uk first appeared online, and whether it can receive email
  • What kind of line 01292 262516 is
  • Who else gives the postcode KA7 1LJ
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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 (1 permission)
  • Credit Broking

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
SC033131
Company status
Active
Company type
Private limited company
Incorporated
28 May 1958 (68 years old)
Registered office
4 Newmarket Street, Ayr, KA7 1LJ
Nature of business
  • Retail sale of watches and jewellery in specialised stores (SIC 47770)

Directors and company secretaries

Name Role Born Appointed Other companies
Ian Wallace Allan Director Jan 1990 9 Jan 2025 None
William Grant Allan Director Sep 1952 Not published 4 other companies
Karen Allan Secretary Not published 11 Aug 2022 –

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
4
closed down
3
still active
1

In the full report: all 4 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
  • All 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 January 2025Small company accountsNot audited

Net assets

£670k

+2.2% from £656k

Cash at bank

£389

Up £145 from £244

Employees (average)

9

−10% from 10

Owed within a year

£1.08m

+13% from £954k

Assets and liabilities

In the full report: all 6 years of accounts

  • Every year from 2020 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.

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

Accounts filed at Companies House for company SC033131. 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

Wallace Allan’s history from the FCA register and Companies House, newest first.

Key events (5) All events (9)

2026

25 July 2026

  • Ian Wallace Allan became a part-owner (25–50% of shares)

Companies House

2016

6 April 2016

  • William Grant Allan became the majority owner (50–75% of shares)

Companies House

2015

12 February 2015

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

1958

28 May 1958

  • Incorporated at Companies House

Companies House

In the full report: all 9 events

  • All 9 events in its history (5 shown here)
  • Every director appointment and resignation: 2
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Firms like Wallace Allan

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

In Ayr

Hunter Furnishings LimitedAyrAuthorisedNextday Catering Equipment LimitedAyrAuthorisedSsb Telco LtdAyrAppointed 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 Wallace Allan

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

  • 4 other companies its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 9 events in its history

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Frequently asked questions about this firm

Is Wallace Allan Limited FCA authorised?
Yes, Wallace Allan Limited (FRN 656892) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since February 2015 and works as a retailer. The FCA has placed no limits on its permissions.
What is Wallace Allan’s phone number and website?
The FCA register lists the phone number 01292 262516 and the website wallaceallan.co.uk for Wallace Allan. If you were given different contact details, use these to check with the firm before going any further.
Is Wallace Allan a scam or clone?
Wallace Allan 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 Wallace Allan?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Wallace Allan handles your money, so check the specific product before you commit. You can also refer complaints about Wallace Allan to the Financial Ombudsman Service, free of charge.
Who owns Wallace Allan?
Companies House lists 2 people with significant control of Wallace Allan: Mr William Grant Allan (50–75% of shares) and Mr Ian Wallace Allan (25–50% of shares).
Who runs Wallace Allan?
Companies House lists 2 directors of Wallace Allan: Ian Wallace Allan and William Grant Allan.
How long has Wallace Allan been in business?
The company was formed on 28 May 1958, and has held its current FCA authorisation since February 2015.
What do Wallace Allan’s latest accounts show?
Its latest accounts, to 31 January 2025, show net assets of £670k (+2.2% from £656k) and cash at bank of £389 (up £145 from £244).

Sources and links

The full report on Wallace Allan Limited

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