Wallace Financial Advisory Ltd

Reference number: 985050

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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

Dragon Brokers Limited Reference number: 599430 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.
  • Wallace Financial Advisory Ltd (FRN 985050) is an AR of Dragon Brokers Limited (FRN 599430). When you use Wallace Financial Advisory's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Wallace Financial Advisory, 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.

  • No website on the FCA register

  • Phone number

    07557 809616

  • Address

    Huddle, 3 Shortlands, London, Hammersmith And Fulham, W6 8DA, United Kingdom

In the full report: 2 background checks

  • What kind of line 07557 809616 is
  • Who else gives the postcode W6 8DA
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FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Dragon Brokers 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
13619808
Company status
Active
Company type
Private limited company
Incorporated
14 September 2021 (5 years old)
Registered office
Wallace Financial Advisory, Huddle Hammersmith,, 3 Shortlands, London, Greater London, W6 8DA, England
Nature of business
  • Management consultancy activities other than financial management (SIC 70229)

Directors and company secretaries

Name Role Born Appointed Other companies
Taoran Xu Director Mar 1990 14 Sep 2021 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 30 September 2025Micro-entity accountsNot audited

Net assets

−£223k

Down £43.2k from −£180k

Employees (average)

2

+100% from 1

Owed within a year

£227k

+22% from £186k

Net assets are negative: on its last balance sheet the company owed £223k more than it owned.

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2022 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 13619808. 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 Financial Advisory’s history from the FCA register and Companies House, newest first.

2022

11 October 2022

  • Became an appointed representative

FCA register

2021

14 September 2021

  • Incorporated at Companies House
  • Taoran Xu took control (75–100% of shares)
  • Taoran Xu appointed as a director

Companies House

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

Firms like Wallace Financial Advisory

Other firms of the same type (mortgage adviser or broker), nearest first.

In London

Purplebricks Mortgages LimitedLondonAppointed representativeDavid RounsfellLondonAppointed representativeEma Private Finance LimitedLondonAppointed representativeHarris ZubairLondonAppointed representativeHeather MaCaskillLondonAppointed representativeLawrence BolarinwaLondonAppointed 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 Financial Advisory

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
  • 2 background checks on its contact details
  • 4 years of accounts, charted
  • All 4 events in its history

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Frequently asked questions about this firm

Is Wallace Financial Advisory Ltd FCA authorised?
Wallace Financial Advisory Ltd (FRN 985050) 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 Wallace Financial Advisory?
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. Wallace Financial Advisory Ltd (FRN 985050) is an AR of Dragon Brokers Limited (FRN 599430). When you use Wallace Financial Advisory's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Wallace Financial Advisory, 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 Wallace Financial Advisory’s phone number?
The FCA register lists the phone number 07557 809616 for Wallace Financial Advisory. If you were given different contact details, use these to check with the firm before going any further.
Is Wallace Financial Advisory a scam or clone?
Wallace Financial Advisory 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 Financial Advisory?
Protection works through Dragon Brokers Limited, the principal firm responsible for Wallace Financial Advisory's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Wallace Financial Advisory?
Companies House lists one person with significant control of Wallace Financial Advisory: Ms Taoran Xu (75–100% of shares).
Who runs Wallace Financial Advisory?
Companies House lists one director of Wallace Financial Advisory: Taoran Xu.
How long has Wallace Financial Advisory been in business?
The company was formed on 14 September 2021.
What do Wallace Financial Advisory’s latest accounts show?
Its latest accounts, to 30 September 2025, show net assets of −£223k (down £43.2k from −£180k).

Sources and links

The full report on Wallace Financial Advisory Ltd

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