Wallace Home Finance Ltd

Reference number: 912369

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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

Mortgage Advice Bureau Limited Reference number: 455545 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 Home Finance Ltd (FRN 912369) is an AR of Mortgage Advice Bureau Limited (FRN 455545). When you use Wallace Home Finance's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Wallace Home Finance, 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

    0330 133 0988

  • Address

    Airedale House, 423 Kirkstall Road, Leeds, West Yorkshire, LS4 2EW, United Kingdom

In the full report: 2 background checks

  • What kind of line 0330 133 0988 is
  • Who else gives the postcode LS4 2EW
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Other names (1)

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

  • First Time Buyer Club Former trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Mortgage Advice Bureau 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
10549264
Company status
Active
Company type
Private limited company
Incorporated
5 January 2017 (9 years old)
Registered office
Airedale House, Kirkstall Road, Leeds, LS4 2EW, England
Nature of business
  • Financial management (SIC 70221)

Directors and company secretaries

Name Role Born Appointed Other companies
Colin Simpson Wallace Director Feb 1971 5 Jan 2017 1 other company
Caroline Elizabeth Wallace Director Mar 1968 12 Jan 2026 1 other company

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 company
1
still active
1
run together
1

In the full report: all 1 company, 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 1 company these 2 directors run together
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Filed accounts and finances

Year to 31 March 2025Small company accountsNot audited

Net assets

−£10.1k

Down £10.5k from £387

Cash at bank

£15.0k

−23% from £19.5k

Employees (average)

3

+50% from 2

Owed within a year

£29.0k

+5.5% from £27.5k

Net assets are negative: on its last balance sheet the company owed £10.1k more than it owned.

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 10549264. 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 Home Finance’s history from the FCA register and Companies House, newest first.

Key events (4) All events (8)

2019

16 August 2019

  • Became an appointed representative

FCA register

2017

5 January 2017

  • Incorporated at Companies House
  • Caroline Elizabeth Wallace became a part-owner (25–50% of shares)
  • Colin Simpson Wallace became the majority owner (50–75% of shares)

Companies House

In the full report: all 8 events

  • All 8 events in its history (4 shown here)
  • Every director appointment and resignation: 2
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Firms connected to Wallace Home Finance

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

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Wallace Home Finance

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

In Leeds

Adam MacKenzie & PartnersLeedsAppointed representativeAndrew William BlackburnLeedsAppointed representativeAndrew YoungLeedsAppointed representativeArqera Capital LimitedLeedsAppointed representativeAyla Wealth Management LtdLeedsAppointed representativeBartlett Employee Benefits LimitedLeedsAppointed 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 Home Finance

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

  • 1 other company its directors have run, named
  • 2 background checks on its contact details
  • 6 years of accounts, charted
  • All 8 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Wallace Home Finance Ltd FCA authorised?
Wallace Home Finance Ltd (FRN 912369) 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 Home Finance?
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 Home Finance Ltd (FRN 912369) is an AR of Mortgage Advice Bureau Limited (FRN 455545). When you use Wallace Home Finance's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Wallace Home Finance, 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 Home Finance’s phone number?
The FCA register lists the phone number 0330 133 0988 for Wallace Home Finance. If you were given different contact details, use these to check with the firm before going any further.
Is Wallace Home Finance a scam or clone?
Wallace Home Finance 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 Home Finance?
Protection works through Mortgage Advice Bureau Limited, the principal firm responsible for Wallace Home Finance's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Wallace Home Finance?
Companies House lists 2 people with significant control of Wallace Home Finance: Mr Colin Simpson Wallace (50–75% of shares) and Mrs Caroline Elizabeth Wallace (25–50% of shares).
Who runs Wallace Home Finance?
Companies House lists 2 directors of Wallace Home Finance: Colin Simpson Wallace and Caroline Elizabeth Wallace.
How long has Wallace Home Finance been in business?
The company was formed on 5 January 2017.
What do Wallace Home Finance’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of −£10.1k (down £10.5k from £387) and cash at bank of £15.0k (−23% from £19.5k).
Does Wallace Home Finance use any other names?
It has previously used the name First Time Buyer Club.

Sources and links

The full report on Wallace Home Finance Ltd

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