Wallace Nichols Financial Services Limited

Reference number: 226348

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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 wallacenichols.co.uk first appeared online, and whether it can receive email
  • What kind of line 023 9235 2943 is
  • Who else gives the postcode PO5 2AT
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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.
  • Advise on or arrange mortgages FSCS may apply
    Mortgage advice and arranging may be FSCS-covered, up to the limit that applies.
  • 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 (12 permissions)
  • Acting as a CBTL advisor
  • Acting as a CBTL arranger
  • Acting as a CBTL Arranger
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Advising on regulated mortgage contracts
  • Arranging (bringing about) deals in investments
  • Arranging (bringing about) regulated mortgage contracts
  • Credit Broking
  • Debt-counselling
  • Making arrangements with a view to regulated mortgage contracts
  • 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 number
03933028
Company status
Active
Company type
Private limited company
Incorporated
24 February 2000 (26 years old)
Registered office
3 Marmion Road, Southsea, Hampshire, PO5 2AT, England
Nature of business
  • Administration of financial markets (SIC 66110)

Directors and company secretaries

Name Role Born Appointed Other companies
Michael Nichols Director Jan 1964 24 Feb 2000 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • Both people who have been directors, with their dates
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Filed accounts and finances

Year to 31 March 2026Small company accountsNot audited

Net assets

£508k

No earlier figure to compare

Cash at bank

£344k

+2.4% from £336k

Employees (average)

2

Same as 2

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2020 to 2026
  • 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 03933028. 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 Nichols Financial Services’s history from the FCA register and Companies House, newest first.

Key events (5) All events (9)

2016

6 April 2016

  • Michael Nichols took control (75–100% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2003

18 December 2003

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

FCA register

2000

24 February 2000

  • 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: 1
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Firms like Wallace Nichols Financial Services

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

In Southsea

Cameron Asset Management LimitedSouthseaAuthorisedCompetitive Edge Wealth Creation LtdSouthseaAuthorisedPebble Payroll LimitedSouthseaAppointed 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 Nichols Financial Services

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
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 9 events in its history

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Frequently asked questions about this firm

Is Wallace Nichols Financial Services Limited FCA authorised?
Yes, Wallace Nichols Financial Services Limited (FRN 226348) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since December 2003 and works as a financial adviser. The FCA has placed no limits on its permissions.
What is Wallace Nichols Financial Services’ phone number and website?
The FCA register lists the phone number 023 9235 2943 and the website wallacenichols.co.uk for Wallace Nichols Financial Services. If you were given different contact details, use these to check with the firm before going any further.
Is Wallace Nichols Financial Services a scam or clone?
Wallace Nichols Financial Services 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 Nichols Financial Services?
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 Wallace Nichols Financial Services to the Financial Ombudsman Service, free of charge.
Who owns Wallace Nichols Financial Services?
Companies House lists one person with significant control of Wallace Nichols Financial Services: Mr Michael Nichols (75–100% of shares).
Who runs Wallace Nichols Financial Services?
Companies House lists one director of Wallace Nichols Financial Services: Michael Nichols.
How long has Wallace Nichols Financial Services been in business?
The company was formed on 24 February 2000, and has held its current FCA authorisation since December 2003.
What do Wallace Nichols Financial Services’ latest accounts show?
Its latest accounts, to 31 March 2026, show net assets of £508k (no earlier figure to compare) and cash at bank of £344k (+2.4% from £336k).

Sources and links

The full report on Wallace Nichols Financial Services Limited

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