Watts Commercial Finance Limited

Reference number: 718058

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Authorisation being cancelled

This firm has asked the FCA to cancel its authorisation. It is still in force until the FCA processes the application, so existing business keeps its protection, but its regulated work is winding down.

This company holds another FCA record

A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.

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 watts-commercial.co.uk first appeared online, and whether it can receive email
  • What kind of line 01270 611000 is
  • Who else gives the postcode CW5 6PF
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Other names (1)

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

  • Watts Property Finance Trading name

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 (3 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling

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
05075236
Company status
Active
Company type
Private limited company
Incorporated
16 March 2004 (22 years old)
Registered office
6 Alvaston Business Park, Middlewich Road, Nantwich, Cheshire, CW5 6PF, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Philip John Gray Director Nov 1971 3 Aug 2006 6 other companies
Jeremy Paul Gibson Director May 1973 23 Dec 2024 87 other companies
Mayank Prakash Director Jan 1973 21 Oct 2025 57 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
98
closed down
19
went insolvent
1

In the full report: all 98 companies, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • The one that went into liquidation or administration
  • The 37 on the FCA register, including one no longer authorised
  • The 52 companies these 3 directors run together
  • All 6 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 July 2024Full accountsNot audited

Net assets

£572k

−22% from £730k

Cash at bank

£1.50m

−5.4% from £1.59m

Employees (average)

40

+8.1% from 37

Owed within a year

£1.19m

+7.1% from £1.11m

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2020 to 2024
  • 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 05075236. 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

Watts Commercial Finance’s history from the FCA register and Companies House, newest first.

Key events (8) All events (18)

2024

23 December 2024

  • Andrew Michael Watts stopped being a part-owner
  • Philip John Gray stopped being a part-owner
  • Pivotal Growth Limited took control (75–100% of shares)

Companies House

2016

6 April 2016

  • Andrew Michael Watts became a part-owner (25–50% of shares)
  • Philip John Gray became a part-owner (25–50% of shares)

Companies House

2015

30 December 2015

  • Regulated by the FCA from this date
  • Applied to cancel its FCA authorisation

FCA register

2004

16 March 2004

  • Incorporated at Companies House

Companies House

In the full report: all 18 events

  • All 18 events in its history (8 shown here)
  • Every director appointment and resignation: 7
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Firms connected to Watts Commercial Finance

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

connected firms
2
share its postcode
2

In the full report: all 2 connected firms, named

  • How each is linked: the same postcode (2)
  • Who links each one: the named directors, with dates
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Get the full report on Watts Commercial Finance

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

  • 98 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 18 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Watts Commercial Finance Limited FCA authorised?
Watts Commercial Finance Limited (FRN 718058) is on the FCA register, but its authorisation is changing (authorisation being cancelled). Check the register before dealing with it.
What is Watts Commercial Finance’s phone number and website?
The FCA register lists the phone number 01270 611000 and the website watts-commercial.co.uk for Watts Commercial Finance. If you were given different contact details, use these to check with the firm before going any further.
Is Watts Commercial Finance a scam or clone?
Watts Commercial 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 Watts Commercial Finance?
Protection depends on which product you hold and how Watts Commercial Finance handles your money, so check the specific product before you commit. You can also refer complaints about Watts Commercial Finance to the Financial Ombudsman Service, free of charge.
Who owns Watts Commercial Finance?
Watts Commercial Finance is owned by Pivotal Growth Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 23 December 2024. Before that, it was controlled by Mr Philip John Gray and Mr Andrew Michael Watts.
Who runs Watts Commercial Finance?
Companies House lists 3 directors of Watts Commercial Finance: Philip John Gray, Jeremy Paul Gibson and Mayank Prakash.
How long has Watts Commercial Finance been in business?
The company was formed on 16 March 2004.
What do Watts Commercial Finance’s latest accounts show?
Its latest accounts, to 31 July 2024, show net assets of £572k (−22% from £730k) and cash at bank of £1.50m (−5.4% from £1.59m).
Does Watts Commercial Finance use any other names?
It trades as Watts Property Finance.

Sources and links

The full report on Watts Commercial Finance Limited

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