Watts & Smith Ltd

Reference number: 194744

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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

Sesame Limited Reference number: 150427 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.
  • Watts & Smith Ltd (FRN 194744) is an AR of Sesame Limited (FRN 150427). When you use Watts & Smith's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Watts & Smith, 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

    01625 612700

  • Address

    1 Statham Court, Statham Street, Macclesfield, Cheshire, SK11 6XN, United Kingdom

In the full report: 2 background checks

  • What kind of line 01625 612700 is
  • Who else gives the postcode SK11 6XN
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Other names (1)

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

  • Watts & Smith Ltd (3096) Former name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Sesame 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 name
WATTS & SMITH LIMITED
Company number
04107130
Company status
Active
Company type
Private limited company
Incorporated
14 November 2000 (25 years old)
Registered office
Matches the FCA register address ✓
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Andrew Fraser Smith Director Feb 1971 20 Nov 2000 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • All 3 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

£21.5k

−68% from £66.6k

Cash at bank

£52.6k

−27% from £72.0k

Employees (average)

4

−20% from 5

Owed within a year

£37.9k

+278% from £10.0k

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 04107130. 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 & Smith’s history from the FCA register and Companies House, newest first.

Key events (6) All events (9)

2016

15 November 2016

  • Andrew Fraser Smith took control (75–100% of shares)

Companies House

6 April 2016

  • Andrew Fraser Smith became the majority owner (50–75% of shares)
  • Susan Smith became a part-owner (25–50% of shares)

Companies House

2015

27 January 2015

  • Changed its registered name from "Watts & Smith Ltd (3096)"

FCA register

2001

18 January 2001

  • Became an appointed representative

FCA register

2000

14 November 2000

  • Incorporated at Companies House

Companies House

In the full report: all 9 events

  • All 9 events in its history (6 shown here)
  • Every director appointment and resignation: 3
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Firms connected to Watts & Smith

Other FCA-listed firms that share a director, phone number or address with Watts & Smith. 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 Watts & Smith

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

In Macclesfield

Andrew OakesMacclesfieldAppointed representativeCheshire Mortgage CentreMacclesfieldAppointed representativeCheshire Mortgage Solutions LtdMacclesfieldAppointed representativeGecko Mortgage Brokers LtdMacclesfieldAppointed representativeMarquis Financial Services LimitedMacclesfieldAppointed representativeOptimise Money Group LimitedMacclesfieldAppointed 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 Watts & Smith

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
  • 7 years of accounts, charted
  • All 9 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Watts & Smith Ltd FCA authorised?
Watts & Smith Ltd (FRN 194744) 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 Watts & Smith?
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. Watts & Smith Ltd (FRN 194744) is an AR of Sesame Limited (FRN 150427). When you use Watts & Smith's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Watts & Smith, 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 Watts & Smith’s phone number?
The FCA register lists the phone number 01625 612700 for Watts & Smith. If you were given different contact details, use these to check with the firm before going any further.
Is Watts & Smith a scam or clone?
Watts & Smith 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 & Smith?
Protection works through Sesame Limited, the principal firm responsible for Watts & Smith's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Watts & Smith?
Companies House lists 3 people with significant control of Watts & Smith: Mr Andrew Fraser Smith (75–100% of shares), Mr Andrew Fraser Smith (50–75% of shares) and Mrs Susan Smith (25–50% of shares).
Who runs Watts & Smith?
Companies House lists one director of Watts & Smith: Andrew Fraser Smith.
How long has Watts & Smith been in business?
The company was formed on 14 November 2000.
What do Watts & Smith’s latest accounts show?
Its latest accounts, to 31 March 2026, show net assets of £21.5k (−68% from £66.6k) and cash at bank of £52.6k (−27% from £72.0k).
Does Watts & Smith use any other names?
It has previously used the name Watts & Smith Ltd (3096).

Sources and links

The full report on Watts & Smith Ltd

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