Wealthmax Financial Advisers Limited: FCA regulated?

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Authorised for 9 years
Your funds are protected by FSCS
No FCA actions
Active company since 2016
Accounts filed up to 31 March 2025

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.

Website

wealthmax.co.uk (opens in a new tab)
Phone number

020 3675 8998
Address

The Mille, River Suite 3rd Floor, 1000 Great West Road, Brentford, Hounslow, TW8 9DW, United Kingdom

In the full report: 3 background checks

When wealthmax.co.uk first appeared online, and whether it can receive email
What kind of line 020 3675 8998 is, and the other firm that gives it
Who else gives the postcode TW8 9DW

Other names (4)

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

Wealthmax Trading name: A name it trades under now.
Wealthmax Financial Advisers Ltd Former name: A name it was registered under before.
Goldstar Mortgage & Financial Former trading name: A name it used to trade under.
Prism Financial Services Former trading name: A name it used to trade under.

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 (14 permissions)

Acting as a CBTL advisor
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 regulated mortgage contracts
Arranging (bringing about) deals in investments
Arranging (bringing about) regulated mortgage contracts
Credit Broking
Dealing in investments as agent
Debt Adjusting
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: 10501962 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 29 November 2016 (9 years old)
Registered office: The Mille, River Suite 3rd Floor, 1000 Great West Road, Brentford, TW8 9DW, England
Nature of business: Activities of insurance agents and brokers (SIC 66220)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Raja Kanakamedala	Director	Jun 1982	14 Jul 2017	11 other companies
Mandeep Singh	Director	Feb 1983	15 Aug 2019	9 other companies
Jasmeet Singh	Director	Aug 1982	13 May 2022	1 other company

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: 20
closed down: 4
is FCA-registered: 1

In the full report: all 20 companies, named

What each company does, and whether it is still trading
Which of these 3 directors sit on each board, and since when
Any that went into liquidation or administration
The one on the FCA register
The 1 company these 3 directors run together
All 4 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 March 2025Small company accountsNot audited

Net assets

£181k

+20% from £151k

Employees (average)

16

−11% from 18

Net assets

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

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 10501962. Figures are exactly as filed; nothing is estimated.

Key dates in its history

Wealthmax Financial Advisers’s history from the FCA register and Companies House, newest first.

Key events (6) All events (21)

2019

15 August 2019

Mandeep Singh became a part-owner (25–50% of shares)

Companies House

2018

23 March 2018

Changed its registered name from "Wealthmax Financial Advisers Ltd"

FCA register

2017

16 June 2017

Regulated by the FCA from this date
Became authorised by the FCA

FCA register

2016

29 November 2016

Incorporated at Companies House
Raja Kanakamedala became the majority owner (50–75% of shares)

Companies House

In the full report: all 21 events

All 21 events in its history (6 shown here)
Every director appointment and resignation: 7

Firms connected to Wealthmax Financial Advisers

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

connected firms: 3
share a director: 1
share its phone number: 1

In the full report: all 3 connected firms, named

How each is linked: shared directors (1), the same phone number (1), the same postcode (3)
Who links each one: the named directors, with dates

Firms like Wealthmax Financial Advisers

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

In the Twickenham (TW) postcode area

360 Financial Management LimitedRichmondAuthorised 3Sixty Financial LimitedSunbury-on-ThamesAuthorised Anderson Financial LimitedHampton HIllAuthorised Aspire Mortgages & Financial Services LtdTwickenhamAuthorised Asquire Wealth Management LimitedRichmondAuthorised Charterhall Associates LimitedSheppertonAuthorised

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 Wealthmax Financial Advisers

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

20 other companies its directors have run, named
3 background checks on its contact details
6 years of accounts, charted
All 21 events in its history
3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Wealthmax Financial Advisers Limited FCA authorised?

Yes, Wealthmax Financial Advisers Limited (FRN 766509) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since June 2017 and works as a financial adviser. The FCA has placed no limits on its permissions.

What is Wealthmax Financial Advisers’ phone number and website?

The FCA register lists the phone number 020 3675 8998 and the website wealthmax.co.uk for Wealthmax Financial Advisers. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by one other FCA firm.

Is Wealthmax Financial Advisers a scam or clone?

Wealthmax Financial Advisers 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 Wealthmax Financial Advisers?

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 Wealthmax Financial Advisers to the Financial Ombudsman Service, free of charge.

Who owns Wealthmax Financial Advisers?

Companies House lists 2 people with significant control of Wealthmax Financial Advisers: Mr Raja Kanakamedala (50–75% of shares) and Mandeep Singh (25–50% of shares).

Who runs Wealthmax Financial Advisers?

Companies House lists 3 directors of Wealthmax Financial Advisers: Raja Kanakamedala, Mandeep Singh and Jasmeet Singh.

How long has Wealthmax Financial Advisers been in business?

The company was formed on 29 November 2016, and has held its current FCA authorisation since June 2017.

What do Wealthmax Financial Advisers’ latest accounts show?

Its latest accounts, to 31 March 2025, show net assets of £181k (+20% from £151k).

Does Wealthmax Financial Advisers use any other names?

It trades as Wealthmax. It has previously used 3 other names: Wealthmax Financial Advisers Ltd, Goldstar Mortgage & Financial and Prism Financial Services.