BAINLYE DRAKE WEALTH LIMITED

Reference number: 813928

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Appointed representative

This firm does not hold FCA authorisation of its own. It acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

EB ASSOCIATES GROUP LIMITED Reference number: 707424 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.
  • BAINLYE DRAKE WEALTH LIMITED (FRN 813928) is an AR of EB ASSOCIATES GROUP LIMITED (FRN 707424). When you use BAINLYE DRAKE WEALTH's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from BAINLYE DRAKE WEALTH, 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.

Identity

Check their details

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

  • Verified phone number

    0345 307 4077

  • Verified address

    Bainlye Drake Wealth Management, Howbury House, Thames Road, Dartford, Kent, DA1 4RQ, United Kingdom

Company details

From the company's Companies House record.

Concerns on the company record

  • Confirmation statement is overdue at Companies House.
Company number
11439110
Company status
Active
Company type
Private limited company
Incorporated
28 June 2018 (8 years old)
Registered office
585a Fulham Road, London, SW6 5UA, United Kingdom
Nature of business
  • Other service activities not elsewhere classified (SIC 96090)

Current directors and secretaries

Name Role Born Appointed
Alefa Bwalya Director May 1988 28 Jun 2018
Simon Drake Director Sep 1968 28 Jun 2018

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Protection through the principal firm
    Protection works through EB ASSOCIATES GROUP 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: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

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Common questions

Frequently asked questions

Is BAINLYE DRAKE WEALTH LIMITED FCA authorised?
BAINLYE DRAKE WEALTH LIMITED (FRN 813928) 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 BAINLYE DRAKE WEALTH?
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. BAINLYE DRAKE WEALTH LIMITED (FRN 813928) is an AR of EB ASSOCIATES GROUP LIMITED (FRN 707424). When you use BAINLYE DRAKE WEALTH's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from BAINLYE DRAKE WEALTH, 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.
Is my money safe with BAINLYE DRAKE WEALTH?
Protection works through EB ASSOCIATES GROUP LIMITED, the principal firm responsible for BAINLYE DRAKE WEALTH's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is BAINLYE DRAKE WEALTH a scam or clone?
BAINLYE DRAKE WEALTH is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is BAINLYE DRAKE WEALTH's Firm Reference Number (FRN)?
BAINLYE DRAKE WEALTH's FRN is 813928. You can verify it on the FCA register.