Draper Tools Limited

Reference number: 957419

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Introducer appointed representative

This firm can only introduce you to its principal, and cannot give financial advice, recommend products, or arrange deals alone.

Responsible principal firm

Cycle Solutions (Cycle to Work) Limited Reference number: 722968 Authorised View firm →
What does this mean?
  • An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own.
  • Draper Tools Limited (FRN 957419) introduces customers to Cycle Solutions (Cycle to Work) Limited (FRN 722968). Any regulated advice or arranging is done by the principal, not Draper Tools.
  • Example: if Draper Tools refers you to a financial adviser, the advice should come from the principal firm, not from Draper Tools itself.
  • 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.

Company details

From the company's Companies House record.

Company number
00570630
Company status
Active
Company type
Private limited company
Incorporated
23 August 1956 (69 years old)
Registered office
Draper Tools Limited, Hursley Road, Chandler's Ford, Eastleigh, Hampshire, SO53 1YF
Nature of business
  • Wholesale of machine tools (SIC 46620)

Current directors and secretaries

Name Role Born Appointed
Joseph Daniel Draper Director Apr 1987 10 Jan 2014
Thomas Edward Draper Director Dec 1984 10 Jan 2014
Matthew James Boschi Director Nov 1970 1 Sep 2020
Matthew Sheen Director Jun 1976 4 Jan 2023
Mark David Broughton Director Oct 1979 1 Jan 2024
John Norman Draper Director Jun 1950 Not published
Thomas Edward Draper Secretary Not published 31 Jan 2023

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 Cycle Solutions (Cycle to Work) 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 Draper Tools Limited FCA authorised?
Draper Tools Limited (FRN 957419) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does introducer appointed representative mean for Draper Tools?
An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own. Draper Tools Limited (FRN 957419) introduces customers to Cycle Solutions (Cycle to Work) Limited (FRN 722968). Any regulated advice or arranging is done by the principal, not Draper Tools. Example: if Draper Tools refers you to a financial adviser, the advice should come from the principal firm, not from Draper Tools itself. 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 Draper Tools?
Protection works through Cycle Solutions (Cycle to Work) Limited, the principal firm responsible for Draper Tools's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Draper Tools a scam or clone?
Draper Tools 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 Draper Tools's Firm Reference Number (FRN)?
Draper Tools's FRN is 957419. You can verify it on the FCA register.