Evolution Finance Ltd

Reference number: 998443

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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

TMG Direct Limited Reference number: 786245 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.
  • Evolution Finance Ltd (FRN 998443) is an AR of TMG Direct Limited (FRN 786245). When you use Evolution Finance's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Evolution Finance, 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.

Also trades as
  • Evolution Finance Hub

Company details

From the company's Companies House record.

Company number
14770260
Company status
Active
Company type
Private limited company
Incorporated
30 March 2023 (3 years old)
Registered office
335-351 Rainham Road South, Dagenham, RM10 8QR, England
Nature of business
  • Activities of insurance agents and brokers (SIC 66220)
  • Buying and selling of own real estate (SIC 68100)
  • Other letting and operating of own or leased real estate (SIC 68209)
  • Other professional, scientific and technical activities not elsewhere classified (SIC 74909)

Current directors and secretaries

Name Role Born Appointed
Rasheed Kayode Bushura Director Oct 1986 30 Mar 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 TMG Direct 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 Evolution Finance Ltd FCA authorised?
Evolution Finance Ltd (FRN 998443) 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 Evolution Finance?
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. Evolution Finance Ltd (FRN 998443) is an AR of TMG Direct Limited (FRN 786245). When you use Evolution Finance's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Evolution Finance, 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 Evolution Finance?
Protection works through TMG Direct Limited, the principal firm responsible for Evolution Finance's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Evolution Finance a scam or clone?
Evolution Finance 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 Evolution Finance's Firm Reference Number (FRN)?
Evolution Finance's FRN is 998443. You can verify it on the FCA register.