122 Ideas Ltd

Reference number: 995375

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Registered with the FCA

This firm is registered to provide account information services. With your permission it can read your account data, but it cannot hold or move your money.

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

    07308 472189

  • Address

    122 Ideas Limited, 120 Aldersgate Street, Work.Life Unit #24, London, EC1A 4JQ, United Kingdom

In the full report: 2 background checks

  • What kind of line 07308 472189 is
  • Who else gives the postcode EC1A 4JQ
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Other names (3)

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

  • BetBudget Trading name
  • Department of Trust Trading name
  • 122 Ideas Limited Former name

FCA permissions and consumer protection

  • Account information No FSCS cover
    This firm does not hold or move your money, it only reads your account data with your permission. There are no customer funds to safeguard and FSCS protection does not arise. You can still complain about how it handled your data.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Limits on what they may do

  • Agents
    The firm will not onboard any agents.

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
12979583
Company status
Active
Company type
Private limited company
Incorporated
28 October 2020 (5 years old)
Registered office
86-90 Paul Street, London, England, EC2A 4NE, United Kingdom
Nature of business
  • Business and domestic software development (SIC 62012)
  • Data processing, hosting and related activities (SIC 63110)

Directors and company secretaries

Name Role Born Appointed Other companies
Charles Philip Cohen Director Sep 1969 28 Oct 2020 2 other companies
William Woods Scott Director Apr 1964 11 Mar 2022 26 other companies
Robindar Raj Chhabra Director Dec 1970 11 Mar 2022 4 other companies
Charles Mathew Fallon Director Aug 1962 11 Mar 2022 11 other companies
Hollis Michael Byrne Director Apr 1969 11 Mar 2022 None
Jason Morgan Chess (Dr) Director Dec 1964 1 Jul 2025 1 other company
Timothy Simon Mickley Director Jul 1969 21 Oct 2025 None

Other companies run by these 7 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
44
closed down
8
still active
35

In the full report: all 44 companies, named

  • What each company does, and whether it is still trading
  • Which of these 7 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 10 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Abridged accountsNot audited

Net assets

£939k

−22% from £1.20m

Cash at bank

£363k

−38% from £583k

Employees (average)

6

−33% from 9

Owed within a year

£29.8k

+95% from £15.3k

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2022 to 2025
  • 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 12979583. 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

122 Ideas’s history from the FCA register and Companies House, newest first.

Key events (6) All events (21)

2024

20 September 2024

  • Changed its registered name from "122 Ideas Limited"

FCA register

14 February 2024

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Agents)
  • Status on the FCA register became "Registered Account Information Service Provider"

FCA register

2020

28 October 2020

  • Incorporated at Companies House
  • Charles Philip Cohen became a part-owner (25–50% 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: 13
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Firms connected to 122 Ideas

Other FCA-listed firms that share a director, phone number or address with 122 Ideas. 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 122 Ideas

Other firms of the same type (payment or money transfer firm), nearest first.

In the Central London (EC) postcode area

Wise Payments LimitedLondonAuthorisedForisgfs UK LimitedLondonAuthorisedAirbnb Payments UK LimitedLondonAuthorisedMollie UK Ltd.LondonAuthorisedPayoneer Payment Services (UK) LimitedLondonAuthorisedPleo Financial Services UK LtdFarringdonAuthorised

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 122 Ideas

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

  • 44 other companies its directors have run, named
  • 2 background checks on its contact details
  • 4 years of accounts, charted
  • All 21 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is 122 Ideas Ltd FCA authorised?
Yes, 122 Ideas Ltd (FRN 995375) is registered with the FCA and permitted to provide its regulated services.
What is 122 Ideas’ phone number?
The FCA register lists the phone number 07308 472189 for 122 Ideas. If you were given different contact details, use these to check with the firm before going any further.
Is 122 Ideas a scam or clone?
122 Ideas 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 122 Ideas?
Protection depends on which product you hold and how 122 Ideas handles your money, so check the specific product before you commit. You can also refer complaints about 122 Ideas to the Financial Ombudsman Service, free of charge.
Who owns 122 Ideas?
Companies House lists one person with significant control of 122 Ideas: Mr Charles Philip Cohen (25–50% of shares).
Who runs 122 Ideas?
Companies House lists 7 directors of 122 Ideas: Charles Philip Cohen, William Woods Scott, Robindar Raj Chhabra, Charles Mathew Fallon, Hollis Michael Byrne, Jason Morgan Chess (Dr) and 1 more.
How long has 122 Ideas been in business?
The company was formed on 28 October 2020, and has held its current FCA authorisation since February 2024.
What do 122 Ideas’ latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £939k (−22% from £1.20m) and cash at bank of £363k (−38% from £583k).
Does 122 Ideas use any other names?
It trades as BetBudget and Department of Trust. It has previously used the name 122 Ideas Limited.

Sources and links

The full report on 122 Ideas Ltd

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