247 Money Group Limited

Reference number: 804906

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Authorised by the FCA

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

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.

In the full report: 3 background checks

  • When 247money.com first appeared online, and whether it can receive email
  • What kind of line 0161 850 7823 is
  • Who else gives the postcode M4 7AJ
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Other names (3)

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

  • 247Money Trading name: A name it trades under now.
  • Choose my car Trading name: A name it trades under now.
  • Choosemycar.com Trading name: A name it trades under now.

FCA permissions and consumer protection

  • 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 (7 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt Administration
  • Debt-collecting
  • Debt-counselling
  • Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)

Limits on what they may do

  • Not permitted to canvass off trade premises
    The firm is not permitted to canvass regulated borrower-lender-supplier agreements or regulated consumer hire agreements off trade premises

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.

Concerns on the company record

  • Accounts are overdue at Companies House.
Company status
Active
Company type
Private limited company
Incorporated
29 September 2017 (9 years old)
Registered office
Universal Square, Devonshire Street North, Manchester, M12 6JH, United Kingdom
Nature of business
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Jonathan Louis Rix Director Jul 1984 18 May 2018 4 other companies
Reginald Roy Jody Rix Director Nov 1982 18 May 2018 5 other companies
Julian Davenport Director Oct 1967 2 May 2019 4 other companies

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
6
closed down
3
is FCA-registered
1

In the full report: all 6 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 4 companies these 3 directors run together
  • All 8 people who have ever been directors, with their dates
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Key dates in its history

247 Money Group’s history from the FCA register and Companies House, newest first.

2018

16 August 2018

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Not permitted to canvass off trade premises)
  • Became authorised by the FCA

FCA register

29 May 2018

  • 247 Money Group Holdings Limited took control (75–100% of shares)
  • Inhoco Formations Limited gave up control

Companies House

2017

29 September 2017

  • Incorporated at Companies House
  • Inhoco Formations Limited took control (75–100% of shares)

Companies House

In the full report: all 22 events

  • All 22 events in its history (7 shown here)
  • Every director appointment and resignation: 9
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Firms connected to 247 Money Group

Other FCA-listed firms that share a director, phone number or address with 247 Money Group. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share a director
1

In the full report: the connected firm, named

  • How it is linked: shared directors (1)
  • Who links it to this firm: the named directors, with dates
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Firms like 247 Money Group

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

In Manchester

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 247 Money Group

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

  • 6 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 22 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is 247 Money Group Limited FCA authorised?
Yes, 247 Money Group Limited (FRN 804906) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since August 2018 and works as a lender. The FCA has placed a limit on what it may do.
What is 247 Money Group’s phone number and website?
The FCA register lists the phone number 0161 850 7823 and the website 247money.com for 247 Money Group. If you were given different contact details, use these to check with the firm before going any further.
Is 247 Money Group a scam or clone?
247 Money Group 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 247 Money Group?
It may control client money but not hold it. Protection depends on which product you hold and how 247 Money Group handles your money, so check the specific product before you commit. You can also refer complaints about 247 Money Group to the Financial Ombudsman Service, free of charge.
Who owns 247 Money Group?
247 Money Group is owned by 247 Money Group Holdings Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 29 May 2018. Before that, it was controlled by Inhoco Formations Limited.
Who runs 247 Money Group?
Companies House lists 3 directors of 247 Money Group: Jonathan Louis Rix, Reginald Roy Jody Rix and Julian Davenport.
How long has 247 Money Group been in business?
The company was formed on 29 September 2017, and has held its current FCA authorisation since August 2018.
Does 247 Money Group use any other names?
It trades as 247Money, Choose my car and Choosemycar.com.

Sources and links

The full report on 247 Money Group Limited

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