518Am (UK) Limited

Reference number: 1011132

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Appointed representative

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

Responsible principal firm

Finex LLP Reference number: 507537 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.
  • 518AM (UK) LIMITED (FRN 1011132) is an AR of Finex LLP (FRN 507537). When you use 518AM (UK)'s services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from 518AM (UK), 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.

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, 1 thing worth a closer look

  • When 518am.io first appeared online, and whether it can receive email
  • What kind of line 020 3008 2530 is, and the 5 other firms that give it
  • Whether EC1V 2NX is a shared office: 214 other firms give it
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FCA permissions and consumer protection

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

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
15513296
Company status
Active
Company type
Private limited company
Incorporated
22 February 2024 (2 years old)
Registered office
128 City Road, London, EC1V 2NX, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Mohit Dhawan Director Jan 1973 22 Feb 2024 2 other companies
Daniel Kasinski Director Aug 1983 22 Feb 2024 None

Other companies run by these 2 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
2
closed down
1
still active
1

In the full report: all 2 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
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Filed accounts and finances

Year to 28 February 2025Micro-entity accountsNot audited

Net assets

−£3,191

No earlier figure to compare

Employees (average)

2

No earlier figure to compare

Owed within a year

£7,891

No earlier figure to compare

Net assets are negative: on its last balance sheet the company owed £3,191 more than it owned.

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 15513296. 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

518Am (UK)’s history from the FCA register and Companies House, newest first.

2024

17 May 2024

  • Became an appointed representative

FCA register

22 February 2024

  • Incorporated at Companies House
  • Daniel Kasinski became a part-owner (25–50% of shares)
  • Mohit Dhawan became a part-owner (25–50% of shares)
  • Daniel Kasinski appointed as a director
  • Mohit Dhawan appointed as a director

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms connected to 518Am (UK)

Other FCA-listed firms that share a director, phone number or address with 518Am (UK). A link shows who the firm is tied to, not whether either can be trusted.

connected firms
2
share its phone number
2
share its postcode
1

In the full report: all 2 connected firms, named

  • How each is linked: the same phone number (2), the same postcode (1)
  • Who links each one: the named directors, with dates
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Firms like 518Am (UK)

Other firms of the same type (investment or fund manager), nearest first.

In London

Colliers International Property Advisers UK LLPLondonAppointed representativeChristian AidLondonAppointed representativeBain Capital (UK) LimitedLondonAppointed representativeJTC Employer Solutions (UK) LimitedLondonAppointed representativeHAN ETF LtdLondonAppointed representativeGQG Partners (UK) LtdLondonAppointed representative

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 518Am (UK)

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

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

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Frequently asked questions about this firm

Is 518Am (UK) Limited FCA authorised?
518Am (UK) Limited (FRN 1011132) 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 518Am (UK)?
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. 518Am (UK) Limited (FRN 1011132) is an AR of Finex LLP (FRN 507537). When you use 518Am (UK)'s services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from 518Am (UK), 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.
What is 518Am (UK)’s phone number and website?
The FCA register lists the phone number 020 3008 2530 and the website 518am.io for 518Am (UK). If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 5 other FCA firms.
Is 518Am (UK) a scam or clone?
518Am (UK) 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 518Am (UK)?
Protection works through Finex LLP, the principal firm responsible for 518Am (UK)'s regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns 518Am (UK)?
Companies House lists 2 people with significant control of 518Am (UK): Mr Daniel Kasinski (25–50% of shares) and Mr. Mohit Dhawan (25–50% of shares).
Who runs 518Am (UK)?
Companies House lists 2 directors of 518Am (UK): Mohit Dhawan and Daniel Kasinski.
How long has 518Am (UK) been in business?
The company was formed on 22 February 2024.
What do 518Am (UK)’s latest accounts show?
Its latest accounts, to 28 February 2025, show net assets of −£3,191 (no earlier figure to compare).

Sources and links

The full report on 518Am (UK) Limited

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