Ace Properties (Leicester) Ltd

Reference number: 767578

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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

LET INSURANCE SERVICES LTD Reference number: 474985 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.
  • Ace Properties (Leicester) Ltd (FRN 767578) is an AR of LET INSURANCE SERVICES LTD (FRN 474985). When you use Ace Properties (Leicester)'s services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Ace Properties (Leicester), 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

  • When aceproperties.co.uk first appeared online, and whether it can receive email
  • What kind of line 0116 273 5373 is
  • Who else gives the postcode LE2 1HL
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FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Let Insurance Services Ltd, 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
04318563
Company status
Active
Company type
Private limited company
Incorporated
7 November 2001 (24 years old)
Registered office
Watergates Building, 109 Coleman Road, Leicester, LE5 4LE
Nature of business
  • Other letting and operating of own or leased real estate (SIC 68209)
  • Real estate agencies (SIC 68310)
  • Management of real estate on a fee or contract basis (SIC 68320)
  • Other service activities not elsewhere classified (SIC 96090)

Directors and company secretaries

Name Role Born Appointed Other companies
Ashraf Abdul Karim Okhai Director Jan 1962 7 Nov 2001 6 other companies
Mahomed Rafik Okhai Secretary Not published 7 Nov 2001 –

Other companies run by its director

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
1
still active
5

In the full report: all 6 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • All 2 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 December 2025Small company accountsNot audited

Net assets

£87.7k

−78% from £400k

Cash at bank

£11.9k

−72% from £42.1k

Employees (average)

13

Same as 13

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2019 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 04318563. 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

Ace Properties (Leicester)’s history from the FCA register and Companies House, newest first.

2025

21 February 2025

  • Ace Properties (Holdings) Ltd took control (75–100% of shares)
  • Ashraf Abdul Karim Okhai stopped being a part-owner
  • Mahomed Rafik Okhai stopped being a part-owner
  • Nazir Okhai stopped being a part-owner

Companies House

2016

16 December 2016

  • Became an appointed representative

FCA register

6 April 2016

  • Ashraf Abdul Karim Okhai became a part-owner (25–50% of shares)
  • Mahomed Rafik Okhai became a part-owner (25–50% of shares)
  • Nazir Okhai became a part-owner (25–50% of shares)

Companies House

2001

7 November 2001

  • Incorporated at Companies House
  • Ashraf Abdul Karim Okhai appointed as a director

Companies House

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

Firms connected to Ace Properties (Leicester)

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

connected firms
2
share its postcode
2

In the full report: all 2 connected firms, named

  • How each is linked: the same postcode (2)
  • Who links each one: the named directors, with dates
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Firms like Ace Properties (Leicester)

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

In Leicester

Albany Insurance Brokers LimitedLeicesterAppointed representativeAncasure LtdLeicesterAppointed representativeAsttor LimitedLeicesterAppointed representativeBespoke Benefit Solutions LimitedLeicesterAppointed representativeBradcaster Insurance Brokers LtdLeicesterAppointed representativeBrokerbility Information Gateway LtdLeicesterAppointed 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 Ace Properties (Leicester)

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
  • 7 years of accounts, charted
  • All 10 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Ace Properties (Leicester) Ltd FCA authorised?
Ace Properties (Leicester) Ltd (FRN 767578) 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 Ace Properties (Leicester)?
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. Ace Properties (Leicester) Ltd (FRN 767578) is an AR of LET INSURANCE SERVICES LTD (FRN 474985). When you use Ace Properties (Leicester)'s services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Ace Properties (Leicester), 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 Ace Properties (Leicester)’s phone number and website?
The FCA register lists the phone number 0116 273 5373 and the website aceproperties.co.uk for Ace Properties (Leicester). If you were given different contact details, use these to check with the firm before going any further.
Is Ace Properties (Leicester) a scam or clone?
Ace Properties (Leicester) 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 Ace Properties (Leicester)?
Protection works through Let Insurance Services Ltd, the principal firm responsible for Ace Properties (Leicester)'s regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Ace Properties (Leicester)?
Ace Properties (Leicester) is owned by Ace Properties (Holdings) Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 21 February 2025. Before that, it was controlled by Mr Ashraf Abdul Karim Okhai, Mr Mahomed Rafik Okhai and Mr. Nazir Okhai.
Who runs Ace Properties (Leicester)?
Companies House lists one director of Ace Properties (Leicester): Ashraf Abdul Karim Okhai.
How long has Ace Properties (Leicester) been in business?
The company was formed on 7 November 2001.
What do Ace Properties (Leicester)’s latest accounts show?
Its latest accounts, to 31 December 2025, show net assets of £87.7k (−78% from £400k) and cash at bank of £11.9k (−72% from £42.1k).

Sources and links

The full report on Ace Properties (Leicester) Ltd

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