Ace Union Limited: FCA regulated?

Authorised by the FCA

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

Authorised for 8 years
Your funds are safeguarded
No FCA actions
Active company since 2015
Accounts filed up to 31 December 2024

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.

Website

ACEUNION.COM (opens in a new tab)
Phone number

0161 414 0040
Address

1 PORTLAND ST, Manchester, M1 3BE, United Kingdom

In the full report: 3 background checks

When aceunion.com first appeared online, and whether it can receive email
What kind of line 0161 414 0040 is
Who else gives the postcode M1 3BE

Other names (2)

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

ACE Trading name: A name it trades under now.
ACE PAY Trading name: A name it trades under now.

FCA permissions and consumer protection

Handle payments & transfers Funds safeguarded
Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
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 (8 permissions)

a) Services enabling cash placement on a payment account
b) Services enabling cash withdrawals from a payment account
c) Execution of payment transactions (not covered by a credit line)
d) Execution of payment transactions (covered by a credit line)
e) Issuing payment instruments or acquiring payment transactions
f) Money remittance
g) Execution of payment transactions via telecoms, IT system or network operator
h) Issuing Electronic Money

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: 09530233 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 8 April 2015 (11 years old)
Registered office: 1 Portland Street, Manchester, M1 3BE, United Kingdom
Nature of business: Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Aftab Ashraf	Director	May 1973	8 Apr 2015	5 other companies
Rashid Ashraf	Director	Aug 1978	26 Jun 2026	1 other company
Unniza Ali	Secretary	Not published	16 Mar 2026	–

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: 5
closed down: 1
is FCA-registered: 1

In the full report: all 5 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
The one on the FCA register, including one no longer authorised
The 1 company these 2 directors run together
All 3 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 December 2024Full accountsAudited

Profit before tax

−£283k

Down £87.9k from −£195k

Total equity

£312k

−48% from £595k

Cash at bank

£431k

+9.9% from £393k

Owed within a year

£249k

+50% from £166k

The accounts for the year to 31 December 2024 do not tag turnover in a form that can be read automatically, so it is not shown. The last tagged figure is £1,898, for the year to 31 December 2023.

* Cash at bank usually includes customers’ money.

Profit before tax

In the full report: all 5 years of accounts

Every year from 2020 to 2024
Both charts, over every year
Every filed figure, year by year

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.

Accounts filed at Companies House for company 09530233. 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 Union’s history from the FCA register and Companies House, newest first.

Key events (4) All events (10)

2018

3 May 2018

Became an authorised e-money institution

FCA register

2016

8 July 2016

Regulated by the FCA from this date

FCA register

6 April 2016

Ace Money Transfer Limited took control (75–100% of shares)

Companies House

2015

8 April 2015

Incorporated at Companies House

Companies House

In the full report: all 10 events

All 10 events in its history (4 shown here)
Every director appointment and resignation: 4

Firms connected to Ace Union

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

connected firm: 1
share a director: 1
share its postcode: 1

In the full report: the connected firm, named

How it is linked: shared directors (1), the same postcode (1)
Who links it to this firm: the named directors, with dates

Firms like Ace Union

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

In Manchester

Ace Money Transfer LimitedManchesterAuthorised Hammock Financial Services LtdManchesterRegistered Bayze Trading LtdManchesterRegistered Debit Direct LtdManchesterAuthorised Easy Cash Card LimitedManchesterRegistered Edward Olakunle AdebanjoManchesterRegistered

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 Union

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

5 other companies its directors have run, named
3 background checks on its contact details
5 years of accounts, charted
All 10 events in its history
1 connected firm, named, and who links them

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Ace Union Limited FCA authorised?

Yes, Ace Union Limited (FRN 900476) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since May 2018 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.

What is Ace Union’s phone number and website?

The FCA register lists the phone number 0161 414 0040 and the website ACEUNION.COM for Ace Union. If you were given different contact details, use these to check with the firm before going any further.

Is Ace Union a scam or clone?

Ace Union 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 Union?

It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about Ace Union to the Financial Ombudsman Service, free of charge.

Who owns Ace Union?

Ace Union is owned by Ace Money Transfer Limited, which holds 75–100% of shares, since 6 April 2016.

Who runs Ace Union?

Companies House lists 2 directors of Ace Union: Aftab Ashraf and Rashid Ashraf.

How long has Ace Union been in business?

The company was formed on 8 April 2015, and has held its current FCA authorisation since May 2018.

What do Ace Union’s latest accounts show?

Its latest accounts, to 31 December 2024, show profit before tax of −£283k (down £87.9k from −£195k) and total equity of £312k (−48% from £595k).

Does Ace Union use any other names?

It trades as ACE and ACE PAY.