Adale Dawit Dagnachew (ADD) Ltd
Reference number: 941000
Instant download
Registered with the FCA
This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.
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.
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Phone number
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Address
20-22 Wenlock Road, London, N1 7GU, United Kingdom
In the full report: 3 background checks, 1 thing worth a closer look
- When addmoneytransfer.com first appeared online, and whether it can receive email
- What kind of line 07832 299407 is
- Whether N1 7GU is a shared office: 88 other firms give it
Other names (3)
If you were contacted under any of these names, it is this firm.
- ADD Money Transfer Trading name: A name it trades under now.
- Etihad Money Transfer Trading name: A name it trades under now.
- Tigris Pay Money Transfer Former trading name: A name it used to trade under.
FCA permissions and consumer protection
- Handle payments & transfers No FSCS coverSafeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.
- Complaints Ombudsman, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (1 permission)
- 6. Money remittance.
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
- 12005108 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 20 May 2019 (7 years old)
- Registered office
- 20-22 Wenlock Road, London, N1 7GU, England
- Nature of business
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- Activities of financial services holding companies (SIC 64205)
- Financial intermediation not elsewhere classified (SIC 64999)
- Financial management (SIC 70221)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Vishal Ashok Patil | Director | Sep 1984 | 16 Sep 2024 | 6 other companies |
| Abdul Latif Matin | Director | Jun 1973 | 13 Apr 2026 | 3 other companies |
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
- 9
- closed down
- 1
- is FCA-registered
- 1
In the full report: all 9 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
- All 4 people who have ever been directors, with their dates
Filed accounts and finances
Net assets
£1
Down £348 from £349
Cash at bank
£1
No earlier figure to compare
These accounts were filed as dormant: the company reported no significant trading in the period.
Net assets
In the full report: all 6 years of accounts
- Every year from 2020 to 2025
- The chart, 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 12005108. 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
Adale Dawit Dagnachew (ADD)’s history from the FCA register and Companies House, newest first.
2024
16 September 2024
- Board replaced: its only director left and a new director took over
- Adale Dawit Dagnachew gave up control
- Vishal Ashok Patil took control (75–100% of shares)
Companies House
2021
13 December 2021
- Regulated by the FCA from this date
- Registered as a small payment institution
FCA register
22 October 2021
- Supervised by HMRC under the money laundering rules from this date
FCA register
2019
20 May 2019
- Incorporated at Companies House
- Adale Dawit Dagnachew took control (75–100% of shares)
Companies House
In the full report: all 18 events
- All 18 events in its history (8 shown here)
- Every director appointment and resignation: 6
Firms connected to Adale Dawit Dagnachew (ADD)
Other FCA-listed firms that share a director, phone number or address with Adale Dawit Dagnachew (ADD). A link shows who the firm is tied to, not whether either can be trusted.
- past link
- 1
In the full report: all 0 connected firms, named
- 1 past link through former directors
Firms like Adale Dawit Dagnachew (ADD)
Other firms of the same type (payment or money transfer firm), nearest first.
In London
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 Adale Dawit Dagnachew (ADD)
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 9 other companies its directors have run, named
- 3 background checks on its contact details, 1 flagged
- 6 years of accounts, charted
- All 18 events in its history
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Frequently asked questions about this firm
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What do Adale Dawit Dagnachew (ADD)’s latest accounts show?
Does Adale Dawit Dagnachew (ADD) use any other names?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- How safeguarding works fca.org.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk