Afrotrade Limited

Reference number: 625846

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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 afrotradegroup.com first appeared online, and whether it can receive email
  • What kind of line 07938 996287 is
  • Who else gives the postcode RM13 8EU
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Other names (2)

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

  • Afrotradegroup Trading name
  • More Naira Trading name

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.
  • 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 (2 permissions)
  • 6. Money remittance.
  • Credit Broking

Limits on what they may do

  • PSD Only
    The firm may only carry out payment service activities.

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
06186929
Company status
Active
Company type
Private limited company
Incorporated
27 March 2007 (19 years old)
Registered office
46 Parham Drive, Gants Hill, Ilford, Essex, IG2 6NB
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Emily Adedunni Esho Director Oct 1976 17 Dec 2007 7 other companies

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
7
closed down
4
still active
3

In the full report: all 7 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 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Micro-entity accountsNot audited

Net assets

£22.4k

−55% from £50.0k

Employees (average)

3

+50% from 2

Owed within a year

£32.4k

+217% from £10.2k

Assets and liabilities

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
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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 06186929. 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

Afrotrade’s history from the FCA register and Companies House, newest first.

Key events (9) All events (18)

2022

30 May 2022

  • Emily Adedunni Esho gave up control

Companies House

27 May 2022

  • Emily Adedunni Esho took control (75–100% of shares)
  • Oluwagbenga Ayoola Esho stopped being a part-owner

Companies House

2016

6 April 2016

  • Oluwagbenga Ayoola Esho became a part-owner (25–50% of shares)

Companies House

2014

4 November 2014

  • FCA imposed a requirement (PSD Only)

FCA register

3 November 2014

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2008

7 January 2008

  • Supervised by HMRC under the money laundering rules from this date

FCA register

2007

27 March 2007

  • Incorporated at Companies House

Companies House

In the full report: all 18 events

  • All 18 events in its history (9 shown here)
  • Every director appointment and resignation: 5
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Firms connected to Afrotrade

Other FCA-listed firms that share a director, phone number or address with Afrotrade. 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 Afrotrade

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

In Rainham

Radiantlife Financial Services LtdRainhamRegisteredTamsey Financial Services LtdRainhamRegisteredGrants Paymentsolutions LtdRainhamAuthorised

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 Afrotrade

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

  • 7 other companies its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 18 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Afrotrade Limited FCA authorised?
Yes, Afrotrade Limited (FRN 625846) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since November 2014 and works as a payment or money transfer firm. The FCA has placed a limit on what it may do.
What is Afrotrade’s phone number and website?
The FCA register lists the phone number 07938 996287 and the website afrotradegroup.com for Afrotrade. If you were given different contact details, use these to check with the firm before going any further.
Is Afrotrade a scam or clone?
Afrotrade 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 Afrotrade?
Its FCA permissions do not allow it to hold or control client money. 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 Afrotrade to the Financial Ombudsman Service, free of charge.
Who owns Afrotrade?
Companies House lists one person with significant control of Afrotrade: Mrs Emily Adedunni Esho (75–100% of shares). Before that, it was controlled by Mr Oluwagbenga Ayoola Esho.
Who runs Afrotrade?
Companies House lists one director of Afrotrade: Emily Adedunni Esho.
How long has Afrotrade been in business?
The company was formed on 27 March 2007, and has held its current FCA authorisation since November 2014.
What do Afrotrade’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £22.4k (−55% from £50.0k).
Does Afrotrade use any other names?
It trades as Afrotradegroup and More Naira.

Sources and links

The full report on Afrotrade Limited

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