Aseel Trading Ltd

Reference number: 756669

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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.

  • No website on the FCA register

  • Phone number

    07462 966663

  • Address

    410 Edgware Road, London, W2 1ED, United Kingdom

In the full report: 2 background checks

  • What kind of line 07462 966663 is
  • Who else gives the postcode W2 1ED
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Other names (2)

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

  • Baghdad Foreign Exchange Trading name
  • Aseel Trading Limited Former name

FCA permissions and consumer protection

  • Handle payments & transfers No FSCS cover
    Safeguarding 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, free
    You 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
08604430
Company status
Active
Company type
Private limited company
Incorporated
10 July 2013 (13 years old)
Registered office
410 Edgware Road, London, W2 1ED, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Hassan Elasady Director Jan 1975 10 Jul 2013 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
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Filed accounts and finances

Year to 30 September 2025Small company accountsNot audited

Net assets

£4,388

+3.4% from £4,245

Cash at bank

£6,216

+13% from £5,487

Employees (average)

3

Same as 3

Owed within a year

−£1,641

−103% from £51.4k

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 08604430. 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

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

2024

15 May 2024

  • Began trading as "Baghdad Foreign Exchange"

FCA register

26 February 2024

  • Changed its registered name from "Aseel Trading Limited"

FCA register

2020

6 November 2020

  • Hakim Saleh Ahmad stopped being a part-owner

Companies House

2019

12 December 2019

  • Hakim Saleh Ahmad became a part-owner (25–50% of shares)

Companies House

2018

1 October 2018

  • Registered as a small payment institution

FCA register

2016

23 September 2016

  • Regulated by the FCA from this date

FCA register

10 July 2016

  • Hassan Elasady took control (75–100% of shares)

Companies House

2013

22 July 2013

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

FCA register

10 July 2013

  • Incorporated at Companies House
  • Hassan Elasady appointed as a director

Companies House

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

Firms connected to Aseel Trading

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

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Aseel Trading

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

In London

StoneX Financial LtdLondonAuthorisedReal Transfer LimitedLondonAuthorisedOnafriq UK LimitedLondonAuthorisedDaytona Capital Management LimitedLondonAuthorisedSable International FX LimitedLondonAuthorisedTrolley Payments UK LtdLondonAuthorised

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 Aseel Trading

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

  • Every company its directors have run, named
  • 2 background checks on its contact details
  • 7 years of accounts, charted
  • All 10 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Aseel Trading Ltd FCA authorised?
Yes, Aseel Trading Ltd (FRN 756669) is registered with the FCA and permitted to provide its regulated services.
What is Aseel Trading’s phone number?
The FCA register lists the phone number 07462 966663 for Aseel Trading. If you were given different contact details, use these to check with the firm before going any further.
Is Aseel Trading a scam or clone?
Aseel Trading 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 Aseel Trading?
Protection depends on which product you hold and how Aseel Trading handles your money, so check the specific product before you commit. You can also refer complaints about Aseel Trading to the Financial Ombudsman Service, free of charge.
Who owns Aseel Trading?
Companies House lists one person with significant control of Aseel Trading: Mr Hassan Elasady (75–100% of shares). Before that, it was controlled by Mr Hakim Saleh Ahmad.
Who runs Aseel Trading?
Companies House lists one director of Aseel Trading: Hassan Elasady.
How long has Aseel Trading been in business?
The company was formed on 10 July 2013, and has held its current FCA authorisation since October 2018.
What do Aseel Trading’s latest accounts show?
Its latest accounts, to 30 September 2025, show net assets of £4,388 (+3.4% from £4,245) and cash at bank of £6,216 (+13% from £5,487).
Does Aseel Trading use any other names?
It trades as Baghdad Foreign Exchange. It has previously used the name Aseel Trading Limited.

Sources and links

The full report on Aseel Trading Ltd

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