Baanx Group Limited

Reference number: 902971

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No longer an e-money agent

This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Registration ended 22 December 2020.

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.

  • Last known website

    baanx.com

  • Last known phone number

    07880 199886

  • Last known address

    Level 18 40 Bank Street, Canary Wharf, London, E14 5NR, United Kingdom

In the full report: 3 background checks, 1 thing worth a closer look

  • When baanx.com first appeared online, and whether it can receive email
  • What kind of line 07880 199886 is
  • Whether E14 5NR is a shared office: 24 other firms give it
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Past FCA permissions and consumer protection

  • The record is closed
    Cover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.

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.

Concerns on the company record

  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
Company name
BAANX GROUP LTD
Company number
11155938
Company status
Active
Company type
Private limited company
Incorporated
17 January 2018 (8 years old)
Registered office
96 Pavilion Office, Kensington High Street, London, United Kingdom, W8 4SG
Nature of business
  • Other professional, scientific and technical activities not elsewhere classified (SIC 74909)

Directors and company secretaries

Name Role Born Appointed Other companies
Daniel William Jones Director Mar 1991 31 Oct 2025 6 other companies
Francis Bannachan Director Jul 1985 24 Jul 2026 2 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
8
closed down
5
are FCA-registered
2

In the full report: all 8 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 2 on the FCA register
  • All 4 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 June 2023Abridged accountsNot audited

Net assets

£8.02m

Up £7.77m from £255k

Cash at bank

£280k

−89% from £2.55m

Employees (average)

25

Same as 25

Owed within a year

£6.55m

+90% from £3.44m

Its next accounts are overdue at Companies House.

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2020 to 2023
  • 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 11155938. 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

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

Key events (6) All events (12)

2025

31 October 2025

  • Board replaced: its only director left and a new director took over

Companies House

2020

22 December 2020

  • Status on the FCA register became "EMD Agent Former"

FCA register

2018

30 June 2018

  • Garth Ben Howat became the majority owner (50–75% of shares)
  • Mark Hywel Evans gave up control

Companies House

17 January 2018

  • Incorporated at Companies House
  • Mark Hywel Evans took control (75–100% of shares)

Companies House

In the full report: all 12 events

  • All 12 events in its history (6 shown here)
  • Every director appointment and resignation: 6
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Firms connected to Baanx Group

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

past links
2

In the full report: all 0 connected firms, named

  • 2 past links through former directors
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Firms like Baanx Group

Other firms of the same type (e-money firm), nearest first.

Elsewhere in the UK

Crunch Payments LimitedBrentwoodAgent

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 Baanx Group

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

  • 8 other companies its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • 4 years of accounts, charted
  • All 12 events in its history

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Frequently asked questions about this firm

Is Baanx Group Limited FCA authorised?
No. Baanx Group Limited (FRN 902971) is still listed on the FCA register, but the record is closed: no longer an e-money agent.
Is Baanx Group a scam or clone?
Baanx Group is not currently authorised by the FCA. Be cautious and verify any firm on the FCA register before dealing with it.
Is my money safe with Baanx Group?
Money you handed over while it was authorised generally keeps its protection: FSCS covers firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading. New business with Baanx Group has no cover, because it is no longer permitted to carry it out.
Who owns Baanx Group?
Companies House lists one person with significant control of Baanx Group: Mr Garth Ben Howat (50–75% of shares). Before that, it was controlled by Mr Mark Hywel Evans.
Who runs Baanx Group?
Companies House lists 2 directors of Baanx Group: Daniel William Jones and Francis Bannachan.
How long has Baanx Group been in business?
The company was formed on 17 January 2018.
What do Baanx Group’s latest accounts show?
Its latest accounts, to 30 June 2023, show net assets of £8.02m (up £7.77m from £255k) and cash at bank of £280k (−89% from £2.55m). Its accounts are overdue at Companies House.

Sources and links

The full report on Baanx Group Limited

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