Registered with the FCA
This firm is registered as a small e-money institution. That is a lighter regime than full FCA authorisation, applied to smaller e-money firms, though it must still safeguard the money it holds.
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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No website on the FCA register
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Phone number
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Address
Level 39, One Canada Square, Canary Wharf, London, E14 5AB, United Kingdom
In the full report: 2 background checks, 1 thing worth a closer look
- What kind of line 07756 880098 is
- Whether E14 5AB is a shared office: 26 other firms give it
Other names (1)
If you were contacted under any of these names, it is this firm.
- Babb Trading name: A name it trades under now.
FCA permissions and consumer protection
- Handle payments & transfers Funds safeguardedYour 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, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (7 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
- 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.
Concerns on the company record
- Confirmation statement is overdue at Companies House.
- Company number
- 10407809 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 3 October 2016 (10 years old)
- Registered office
- Level 39 One Canada Square, London, E14 5AB, England
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Rushd Averroes | Director | Oct 1978 | 31 Jan 2020 | 5 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
- 5
- closed down
- 2
- still active
- 3
In the full report: all 5 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 2 people who have ever been directors, with their dates
Filed accounts and finances
Total equity
−£252k
Up £14.6k from −£267k
Cash at bank
£101k
−25% from £134k
Employees (average)
0
Same as 0
Owed within a year
£608k
+7.8% from £564k
Total equity is negative: on its last balance sheet the company owed £252k more than it owned.
* Cash at bank usually includes customers’ money.
Assets and liabilities
In the full report: all 6 years of accounts
- Every year from 2019 to 2024
- 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.
There is no turnover or profit: small companies do not have to publish them.
Accounts filed at Companies House for company 10407809. 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
Babb Remit’s history from the FCA register and Companies House, newest first.
2021
23 December 2021
- Status on the FCA register became "Small Electronic Money Institution"
FCA register
2020
21 August 2020
- Regulated by the FCA from this date
FCA register
12 March 2020
- Babb Group Ltd took control (75–100% of shares)
- Rushd Averroes gave up control
Companies House
31 January 2020
- Board replaced: its only director left and a new director took over
- Gavotti Sgp Limited gave up control
- Rushd Averroes took control (75–100% of shares)
Companies House
2019
1 December 2019
- Antonietta Gonzalez stopped being a part-owner
- Eduardo Alexander Gavotti stopped being a part-owner
Companies House
2016
3 October 2016
- Incorporated at Companies House
- Antonietta Gonzalez became a part-owner (25–50% of shares)
- Eduardo Alexander Gavotti became a part-owner (25–50% of shares)
- Gavotti Sgp Limited took control (75–100% of shares)
Companies House
In the full report: all 17 events
- All 17 events in its history (13 shown here)
- Every director appointment and resignation: 3
Firms like Babb Remit
Other firms of the same type (payment or money transfer firm), nearest first.
In the East London (E) postcode area
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 Babb Remit
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
- 2 background checks on its contact details, 1 flagged
- 6 years of accounts, charted
- All 17 events in its history
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Frequently asked questions about this firm
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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