Balthorne Safe Deposit Centres Limited

Reference number: 485564

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On the register, but not FCA authorised

This firm is registered with the FCA for anti-money-laundering checks only, which is why it appears on the register. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.

What does this mean?
  • Some businesses are required by law to have an anti-money-laundering supervisor. For this kind of business that supervisor is the FCA, and the registration is the only reason the firm appears on the FCA register.
  • What the FCA checks is narrow: that the firm identifies its customers, keeps records, and reports suspicious activity. It is the anti-crime paperwork behind a bank asking you for ID.
  • It does not check anything about you as a customer. Not whether the firm treats you fairly, not whether it is financially sound, not whether what it sells is any good. The FCA describes firms registered this way as “not authorised or subject to wider FCA regulation”.
  • So if the firm fails or treats you badly, there is no FSCS compensation, and the Financial Ombudsman Service usually cannot look at a complaint about unregulated business.

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 balthornegroup.com first appeared online, and whether it can receive email
  • What kind of line 020 7431 2001 is
  • Who else gives the postcode NW3 7BN
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Other names (5)

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

  • Balthorne Safe Deposit Centre Trading name
  • City Safe Depository Trading name
  • Edgware Safe Depository Trading name
  • Hampstead Safe Depository Trading name
  • SAFE DEPOSIT CENTRES LIMITED Former name

Past FCA permissions and consumer protection

  • Money-laundering registration only
    This firm is registered for anti-money-laundering supervision only. It is not FCA-authorised. Money you hand over is not protected by the FSCS, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.

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
07549006
Company status
Active
Company type
Private limited company
Incorporated
2 March 2011 (15 years old)
Registered office
575 Finchley Road, London, NW3 7BN
Nature of business
  • Private security activities (SIC 80100)

Directors and company secretaries

Name Role Born Appointed Other companies
Martin Ian Zulberg Director Apr 1950 2 Mar 2011 7 other companies
Richard Brian Zulberg Director Jun 1980 26 Aug 2011 5 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
12
closed down
2
still active
10

In the full report: all 12 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
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Filed accounts and finances

Year to 31 May 2025Small company accountsNot audited

Net assets

−£980k

Down £678k from −£303k

Cash at bank

£46.1k

+29% from £35.7k

Employees (average)

18

+38% from 13

Owed within a year

£848k

+60% from £529k

Net assets are negative: on its last balance sheet the company owed £980k more than it owned.

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 07549006. 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

Balthorne Safe Deposit Centres’s history from the FCA register and Companies House, newest first.

Key events (4) All events (10)

2016

6 April 2016

  • Martin Ian Zulberg gained significant control

Companies House

2011

1 July 2011

  • Changed its registered name from "SAFE DEPOSIT CENTRES LIMITED"

FCA register

2 March 2011

  • Incorporated at Companies House

Companies House

2008

15 July 2008

  • Registered with the FCA

FCA register

In the full report: all 10 events

  • All 10 events in its history (4 shown here)
  • Every director appointment and resignation: 2
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Firms connected to Balthorne Safe Deposit Centres

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

connected firm
1
no longer authorised
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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Get the full report on Balthorne Safe Deposit Centres

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

  • 12 other companies its directors have run, named
  • 3 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 Balthorne Safe Deposit Centres Limited FCA authorised?
Balthorne Safe Deposit Centres Limited (FRN 485564) is registered with the FCA under the Money Laundering Regulations only. That is anti-money-laundering supervision, not FCA authorisation, and the FCA does not supervise the firm's conduct.
What is Balthorne Safe Deposit Centres’ phone number and website?
The FCA register lists the phone number 020 7431 2001 and the website balthornegroup.com for Balthorne Safe Deposit Centres. If you were given different contact details, use these to check with the firm before going any further.
Is Balthorne Safe Deposit Centres a scam or clone?
Balthorne Safe Deposit Centres is genuinely on the FCA's money-laundering register, so it is not an outright fake, but registration is not authorisation, and scammers impersonate registered firms too. Verify contact details against the register before sending money.
Is my money safe with Balthorne Safe Deposit Centres?
Money you hand to Balthorne Safe Deposit Centres is not protected by the FSCS. Money-laundering registration carries no compensation scheme, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.
Who owns Balthorne Safe Deposit Centres?
Companies House lists one person with significant control of Balthorne Safe Deposit Centres: Mr Martin Ian Zulberg (significant influence or control).
Who runs Balthorne Safe Deposit Centres?
Companies House lists 2 directors of Balthorne Safe Deposit Centres: Martin Ian Zulberg and Richard Brian Zulberg.
How long has Balthorne Safe Deposit Centres been in business?
The company was formed on 2 March 2011.
What do Balthorne Safe Deposit Centres’ latest accounts show?
Its latest accounts, to 31 May 2025, show net assets of −£980k (down £678k from −£303k) and cash at bank of £46.1k (+29% from £35.7k).
Does Balthorne Safe Deposit Centres use any other names?
It trades as Balthorne Safe Deposit Centre, City Safe Depository, Edgware Safe Depository and Hampstead Safe Depository. It has previously used the name SAFE DEPOSIT CENTRES LIMITED.

Sources and links

The full report on Balthorne Safe Deposit Centres Limited

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