Bankoro Ltd

Reference number: 900900

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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.

  • No website on the FCA register

  • No phone number on the FCA register

  • Address

    53 DAVIES ST, London, W1K 5JH, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode W1K 5JH
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Other names (4)

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

  • Card London Trading name
  • Pay London Trading name
  • PAY LONDON LTD Former name
  • Paystree Ltd Former 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.
  • 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 (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

Limits on what they may do

  • Firm to refrain from carrying on any new business
    1. The Firm must refrain from carrying on any new business and from accepting any new electronic money (“e-money”) from existing customers , whether by way of issuance, top-up, or otherwise, pursuant to its registration as an Authorised Electronic Money Institution under the “EMRs, except with the prior written consent of the Financial Conduct Authority (the “FCA”). 2. Without prejudice to paragraph 1 above, and for the avoidance of doubt, the Firm shall not, without the prior written consent of the FCA: a. onboard any new customers; or b. issue any new e-money on behalf of existing customers, in any currency 3. For the avoidance of doubt, the Firm shall continue to: a. permit existing customers to redeem their e-money and withdraw funds in the ordinary course of business; and b. carry on business with, issue e-money and provide payment services to customers that do not qualify as a “consumer” under the EMRs.

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
11100986
Company status
Active
Company type
Private limited company
Incorporated
7 December 2017 (8 years old)
Registered office
53 Davies Street, London, W1K 5JH, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Guntars Reidzans Director Sep 1970 14 Apr 2022 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • All 5 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 December 2024Small company accountsNot audited

Net assets

£415k

−16% from £492k

Cash at bank

£246k

−19% from £303k

Employees (average)

1

−96% from 25

No turnover or profit for the year to 31 December 2024: the accounts print them but do not tag them. The last tagged figures are £215k turnover and −£108k profit, for the year to 31 December 2019.

* 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
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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.

Accounts filed at Companies House for company 11100986. 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

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

Key events (15) All events (30)

2026

3 July 2026

  • FCA imposed a requirement (Firm to refrain from carrying on any new business)

FCA register

2025

3 December 2025

  • Bnk Holding UK Ltd took control (75–100% of shares)
  • Guntars Reidzans gave up control

Companies House

29 July 2025

  • Changed its registered name from "PAY LONDON LTD"

FCA register

27 February 2025

  • Changed its registered name from "Paystree Ltd"

FCA register

2023

17 March 2023

  • Anselm Oskar Schmucki gave up control
  • Guntars Reidzans took control (75–100% of shares)

Companies House

2019

27 August 2019

  • Anselm Oskar Schmucki took control (75–100% of shares)
  • Mihails Safro gave up control

Companies House

11 January 2019

  • Regulated by the FCA from this date

FCA register

2018

16 August 2018

  • Became an authorised e-money institution

FCA register

14 May 2018

  • Mihails Safro took control (75–100% of shares)
  • Tayfell Enterprises Ltd stopped being the majority owner

Companies House

2017

7 December 2017

  • Incorporated at Companies House
  • Tayfell Enterprises Ltd became the majority owner (50–75% of shares)

Companies House

In the full report: all 30 events

  • All 30 events in its history (15 shown here)
  • Every director appointment and resignation: 9
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Firms like Bankoro

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

In London

Uber Payments UK LimitedLondonAuthorisedWise Payments LimitedLondonAuthorisedForisgfs UK LimitedLondonAuthorisedWepay Payments Ltd.LondonAuthorisedAirbnb Payments UK LimitedLondonAuthorisedMollie UK Ltd.LondonAuthorised

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 Bankoro

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
  • 1 background check on its contact details
  • 6 years of accounts, charted
  • All 30 events in its history

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Frequently asked questions about this firm

Is Bankoro Ltd FCA authorised?
Yes, Bankoro Ltd (FRN 900900) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since August 2018 and works as a payment or money transfer firm. The FCA has placed a limit on what it may do.
Is Bankoro a scam or clone?
Bankoro 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 Bankoro?
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 Bankoro to the Financial Ombudsman Service, free of charge.
Who owns Bankoro?
Companies House lists one person with significant control of Bankoro: Bnk Holding UK Ltd (75–100% of shares). Before that, it was controlled by Mr. Guntars Reidzans, Mihails Safro and Mr Anselm Oskar Schmucki.
Who runs Bankoro?
Companies House lists one director of Bankoro: Guntars Reidzans.
How long has Bankoro been in business?
The company was formed on 7 December 2017, and has held its current FCA authorisation since August 2018.
What do Bankoro’s latest accounts show?
Its latest accounts, to 31 December 2024, show net assets of £415k (−16% from £492k) and cash at bank of £246k (−19% from £303k).
Does Bankoro use any other names?
It trades as Card London and Pay London. It has previously used 2 other names: PAY LONDON LTD and Paystree Ltd.

Sources and links

The full report on Bankoro Ltd

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