Bionic Financial Services Limited

Reference number: 544998

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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.

In the full report: 3 background checks

  • When bionic.co.uk first appeared online, and whether it can receive email
  • What kind of line 07775 897916 is, and the 2 other firms that give it
  • Who else gives the postcode EC2A 2AP
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Other names (3)

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

  • Bionic Trading name
  • Make it Cheaper Financial Services Ltd Former name
  • MICFS Former trading name

FCA permissions and consumer protection

  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • 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)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Credit Broking
  • Dealing in investments as agent
  • Making arrangements with a view to transactions in investments

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
07548195
Company status
Active
Company type
Private limited company
Incorporated
2 March 2011 (15 years old)
Registered office
5th Floor, 9 Appold Street, London, EC2A 2AP, England
Nature of business
  • Non-life insurance (SIC 65120)

Directors and company secretaries

Name Role Born Appointed Other companies
Paul John Galligan Director Jan 1975 22 Mar 2019 25 other companies
Daniel Lee Teutsch Director May 1987 3 Mar 2025 26 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
28
closed down
1
are FCA-registered
6

In the full report: all 28 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 6 on the FCA register
  • The 23 companies these 2 directors run together
  • All 7 people who have ever been directors, with their dates
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Key dates in its history

Bionic Financial Services’s history from the FCA register and Companies House, newest first.

Key events (6) All events (24)

2020

22 January 2020

  • Changed its registered name from "Make it Cheaper Financial Services Ltd"

FCA register

2016

6 April 2016

  • Bionic Services Group Limited took control (75–100% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2011

17 November 2011

  • Became authorised by the FCA

FCA register

11 October 2011

  • Regulated by the Financial Services Authority from this date

FCA register

2 March 2011

  • Incorporated at Companies House

Companies House

In the full report: all 24 events

  • All 24 events in its history (6 shown here)
  • Every director appointment and resignation: 12
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Firms connected to Bionic Financial Services

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

connected firms
5
share a director
5
share its phone number
2

In the full report: all 5 connected firms, named

  • How each is linked: shared directors (5), the same phone number (2), the same postcode (2)
  • Who links each one: the named directors, with dates
  • 1 past link through former directors
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Firms like Bionic Financial Services

Other firms of the same type (insurance broker), nearest first.

In London

Amazon EU S.a.r.l.LondonAuthorisedRevolut Travel LtdLondonAuthorisedSantander Insurance Services UK LimitedLondonAuthorisedAon UK LimitedLondonAuthorisedHartford Underwriting Agency LimitedLondonAuthorisedChubb Underwriting Agencies LimitedLondonAuthorised

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 Bionic Financial Services

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

  • 28 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 24 events in its history
  • 5 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Bionic Financial Services Limited FCA authorised?
Yes, Bionic Financial Services Limited (FRN 544998) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since November 2011 and works as an insurance broker. The FCA has placed no limits on its permissions.
What is Bionic Financial Services’ phone number and website?
The FCA register lists the phone number 07775 897916 and the website bionic.co.uk for Bionic Financial Services. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 2 other FCA firms.
Is Bionic Financial Services a scam or clone?
Bionic Financial Services 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 Bionic Financial Services?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Bionic Financial Services to the Financial Ombudsman Service, free of charge.
Who owns Bionic Financial Services?
Bionic Financial Services is owned by Bionic Services Group Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 6 April 2016.
Who runs Bionic Financial Services?
Companies House lists 2 directors of Bionic Financial Services: Paul John Galligan and Daniel Lee Teutsch.
How long has Bionic Financial Services been in business?
The company was formed on 2 March 2011, and has held its current FCA authorisation since November 2011.
Does Bionic Financial Services use any other names?
It trades as Bionic. It has previously used 2 other names: Make it Cheaper Financial Services Ltd and MICFS.

Sources and links

The full report on Bionic Financial Services Limited

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