Bound Rates Limited

Reference number: 966723

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

This company holds another FCA record

A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.

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 bound.co first appeared online, and whether it can receive email
  • What kind of line 020 8064 0360 is
  • Who else gives the postcode W1F 8FL
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Other names (1)

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

  • Bound Trading name

FCA permissions and consumer protection

  • Hold or safeguard your money · 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.
  • 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.
  • 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 (6 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Arranging (bringing about) deals in investments
  • Dealing in investments as agent
  • Dealing in investments as principal
  • Making arrangements with a view to transactions in investments
  • Safeguarding and administration of assets (without arranging)

Limits on what they may do

  • Use of CFDs limited to NDFs and cash settled swaps
    The firm may only carry out the investment activity of Contract for Differences (CFD) with clients in relation to non-speculative cash settled Foreign Exchange Swaps and Non Deliverable Forwards (NDFs)

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
13036275
Company status
Active
Company type
Private limited company
Incorporated
23 November 2020 (5 years old)
Registered office
16 Great Chapel Street, London, W1F 8FL, England
Nature of business
  • Business and domestic software development (SIC 62012)

Directors and company secretaries

Name Role Born Appointed Other companies
Seth Michael Phillips Director Nov 1980 23 Nov 2020 2 other companies
Daniel Kindler Director Mar 1995 7 Dec 2020 2 other companies
OHS SECRETARIES LIMITED Corporate secretary Not published 12 Feb 2026 –

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
2
closed down
1
run together
2

In the full report: all 2 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 companies these 2 directors run together
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Filed accounts and finances

Year to 31 December 2022Full accountsNot audited

Total equity

£10.9m

No earlier figure to compare

Cash at bank

£10.8m

Up £9.87m from £970k

Employees (average)

2

Same as 2

Owed within a year

£55.4k

−2.9% from £57.0k

Assets and liabilities

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 13036275. 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

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

Key events (9) All events (13)

2025

20 December 2025

  • Bound Holdings Limited took control (75–100% of shares)

Companies House

2022

19 December 2022

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Use of CFDs limited to NDFs and cash settled swaps)
  • Became authorised by the FCA

FCA register

2021

24 June 2021

  • Daniel Kindler stopped being a part-owner
  • Seth Michael Phillips stopped being the majority owner

Companies House

2020

23 November 2020

  • Incorporated at Companies House
  • Daniel Kindler became a part-owner (25–50% of shares)
  • Seth Michael Phillips became the majority owner (50–75% of shares)

Companies House

In the full report: all 13 events

  • All 13 events in its history (9 shown here)
  • Every director appointment and resignation: 2
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Firms connected to Bound Rates

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

connected firms
2
share its postcode
2

In the full report: all 2 connected firms, named

  • How each is linked: the same postcode (2)
  • Who links each one: the named directors, with dates
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Firms like Bound Rates

Other firms of the same type (investment platform or stockbroker), nearest first.

In London

Wise Assets UK LtdLondonAuthorisedOANDA Europe LimitedLondonAuthorisedCapital Com (UK) LimitedLondonAuthorisedTrading 212 UK LimitedLondonAuthorisedCMC Markets UK PLCLondonAuthorisedInteractive Brokers (U.K.) 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 Bound Rates

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

  • 2 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 13 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Bound Rates Limited FCA authorised?
Yes, Bound Rates Limited (FRN 966723) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since December 2022 and works as an investment platform or stockbroker. The FCA has placed a limit on what it may do.
What is Bound Rates’ phone number and website?
The FCA register lists the phone number 020 8064 0360 and the website bound.co for Bound Rates. If you were given different contact details, use these to check with the firm before going any further.
Is Bound Rates a scam or clone?
Bound Rates 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 Bound Rates?
It is permitted to hold and control client money, which it must keep separate from its own. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Bound Rates to the Financial Ombudsman Service, free of charge.
Who owns Bound Rates?
Bound Rates is owned by Bound Holdings Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 20 December 2025. Before that, it was controlled by Mr Daniel Kindler and Mr Seth Michael Phillips.
Who runs Bound Rates?
Companies House lists 2 directors of Bound Rates: Seth Michael Phillips and Daniel Kindler.
How long has Bound Rates been in business?
The company was formed on 23 November 2020, and has held its current FCA authorisation since December 2022.
What do Bound Rates’ latest accounts show?
Its latest accounts, to 31 December 2022, show total equity of £10.9m (no earlier figure to compare) and cash at bank of £10.8m (up £9.87m from £970k).
Does Bound Rates use any other names?
It trades as Bound.

Sources and links

The full report on Bound Rates Limited

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