Brac Saajan Exchange Limited

Reference number: 577104

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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

  • Phone number

    0121 515 4008

  • Address

    BSE House, 160-162 Lozells Road, Lozells, Birmingham, West Midlands, B19 2SX, United Kingdom

In the full report: 2 background checks

  • What kind of line 0121 515 4008 is
  • Who else gives the postcode B19 2SX
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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 (2 permissions)
  • 5. Issuing and/or acquiring of payment instruments.
  • 6. Money remittance.

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 name
BRAC SAAJAN EXCHANGE LTD
Company number
06469886
Company status
Active
Company type
Private limited company
Incorporated
10 January 2008 (18 years old)
Registered office
160-162 Lozells Road, Birmingham, B19 2SX
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Abdus Salam Director Aug 1967 11 Jan 2008 5 other companies
Zahid Hussain (Dr) Director Nov 1954 3 Jan 2023 None
Meheriar Munim Hasan Director Oct 1958 22 Aug 2024 None
Tareq Refat Ullah Khan Director Jan 1973 25 Sep 2025 None
Mohammod Masud Rana Secretary Not published 1 Mar 2021 –

Other companies run by these 4 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
5
closed down
5

In the full report: all 5 companies, named

  • What each company does, and whether it is still trading
  • Which of these 4 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 11 people who have ever been directors, with their dates
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Key dates in its history

Brac Saajan Exchange’s history from the FCA register and Companies House, newest first.

Key events (5) All events (22)

2018

17 May 2018

  • Became an authorised payment institution

FCA register

2016

1 July 2016

  • Brac Bank Ltd took control (75–100% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2012

17 December 2012

  • Regulated by the Financial Services Authority from this date

FCA register

2008

10 January 2008

  • Incorporated at Companies House

Companies House

In the full report: all 22 events

  • All 22 events in its history (5 shown here)
  • Every director appointment and resignation: 16
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Firms like Brac Saajan Exchange

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

In Birmingham

2Pay LimitedBirminghamRegisteredAbu Exchange LtdBirminghamRegisteredAltras International LimitedBirminghamAuthorisedAps International LimitedBirminghamAuthorisedArise Ventures LtdBirminghamRegisteredBen Saad Services LtdBirminghamRegistered

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 Brac Saajan Exchange

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
  • All 22 events in its history

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Frequently asked questions about this firm

Is Brac Saajan Exchange Limited FCA authorised?
Yes, Brac Saajan Exchange Limited (FRN 577104) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since May 2018 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is Brac Saajan Exchange’s phone number?
The FCA register lists the phone number 0121 515 4008 for Brac Saajan Exchange. If you were given different contact details, use these to check with the firm before going any further.
Is Brac Saajan Exchange a scam or clone?
Brac Saajan Exchange 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 Brac Saajan Exchange?
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 Brac Saajan Exchange to the Financial Ombudsman Service, free of charge.
Who owns Brac Saajan Exchange?
Brac Saajan Exchange is owned by Brac Bank Ltd, which holds 75–100% of shares and 75–100% of votes, since 1 July 2016.
Who runs Brac Saajan Exchange?
Companies House lists 4 directors of Brac Saajan Exchange: Abdus Salam, Zahid Hussain (Dr), Meheriar Munim Hasan and Tareq Refat Ullah Khan.
How long has Brac Saajan Exchange been in business?
The company was formed on 10 January 2008, and has held its current FCA authorisation since May 2018.

Sources and links

The full report on Brac Saajan Exchange Limited

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