Chip Financial Group Ltd: FCA regulated?

Authorised by the FCA

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

Authorised for 6 years
Your funds are safeguarded
No FCA actions
Active company since 2016
Accounts filed up to 31 December 2022

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.

Website

getchip.uk (opens in a new tab)
Phone number

020 3835 5986
Address

Sixth Floor, Fora Montacute Yards, 186 Shoreditch High Street, London, Hackney, E1 6HU, United Kingdom

In the full report: 3 background checks

When getchip.uk first appeared online, and whether it can receive email
What kind of line 020 3835 5986 is, and the other firm that gives it
Who else gives the postcode E1 6HU

Other names (3)

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

Chip Trading name: A name it trades under now.
GetChip Trading name: A name it trades under now.
Chip Financial Ltd Former name: A name it was registered under before.

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 (4 permissions)

3. Executing payment transactions (no credit line)
5. Issuing and/or acquiring of payment instruments.
7. Payment initiation services
8. Account information services

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: 10113174 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 8 April 2016 (10 years old)
Registered office: Sixth Floor Fora Montacute Yards, 186 Shoreditch High Street, London, E1 6HU, United Kingdom
Nature of business: Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Simon Rabin	Director	Jul 1986	8 Apr 2016	5 other companies
Richard Spencer Frank	Director	Aug 1967	1 May 2018	24 other companies
Alexander Christopher Tom Latham	Director	Apr 1991	10 May 2021	1 other company
Adam Seale	Director	Jun 1960	2 Jan 2024	26 other companies
Laurence David Krieger	Director	Oct 1972	21 Jan 2025	13 other companies
Sharon Gill Miles	Director	Feb 1977	18 Mar 2026	3 other companies

Other companies run by these 6 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: 68
closed down: 28
are FCA-registered: 12

In the full report: all 68 companies, named

What each company does, and whether it is still trading
Which of these 6 directors sit on each board, and since when
Any that went into liquidation or administration
The 12 on the FCA register, including one no longer authorised
The 3 companies these 6 directors run together

Filed accounts and finances

Year to 31 December 2022Full accountsAudited

Turnover

£1.68m

+7.5% from £1.56m

Profit before tax

−£15.0m

Down £675k from −£14.3m

Total equity

£3.95m

No earlier figure to compare

Cash at bank

£6.84m

−36% from £10.6m

* Cash at bank usually includes customers’ money.

Turnover and profit

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 10113174. 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

Chip Financial Group’s history from the FCA register and Companies House, newest first.

Key events (5) All events (15)

2026

1 June 2026

Changed its registered name from "Chip Financial Ltd"

FCA register

2020

13 March 2020

Regulated by the FCA from this date
Became an authorised payment institution

FCA register

2016

8 April 2016

Incorporated at Companies House
Simon Rabin gained significant control

Companies House

In the full report: all 15 events

All 15 events in its history (5 shown here)
Every director appointment and resignation: 8

Firms connected to Chip Financial Group

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

connected firms: 9
share a director: 7
share its phone number: 1

In the full report: all 9 connected firms, named

How each is linked: shared directors (7), the same phone number (1), the same postcode (3)
Who links each one: the named directors, with dates
5 past links through former directors

Firms like Chip Financial Group

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

In London

Uber Payments UK LimitedLondonAuthorised Wise Payments LimitedLondonAuthorised Forisgfs UK LimitedLondonAuthorised Wepay Payments Ltd.LondonAuthorised Airbnb Payments UK LimitedLondonAuthorised Mollie 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 Chip Financial Group

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

68 other companies its directors have run, named
3 background checks on its contact details
All 15 events in its history
9 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Chip Financial Group Ltd FCA authorised?

Yes, Chip Financial Group Ltd (FRN 911255) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since March 2020 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.

What is Chip Financial Group’s phone number and website?

The FCA register lists the phone number 020 3835 5986 and the website getchip.uk for Chip Financial Group. 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 one other FCA firm.

Is Chip Financial Group a scam or clone?

Chip Financial Group 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 Chip Financial Group?

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 Chip Financial Group to the Financial Ombudsman Service, free of charge.

Who owns Chip Financial Group?

Companies House lists one person with significant control of Chip Financial Group: Mr Simon Rabin (can appoint and remove the board).

Who runs Chip Financial Group?

Companies House lists 6 directors of Chip Financial Group: Simon Rabin, Richard Spencer Frank, Alexander Christopher Tom Latham, Adam Seale, Laurence David Krieger and Sharon Gill Miles.

How long has Chip Financial Group been in business?

The company was formed on 8 April 2016, and has held its current FCA authorisation since March 2020.

What do Chip Financial Group’s latest accounts show?

Its latest accounts, to 31 December 2022, show turnover of £1.68m (+7.5% from £1.56m) and profit before tax of −£15.0m (down £675k from −£14.3m).

Does Chip Financial Group use any other names?

It trades as Chip and GetChip. It has previously used the name Chip Financial Ltd.