Covercy Europe Ltd

Reference number: 675000

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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 covercy.com first appeared online, and whether it can receive email
  • What kind of line 020 7604 5785 is
  • Who else gives the postcode SE1 3LE
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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 (1 permission)
  • 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.

Company number
09447723
Company status
Active
Company type
Private limited company
Incorporated
19 February 2015 (11 years old)
Registered office
Unit 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD
Nature of business
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Doron Cohen Director Sep 1983 19 Feb 2015 None
Errol Stephen Rudnick Director Feb 1956 19 Feb 2015 11 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
11
closed down
5
are FCA-registered
2

In the full report: all 11 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 on the FCA register
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Filed accounts and finances

Year to 31 December 2025Full accountsNot audited

Net assets

£418k

+5.7% from £395k

Cash at bank

£1.39m

+77% from £783k

Employees (average)

2

Same as 2

Owed within a year

£2.59m

+19% from £2.18m

* Cash at bank usually includes customers’ money.

Net assets

In the full report: all 7 years of accounts

  • Every year from 2019 to 2025
  • 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 09447723. Figures are exactly as filed; nothing is estimated.

Key dates in its history

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

2018

3 April 2018

  • Became an authorised payment institution

FCA register

2016

6 April 2016

  • Doron Cohen became the majority owner (50–75% of shares)
  • Doron Cohen stopped being the majority owner

Companies House

2015

3 September 2015

  • Regulated by the FCA from this date

FCA register

25 August 2015

  • Supervised by HMRC under the money laundering rules from this date

FCA register

19 February 2015

  • Incorporated at Companies House
  • Doron Cohen appointed as a director
  • Errol Stephen Rudnick appointed as a director

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms connected to Covercy Europe

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

connected firms
4
share its postcode
4
past links
2

In the full report: all 4 connected firms, named

  • How each is linked: the same postcode (4)
  • Who links each one: the named directors, with dates
  • 2 past links through former directors
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Firms like Covercy Europe

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

In London

StoneX Financial LtdLondonAuthorisedReal Transfer LimitedLondonAuthorisedOnafriq UK LimitedLondonAuthorisedDaytona Capital Management LimitedLondonAuthorisedSable International FX LimitedLondonAuthorisedTrolley Payments UK LtdLondonAuthorised

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 Covercy Europe

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

  • 11 other companies its directors have run, named
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 8 events in its history
  • 4 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Covercy Europe Ltd FCA authorised?
Yes, Covercy Europe Ltd (FRN 675000) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since April 2018 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is Covercy Europe’s phone number and website?
The FCA register lists the phone number 020 7604 5785 and the website covercy.com for Covercy Europe. If you were given different contact details, use these to check with the firm before going any further.
Is Covercy Europe a scam or clone?
Covercy Europe 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 Covercy Europe?
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 Covercy Europe to the Financial Ombudsman Service, free of charge.
Who owns Covercy Europe?
Companies House lists no one with significant control of Covercy Europe now. Before that, it was controlled by Mr Doron Cohen.
Who runs Covercy Europe?
Companies House lists 2 directors of Covercy Europe: Doron Cohen and Errol Stephen Rudnick.
How long has Covercy Europe been in business?
The company was formed on 19 February 2015, and has held its current FCA authorisation since April 2018.
What do Covercy Europe’s latest accounts show?
Its latest accounts, to 31 December 2025, show net assets of £418k (+5.7% from £395k) and cash at bank of £1.39m (+77% from £783k).

Sources and links

The full report on Covercy Europe Ltd

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