Custom Credit Limited

Reference number: 961764

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Authorised, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

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

  • No phone number on the FCA register

  • Address

    MICHAEL WELLARD, RBW Restructuring & Insolvency, 28 CASTLE ST, Hertford, SG14 1HH, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode SG14 1HH
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Past FCA permissions and consumer protection

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (2 permissions)
  • Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)

Limits on the record

  • Not permitted to canvass off trade premises
    The firm is not permitted to canvass regulated borrower-lender-supplier agreements or regulated consumer hire agreements off trade premises

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

  • Companies House records this company in liquidation, but it is still authorised on the FCA register.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
13288592
Company status
Liquidation
Company type
Private limited company
Incorporated
24 March 2021 (5 years old)
Registered office
Castlegate House, 36 Castle Street, Hertford, Hertfordshire, SG14 1HH
Nature of business
  • Business and domestic software development (SIC 62012)
  • Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors (SIC 64921)

Directors and company secretaries

Name Role Born Appointed Other companies
Damien Thomas Burke Director Mar 1980 24 Mar 2021 6 other companies
Howe James Timms Director Feb 1978 20 Sep 2023 2 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
8
closed down
6
is FCA-registered
1

In the full report: all 8 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 one on the FCA register
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Filed accounts and finances

Year to 31 March 2024Full accountsNot audited

Net assets

£311k

No earlier figure to compare

Cash at bank

£90.2k

−69% from £295k

Employees (average)

4

+33% from 3

Owed within a year

£286k

+452% from £51.9k

Its next accounts are overdue at Companies House.

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 13288592. 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

Custom Credit’s history from the FCA register and Companies House, newest first.

Key events (5) All events (10)

2022

28 October 2022

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Not permitted to canvass off trade premises)
  • Became authorised by the FCA

FCA register

2021

24 March 2021

  • Incorporated at Companies House
  • Damien Thomas Burke took control (75–100% of shares)

Companies House

In the full report: all 10 events

  • All 10 events in its history (5 shown here)
  • Every director appointment and resignation: 2
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Firms connected to Custom Credit

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

connected firms
3
share a director
1
share its postcode
2

In the full report: all 3 connected firms, named

  • How each is linked: shared directors (1), the same postcode (2)
  • Who links each one: the named directors, with dates
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Firms like Custom Credit

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

In Hertford

Jeffery EastHertfordAuthorisedAMI Vehicle Leasing LtdHertfordAuthorisedDavies R LimitedHertfordAuthorised

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 Custom Credit

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

  • 8 other companies its directors have run, named
  • 1 background check on its contact details
  • All 10 events in its history
  • 3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Custom Credit Limited FCA authorised?
Yes, Custom Credit Limited (FRN 961764) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm. It has held its current authorisation since October 2022 and works as a lender. The FCA has placed a limit on what it may do.
Is Custom Credit a scam or clone?
Custom Credit 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 Custom Credit?
Custom Credit is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Who owns Custom Credit?
Companies House lists one person with significant control of Custom Credit: Mr Damien Thomas Burke (75–100% of shares).
Who runs Custom Credit?
Companies House lists 2 directors of Custom Credit: Damien Thomas Burke and Howe James Timms.
How long has Custom Credit been in business?
The company was formed on 24 March 2021. Companies House now lists it as liquidation.
What do Custom Credit’s latest accounts show?
Its latest accounts, to 31 March 2024, show net assets of £311k (no earlier figure to compare) and cash at bank of £90.2k (−69% from £295k). Its accounts are overdue at Companies House.

Sources and links

The full report on Custom Credit Limited

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