Dahabshiil Transfer Services Ltd: FCA regulated?

Authorised by the FCA

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

Authorised for 8 years
Your funds are safeguarded
No FCA actions
Active company since 1998
Accounts filed up to 31 December 2024

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

dahabshiil.co.uk (opens in a new tab)
Phone number

020 7375 1110
Address

Dahabshiil Transfer Services Ltd, Dahabshiil Transfer Services Ltd, 85 Sidney Street, London, Tower Hamlets, E1 2FN, United Kingdom

In the full report: 3 background checks

When dahabshiil.co.uk first appeared online, and whether it can receive email
What kind of line 020 7375 1110 is
Who else gives the postcode E1 2FN

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: 03538207 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 31 March 1998 (28 years old)
Registered office: 12 New Fetter Lane, London, EC4A 1JP, United Kingdom
Nature of business: Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Abdirashid Mohamed Said Duale	Director	Jan 1977	3 Oct 2003	1 other company
James Albert Bradley	Director	Jul 1952	3 Feb 2017	13 other companies
Abdulwahab Sayed Osman	Director	Sep 1950	5 Dec 2019	None
Suleiman Yusuf Elmi	Director	Oct 1952	4 Apr 2023	None
BIRD & BIRD COMPANY SECRETARIES LTD	Corporate secretary	Not published	12 Jun 2014	–

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: 14
closed down: 7
is FCA-registered: 1

In the full report: all 14 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
The one on the FCA register
All 18 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 December 2024Full accountsAudited

Net assets

£1.81m

−15% from £2.14m

Cash at bank

£2.34m

−20% from £2.94m

Owed within a year

£2.88m

−17% from £3.46m

The accounts for the year to 31 December 2024 do not tag turnover in a form that can be read automatically, so it is not shown. The last tagged figure is £5.89m, for the year to 31 December 2021.

The accounts for the year to 31 December 2024 do not tag profit before tax in a form that can be read automatically, so it is not shown. The last tagged figure is £64.1k, for the year to 31 December 2023.

* Cash at bank usually includes customers’ money.

Profit before tax

In the full report: all 5 years of accounts

Every year from 2019 to 2024
Both charts, over every year
Every filed figure, year by year

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 03538207. 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

Dahabshiil Transfer Services’s history from the FCA register and Companies House, newest first.

Key events (4) All events (34)

2018

11 May 2018

Became an authorised payment institution

FCA register

2016

6 April 2016

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

Companies House

2010

18 January 2010

Supervised by HMRC under the money laundering rules from this date

FCA register

1998

31 March 1998

Incorporated at Companies House

Companies House

In the full report: all 34 events

All 34 events in its history (4 shown here)
Every director appointment and resignation: 30

Firms connected to Dahabshiil Transfer Services

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

connected firm: 1
share its postcode: 1
past link: 1

In the full report: the connected firm, named

How it is linked: the same postcode (1)
Who links it to this firm: the named directors, with dates
1 past link through former directors

Firms like Dahabshiil Transfer Services

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

In London

StoneX Financial LtdLondonAuthorised Real Transfer LimitedLondonAuthorised Onafriq UK LimitedLondonAuthorised Daytona Capital Management LimitedLondonAuthorised Sable International FX LimitedLondonAuthorised Trolley 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 Dahabshiil Transfer Services

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

14 other companies its directors have run, named
3 background checks on its contact details
5 years of accounts, charted
All 34 events in its history
1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Dahabshiil Transfer Services Ltd FCA authorised?

Yes, Dahabshiil Transfer Services Ltd (FRN 505067) 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 Dahabshiil Transfer Services’ phone number and website?

The FCA register lists the phone number 020 7375 1110 and the website dahabshiil.co.uk for Dahabshiil Transfer Services. If you were given different contact details, use these to check with the firm before going any further.

Is Dahabshiil Transfer Services a scam or clone?

Dahabshiil Transfer Services 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 Dahabshiil Transfer Services?

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 Dahabshiil Transfer Services to the Financial Ombudsman Service, free of charge.

Who owns Dahabshiil Transfer Services?

Dahabshiil Transfer Services is owned by Dahabshiil Holdings Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 6 April 2016.

Who runs Dahabshiil Transfer Services?

Companies House lists 4 directors of Dahabshiil Transfer Services: Abdirashid Mohamed Said Duale, James Albert Bradley, Abdulwahab Sayed Osman and Suleiman Yusuf Elmi.

How long has Dahabshiil Transfer Services been in business?

The company was formed on 31 March 1998, and has held its current FCA authorisation since May 2018.

What do Dahabshiil Transfer Services’ latest accounts show?

Its latest accounts, to 31 December 2024, show net assets of £1.81m (−15% from £2.14m) and cash at bank of £2.34m (−20% from £2.94m).