No longer authorised
This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 16 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.
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No website on the FCA register
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Last known phone number
01922 620800
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Last known address
Unit 8, 85 Caldmore Road, Walsall, West Midlands, WS1 3NR, United Kingdom
In the full report: 2 background checks
- What kind of line 01922 620800 is
- Who else gives the postcode WS1 3NR
Other names (1)
If you were contacted under any of these names, it is this firm.
- Direct Accessories Trading name: A name it trades under now.
Past FCA permissions and consumer protection
- The record is closedCover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.
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 as dissolved.
- Company number
- 08195651 (opens Companies House in a new tab)
- Company status
- Dissolved
- Company type
- Private limited company
- Incorporated
- 30 August 2012 (14 years old)
- Registered office
- Unit 8 85 Caldmore Road, Walsall, Uk, WS1 3NR
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Madan Gopal | Director | Oct 1963 | 30 Aug 2012 | None |
In the full report: every company its directors have run
- Confirmation that its director runs no other company
Filed accounts and finances
Net assets
£8,363
Up £7,895 from £468
Employees (average)
0
−100% from 1
Owed within a year
£3,551
−42% from £6,146
Assets and liabilities
In the full report: all 4 years of accounts
- Every year from 2019 to 2022
- The chart, 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.
There is no turnover or profit: small companies do not have to publish them.
Accounts filed at Companies House for company 08195651. 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
Direct Money Exchange’s history from the FCA register and Companies House, newest first.
2024
5 March 2024
- Company dissolved
Companies House
2022
16 December 2022
- No longer regulated by the FCA
- No longer supervised by HMRC
- Status on the FCA register became "Cancelled - Small PI"
FCA register
2016
1 June 2016
- Madan Gopal took control (75–100% of shares)
Companies House
2013
1 April 2013
- Regulated by the FCA from this date
FCA register
2012
30 November 2012
- Regulated by the Financial Services Authority from this date
FCA register
5 September 2012
- Supervised by HMRC under the money laundering rules from this date
FCA register
30 August 2012
- Incorporated at Companies House
Companies House
In the full report: all 12 events
- All 12 events in its history (9 shown here)
- Every director appointment and resignation: 1
Firms connected to Direct Money Exchange
Other FCA-listed firms that share a director, phone number or address with Direct Money Exchange. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 5
- no longer authorised
- 1
- share its postcode
- 5
In the full report: all 5 connected firms, named
- How each is linked: the same postcode (5)
- Who links each one: the named directors, with dates
Firms like Direct Money Exchange
Other firms of the same type (payment or money transfer firm), nearest first.
In the Walsall (WS) postcode area
Elsewhere in the UK
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 Direct Money Exchange
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- Every company its directors have run, named
- 2 background checks on its contact details
- 4 years of accounts, charted
- All 12 events in its history
- 5 connected firms, named, and who links them
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Frequently asked questions about this firm
Is Direct Money Exchange Ltd FCA authorised?
Is Direct Money Exchange a scam or clone?
Is my money safe with Direct Money Exchange?
Who owns Direct Money Exchange?
Who runs Direct Money Exchange?
How long has Direct Money Exchange been in business?
What do Direct Money Exchange’s latest accounts show?
Does Direct Money Exchange use any other names?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Report a scam to the FCA fca.org.uk