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 6 July 2012.
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
020 8925 0444
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Last known address
438 Hoe Street, Walthamstow, London, E17 9AH, United Kingdom
In the full report: 2 background checks
- What kind of line 020 8925 0444 is, and the other firm that gives it
- Who else gives the postcode E17 9AH
Other names (1)
If you were contacted under any of these names, it is this firm.
- Best Money Exchange 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
- 06640668 (opens Companies House in a new tab)
- Company status
- Dissolved
- Company type
- Private limited company
- Incorporated
- 8 July 2008 (18 years old)
- Registered office
- 438 Hoe Street, London, E17 9AH
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Muhammad Munir Abid | Director | Dec 1963 | 2 Jan 2009 | None |
| Shaikh Khawar Mehboob | Director | Apr 1962 | 2 Jan 2009 | None |
| Mian Amin Sheikh | Director | Dec 1964 | 29 Jan 2011 | None |
| Babar Mehboob | Director | Oct 1967 | 24 Oct 2011 | None |
In the full report: every company its directors have run
- Confirmation that these 4 directors run no other company
- All 5 people who have been directors, with their dates
Filed accounts and finances
Net assets
£101k
Same as £101k
Cash at bank
£219k
No earlier figure to compare
Owed within a year
£127k
No earlier figure to compare
Net assets
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 06640668. 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
Dollar East Money Transfer’s history from the FCA register and Companies House, newest first.
2018
21 August 2018
- Company dissolved
Companies House
2016
1 June 2016
- Mian Amin Sheikh took control (75–100% of shares)
Companies House
2013
1 April 2013
- Regulated by the FCA from this date
FCA register
2012
6 July 2012
- Status on the FCA register became "Cancelled - Small PI"
FCA register
2009
1 November 2009
- Regulated by the Financial Services Authority from this date
FCA register
12 August 2009
- Supervised by HMRC under the money laundering rules from this date
FCA register
2008
8 July 2008
- Incorporated at Companies House
Companies House
In the full report: all 15 events
- All 15 events in its history (7 shown here)
- Every director appointment and resignation: 6
Firms connected to Dollar East Money Transfer
Other FCA-listed firms that share a director, phone number or address with Dollar East Money Transfer. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 3
- share its phone number
- 1
- share its postcode
- 3
In the full report: all 3 connected firms, named
- How each is linked: the same phone number (1), the same postcode (3)
- Who links each one: the named directors, with dates
Firms like Dollar East Money Transfer
Other firms of the same type (payment or money transfer firm), nearest first.
In the East London (E) postcode area
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 Dollar East Money Transfer
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
- All 15 events in its history
- 3 connected firms, named, and who links them
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Frequently asked questions about this firm
Is Dollar East Money Transfer Limited FCA authorised?
Is Dollar East Money Transfer a scam or clone?
Is my money safe with Dollar East Money Transfer?
Who owns Dollar East Money Transfer?
Who runs Dollar East Money Transfer?
How long has Dollar East Money Transfer been in business?
What do Dollar East Money Transfer’s latest accounts show?
Does Dollar East Money Transfer 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