Enigma Securities Ltd
Reference number: 930442
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On the register, but not FCA authorised
This firm is registered with the FCA for anti-money-laundering checks only, which is how cryptoasset firms are registered. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.
- Registered for 4 years
- No FCA actions
- Active company since 2017
- Accounts filed up to 31 December 2024
What does this mean?
- Some businesses are required by law to have an anti-money-laundering supervisor. For this kind of business that supervisor is the FCA, and the registration is the only reason the firm appears on the FCA register.
- What the FCA checks is narrow: that the firm identifies its customers, keeps records, and reports suspicious activity. It is the anti-crime paperwork behind a bank asking you for ID.
- It does not check anything about you as a customer. Not whether the firm treats you fairly, not whether it is financially sound, not whether what it sells is any good. The FCA describes firms registered this way as “not authorised or subject to wider FCA regulation”.
- So if the firm fails or treats you badly, there is no compensation to fall back on. The FCA's own position is that crypto is largely unregulated in the UK and that compensation for crypto losses is highly unlikely.
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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Phone number
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Address
6th Floor, 30 Panton Street, London, SW1Y 4AJ, United Kingdom
In the full report: 3 background checks
- When enigma-securities.io first appeared online, and whether it can receive email
- What kind of line 020 8068 6911 is
- Who else gives the postcode SW1Y 4AJ
Past FCA permissions and consumer protection
- Money-laundering registration onlyThis firm is registered for anti-money-laundering supervision only. It is not FCA-authorised. Money you hand over is not protected by the FSCS, and the Financial Ombudsman Service generally does not cover unregulated cryptoasset activity.
Limits on the record
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VOLUNTARY REQUEST FOR IMPOSITION OF DIRECTION
This entry sets out the terms of the Directions imposed on the Firm pursuant to Regulation 74C(6)(a) of the MLRs. 1. The Firm may onboard new customers, subject to complying with the following conditions: a. The Firm must submit monthly reports to the Authority commencing one month after the Effective Date containing: i. The number of customers onboarded during that month’s reporting period and their respective risk ratings; and ii. An attestation by the Firm that all regulatory obligations have been met in respect of onboarding those new customers. b. Within 6 months of the Effective Date, the Firm must remediate all deficiencies identified in its financial crime systems and controls, as set out in the Authority’s feedback letter dated 11 March 2025 (the “Feedback Letter”). c. Within 6 months of the Effective Date, the Firm’s Money Laundering Reporting Officer must complete a root cause analysis to determine the cause of the deficiencies identified in the Feedback Letter. d. Within 6 months of the Effective Date, the Firm must complete its current Know-Your-Customer (“KYC”) refresh exercise, including: i. All customers currently undergoing a KYC refresh, or where a KYC refresh is due as per the Firm’s policy, must be completed within 6 months of the Effective Date; and ii. Per the Firm’s Client Onboarding Process Document dated March 2025, any customers who do not provide the requisite information for the KYC refresh in that 6 months will be subject to a trading suspension. If the customer fails to provide the requisite information within a further 3-month period, they will be offboarded. e. Within 6 months of the Effective Date, the Firm will offboard all customers currently subject to an automated trading suspension due to client inactivity, as per the Firm’s Offboarding Policy.
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VOLUNTARY REQUEST FOR IMPOSITION OF DIRECTION
This entry sets out the terms of the Directions imposed on the Firm pursuant to Regulation 74C(6)(a) of the MLRs. Restriction on Crypto ATM customers 1. The Firm must not, without the prior written consent of the Authority, onboard any new customer that operates a machine which utilises automated processes to exchange Cryptoassets for Money or Money for Cryptoassets. 2. The Firm must not, without the prior written consent of the Authority, provide any services that fall within the definition of a “cryptoasset exchange provider”, as defined in Regulation 14A(1) of the MLRs, to any existing customer that operates a machine which utilises automated processes to exchange Cryptoassets for Money or Money for Cryptoassets. Definitions In this application: i. “existing customer” means a person (natural or legal) who (prior to the Effective Date) has entered into a business relationship with the Firm for the provision of services that fall within the scope of Regulation 14A(1) of the MLRs; and ii. “new customer” means a person (natural or legal) who is not an existing customer of the Firm.
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
- 11114339 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 15 December 2017 (8 years old)
- Registered office
- 30 Panton Street, London, SW1Y 4AJ, England
- Nature of business
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- Financial management (SIC 70221)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Avi Bouhadana | Director | Dec 1967 | 15 Dec 2017 | 3 other companies |
| Michael Halimi | Director | Jun 1968 | 21 Nov 2022 | None |
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
- 3
- closed down
- 1
- is FCA-registered
- 1
In the full report: all 3 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
- All 3 people who have ever been directors, with their dates
Filed accounts and finances
Total equity
£1.60m
No earlier figure to compare
Cash at bank
£4.59m
+23% from £3.73m
Owed within a year
£23.8m
−21% from £30.1m
No turnover or profit for the year to 31 December 2024: the accounts print them but do not tag them. The last tagged figures are £4.64m turnover and −£1.73m profit, for the year to 31 December 2023.
Turnover and profit
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 11114339. 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
Enigma Securities’s history from the FCA register and Companies House, newest first.
2025
8 April 2025
- FCA imposed a requirement (VOLUNTARY REQUEST FOR IMPOSITION OF DIRECTION)
FCA register
2024
15 July 2024
- FCA imposed a requirement (VOLUNTARY REQUEST FOR IMPOSITION OF DIRECTION)
FCA register
2022
1 June 2022
- Avi Bouhadana no longer has significant control
- Michael Elie Halimi stopped being a part-owner
Companies House
21 January 2022
- Regulated by the FCA from this date
FCA register
2021
24 December 2021
- Registered with the FCA
FCA register
2017
15 December 2017
- Incorporated at Companies House
- Avi Bouhadana gained significant control
- Makor Partners Limited took control (75–100% of shares)
- Michael Elie Halimi became a part-owner (25–50% of shares)
Companies House
In the full report: all 14 events
- All 14 events in its history (10 shown here)
- Every director appointment and resignation: 4
Firms connected to Enigma Securities
Other FCA-listed firms that share a director, phone number or address with Enigma Securities. A link shows who the firm is tied to, not whether either can be trusted.
- connected firm
- 1
- share a director
- 1
- share its postcode
- 1
In the full report: the connected firm, named
- How it is linked: shared directors (1), the same postcode (1)
- Who links it to this firm: the named directors, with dates
Firms like Enigma Securities
Other firms of the same type (financial adviser), nearest first.
In London
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 Enigma Securities
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 3 other companies its directors have run, named
- 3 background checks on its contact details
- All 14 events in its history
- 1 connected firm, named, and who links them
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Frequently asked questions about this firm
Is Enigma Securities Ltd FCA authorised?
What is Enigma Securities’ phone number and website?
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Who runs Enigma Securities?
How long has Enigma Securities been in business?
What do Enigma Securities’ latest accounts show?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Crypto: what the FCA registration means fca.org.uk
- Report a scam to the FCA fca.org.uk