Etika Finance UK Limited

Reference number: 697658

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Authorised by the FCA

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

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.

In the full report: 3 background checks

  • When etika.com first appeared online, and whether it can receive email
  • What kind of line 0800 028 9321 is
  • Who else gives the postcode M2 1FB
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Other names (3)

If you were contacted under any of these names, it is this firm.

  • etika Trading name
  • PayBreak Limited Former name
  • afforditNOW Former trading name

FCA permissions and consumer protection

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • 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 (3 permissions)
  • Debt Administration
  • Debt-collecting
  • 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 what they may do

  • 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.

Company number
07440512
Company status
Active
Company type
Private limited company
Incorporated
16 November 2010 (15 years old)
Registered office
Colony Spring Gardens Suite 5.01, 19 Spring Gardens, Manchester, M2 1FB, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
John Sean Watherston Director Jul 1965 11 Dec 2023 7 other companies

Other companies run by its director

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
7
closed down
1
still active
6

In the full report: all 7 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • All 18 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 December 2023Group accountsAudited

Net assets

£42.4m

<1% from £42.7m

Cash at bank

£724k

−82% from £3.95m

Employees (average)

42

+11% from 38

Owed within a year

£5.88m

No earlier figure to compare

The firm files group accounts. These are the parent company’s own figures: the group’s combined figures are not published in a form that can be read reliably.

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2019 to 2023
  • The chart, over every year
  • Every filed figure, year by year
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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 07440512. 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

Etika Finance UK’s history from the FCA register and Companies House, newest first.

Key events (8) All events (50)

2021

31 May 2021

  • Contentis B.V. gave up control
  • Etika Holding Ltd took control (75–100% of shares)

Companies House

2020

29 April 2020

  • Changed its registered name from "PayBreak Limited"

FCA register

2016

28 April 2016

  • 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

6 April 2016

  • Contentis B.V. took control (75–100% of shares)

Companies House

2010

16 November 2010

  • Incorporated at Companies House

Companies House

In the full report: all 50 events

  • All 50 events in its history (8 shown here)
  • Every director appointment and resignation: 35
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Firms connected to Etika Finance UK

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

connected firm
1
share its postcode
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
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Firms like Etika Finance UK

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

In Manchester

Scott & Mears Credit Services LimitedManchesterAuthorisedArrow Global Massey LimitedManchesterAuthorisedLegate Group LimitedManchesterAuthorised

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 Etika Finance UK

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

  • 7 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 50 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Etika Finance UK Limited FCA authorised?
Yes, Etika Finance UK Limited (FRN 697658) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since April 2016 and works as a debt collector. The FCA has placed a limit on what it may do.
What is Etika Finance UK’s phone number and website?
The FCA register lists the phone number 0800 028 9321 and the website etika.com for Etika Finance UK. If you were given different contact details, use these to check with the firm before going any further.
Is Etika Finance UK a scam or clone?
Etika Finance UK 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 Etika Finance UK?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Etika Finance UK handles your money, so check the specific product before you commit. You can also refer complaints about Etika Finance UK to the Financial Ombudsman Service, free of charge.
Who owns Etika Finance UK?
Etika Finance UK is owned by Etika Holding Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 31 May 2021. Before that, it was controlled by Contentis B.V..
Who runs Etika Finance UK?
Companies House lists one director of Etika Finance UK: John Sean Watherston.
How long has Etika Finance UK been in business?
The company was formed on 16 November 2010, and has held its current FCA authorisation since April 2016.
What do Etika Finance UK’s latest accounts show?
Its latest accounts, to 31 December 2023, show net assets of £42.4m (<1% from £42.7m) and cash at bank of £724k (−82% from £3.95m).
Does Etika Finance UK use any other names?
It trades as etika. It has previously used 2 other names: PayBreak Limited and afforditNOW.

Sources and links

The full report on Etika Finance UK Limited

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