Authorised, but in an insolvency process
This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.
- No FCA actions
- Accounts filed up to 31 December 2024
- Company: in administration
- Accounts are overdue at Companies House
- Confirmation statement is overdue at Companies House
What the FCA says
FCA Investigation
FCA opens investigation into Euro Exchange Securities UK Ltd We are investigating potential offences by Euro Exchange Securities UK Ltd (EES). The reason for opening the investigation is that it appears to us that, between 1 February 2020 and 4 June 2026, EES may have committed offences under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLRs). EES may have failed to take appropriate steps to identify and assess the risks of money laundering, including in relation to its customers, the countries or geographic areas where it operated, its services, its transactions and delivery channels, and sufficiently document and update that assessment. It may also have failed to establish and maintain policies, controls and procedures to mitigate and manage effectively the risks of money laundering identified in the risk assessment (as above), including in relation to: - Customer due diligence - Ongoing monitoring controls - Internal governance and oversight - Resourcing and allocation of responsibilities - Record-keeping and escalation/reporting mechanisms We have not yet reached any conclusions in this investigation as to what has happened or as to whether EES has breached any relevant requirements.
ATTENTION - Firm in an insolvency process
This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).
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.
-
No website on the FCA register
-
No phone number on the FCA register
-
Address
c/o James Bennett and Duncan Perring both of Teneo Advisory, The Carter Building, 11 Pilgrim Street, London, EC4V 6RN, United Kingdom
In the full report: 1 background check
- Who else gives the postcode EC4V 6RN
Past FCA permissions and consumer protection
- In an insolvency processMoney the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (7 permissions)
- a) Services enabling cash placement on a payment account
- b) Services enabling cash withdrawals from a payment account
- c) Execution of payment transactions (not covered by a credit line)
- d) Execution of payment transactions (covered by a credit line)
- e) Issuing payment instruments or acquiring payment transactions
- f) Money remittance
- h) Issuing Electronic Money
Limits on the record
-
Restriction on business activities
1. The Firm must not, without the prior written consent of the Authority, carry out any electronic money services for which it is authorised by the Authority pursuant to Part 2 of the EMRs or conduct any payment services as defined under regulation 2(1) of the Payment Services Regulations 2017 (“the PSRs”). For the avoidance of doubt, this includes not onboarding any new customers and not accepting any new funds from existing customers.
-
Assets requirement
2. The Firm must not return, transfer, or otherwise deal with any funds that have been received in exchange for electronic money that has been issued (“Relevant Funds” as defined in Regulation 20 of the EMRs) without the prior written consent of the Authority. 3. The Firm must appoint an independent and suitably qualified third party, to be agreed in advance with the Authority, to oversee the return of Relevant Funds to the Firm’s clients. 4. In respect of Requirement 2, a client may redeem their own funds upon their request to the Firm where the customer due diligence and, where applicable, enhanced due diligence on the client file has been remediated to the satisfaction of the independent third party (appointed in accordance with Requirement 3 above) so that the evidence contained in the client file is sufficient to enable the Firm to comply with its obligations under the relevant legislation, including the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 and the Proceeds of Crime Act 2002 in respect of the client. 5. The Firm must ensure that all Relevant Funds are appropriately ringfenced in a designated safeguarding account, in accordance with regulations 20, 21 and 22 of the EMRs. For avoidance of doubt, if this requires a transfer between accounts, this must only be done with the prior written consent of the Authority.
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 in administration, but it is still authorised on the FCA register.
- Accounts are overdue at Companies House.
- Confirmation statement is overdue at Companies House.
- This company has insolvency history on record.
- Company name
- EURO EXCHANGE SECURITIES UK LIMITED
- Company number
- 06409565 (opens Companies House in a new tab)
- Company status
- Administration
- Company type
- Private limited company
- Incorporated
- 25 October 2007 (19 years old)
- Registered office
- TENEO FINANCIAL ADVISORY LIMITED, The Colmore Building 20 Colmore Circus Queensway, Birmingham, B4 6AT
- Nature of business
-
- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Luis Alberto Gasparini | Director | Sep 1956 | 6 Dec 2007 | 1 other company |
| Luis Alberto Gasparini Jr. | Director | Mar 1990 | 11 Jan 2021 | None |
| Sasha Ramjiawan | Director | Jan 1969 | 22 Apr 2025 | None |
Other companies run by these 3 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 company
- 1
- closed down
- 1
In the full report: all 1 company, named
- What each company does, and whether it is still trading
- Which of these 3 directors sit on each board, and since when
- Any that went into liquidation or administration
- All 9 people who have ever been directors, with their dates
Filed accounts and finances
Turnover
£2.20m
No earlier figure to compare
Profit before tax
−£787k
No earlier figure to compare
Net assets
£2.14m
No earlier figure to compare
Cash at bank
£22.8m
No earlier figure to compare
Its next accounts are overdue at Companies House.
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 06409565. 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
Euro Exchange Securities UK’s history from the FCA register and Companies House, newest first.
2026
2 June 2026
- FCA imposed a requirement (Assets requirement)
- FCA imposed a requirement (Restriction on business activities)
FCA register
2018
20 July 2018
- Regulated by the FCA from this date
- Became an authorised e-money institution
FCA register
2016
6 April 2016
- Luis Alberto Gasparini took control (75–100% of shares)
Companies House
2007
25 October 2007
- Incorporated at Companies House
Companies House
In the full report: all 19 events
- All 19 events in its history (6 shown here)
- Every director appointment and resignation: 13
Firms like Euro Exchange Securities UK
Other firms of the same type (payment or money transfer firm), 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 Euro Exchange Securities UK
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 1 other company its directors have run, named
- 1 background check on its contact details
- All 19 events in its history
Instant PDF One-off payment Secure checkout by Stripe
Frequently asked questions about this firm
Is Euro Exchange Securities UK Ltd FCA authorised?
Is Euro Exchange Securities UK a scam or clone?
Is my money safe with Euro Exchange Securities UK?
Who owns Euro Exchange Securities UK?
Who runs Euro Exchange Securities UK?
How long has Euro Exchange Securities UK been in business?
What do Euro Exchange Securities UK’s latest accounts show?
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