Fairscore Ltd: FCA regulated?

No longer a payment agent

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. Registration ended 5 February 2021.

This is one of the company's FCA records. It separately holds full FCA authorisation under FRN 810923 →.

This company holds another FCA record

A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.

Fairscore Ltd Reference number: 810923 Authorised

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.

Last known website

updraft.co.uk
Last known phone number

07481 945313
Last known address

5 Merchant Square, London, W2 1AY, United Kingdom

In the full report: 3 background checks

When updraft.co.uk first appeared online, and whether it can receive email
What kind of line 07481 945313 is
Who else gives the postcode W2 1AY

Other names (1)

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

Updraft Trading name: A name it trades under now.

Past FCA permissions and consumer protection

The record is closed
Cover 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.

Company number: 10868865 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 17 July 2017 (9 years old)
Registered office: 20-22 Wenlock Road, London, N1 7GU, England
Nature of business: Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors (SIC 64921)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Aseem Munshi	Director	Apr 1975	17 Jul 2017	5 other companies
Kieren Auluk	Director	Apr 1992	31 Mar 2024	3 other companies

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: 8
closed down: 4
still active: 4

In the full report: all 8 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
All 3 people who have ever been directors, with their dates

Filed accounts and finances

9 months to 31 December 2021Group accountsAudited

Turnover

£2.40m

First group accounts: no earlier group figure to compare

Profit before tax

−£3.06m

First group accounts: no earlier group figure to compare

In the full report: all 4 years of accounts

Every year from 2019 to 2021
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.

Figures from the year to 31 December 2021 are for the group: the company and the businesses it owns. Earlier years are the company’s own accounts, from before it had a group.

The figures for the year to 31 December 2021 were read from the printed accounts, because the filing does not tag them in a form that can be read automatically. They were checked against the accounts’ own totals.

Accounts filed at Companies House for company 10868865. 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

Fairscore’s history from the FCA register and Companies House, newest first.

Key events (3) All events (8)

2021

5 February 2021

Status on the FCA register became "PSD Agent Former"

FCA register

2017

17 July 2017

Incorporated at Companies House
Aseem Munshi became a part-owner (25–50% of shares)

Companies House

In the full report: all 8 events

All 8 events in its history (3 shown here)
Every director appointment and resignation: 4

Firms connected to Fairscore

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

connected firms: 5
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

Get the full report on Fairscore

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

8 other companies its directors have run, named
3 background checks on its contact details
4 years of accounts, charted
All 8 events in its history
5 connected firms, named, and who links them

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Fairscore Ltd FCA authorised?

No. Fairscore Ltd (FRN 828910) is still listed on the FCA register, but the record is closed: no longer a payment agent.

Is Fairscore a scam or clone?

Fairscore is not currently authorised by the FCA. Be cautious and verify any firm on the FCA register before dealing with it.

Is my money safe with Fairscore?

Money you handed over while it was authorised generally keeps its protection: FSCS covers firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading. New business with Fairscore has no cover, because it is no longer permitted to carry it out.

Who owns Fairscore?

Companies House lists one person with significant control of Fairscore: Aseem Munshi (25–50% of shares).

Who runs Fairscore?

Companies House lists 2 directors of Fairscore: Aseem Munshi and Kieren Auluk.

How long has Fairscore been in business?

The company was formed on 17 July 2017.

What do Fairscore’s latest accounts show?

Its latest accounts, to 31 December 2021, show turnover of £2.40m (first group accounts: no earlier group figure to compare) and profit before tax of −£3.06m (first group accounts: no earlier group figure to compare).

Does Fairscore use any other names?

It trades as Updraft.