Fastrems Limited

Reference number: 937575

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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, 1 thing worth a closer look

  • When barimoneytransfer.co.uk first appeared online, and whether it can receive email
  • What kind of line 0330 118 0399 is
  • Whether W1W 5PF is a shared office: 136 other firms give it
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Other names (2)

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

  • Bari Money Transfer Trading name
  • Gul Money Transfer Former trading name

FCA permissions and consumer protection

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.
  • 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 (1 permission)
  • 6. Money remittance.

Limits on what they may do

  • A written Undertaking from Fastrems Limited (FRN 937575)
    Fastrems Limited (FRN 937575) undertakes to: • pay all liabilities owed to relevant payment services users (PSUs) as soon as practicable; • refrain from providing payment services as defined in Schedule 1 to the Payment Services Regulations 2017 (PSRs); • refrain from on-boarding or registering any new payment service users from the date of this undertaking.

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
12626970
Company status
Active
Company type
Private limited company
Incorporated
27 May 2020 (6 years old)
Registered office
167-169 Great Portland Street, 5th Floor, London, W1W 5PF, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Bilal Sahak Director Mar 1998 5 Jul 2023 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • Both people who have been directors, with their dates
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Filed accounts and finances

Year to 31 May 2025Small company accountsNot audited

Net assets

£42.6k

Up £54.4k from −£11.8k

Cash at bank

£41.3k

+246% from £11.9k

Employees (average)

4

Same as 4

Owed within a year

£0

−100% from £6,263

Net assets

In the full report: all 5 years of accounts

  • Every year from 2021 to 2025
  • 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.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 12626970. Figures are exactly as filed; nothing is estimated.

Key dates in its history

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

Key events (9) All events (17)

2025

18 December 2025

  • FCA imposed a requirement (A written Undertaking from Fastrems Limited (FRN 937575))

FCA register

2024

15 November 2024

  • Bilal Sahak took control (75–100% of shares)

Companies House

10 November 2024

  • Ahmad Zia gave up control

Companies House

2023

5 July 2023

  • Board replaced: its only director left and a new director took over

Companies House

2021

13 July 2021

  • Regulated by the FCA from this date
  • Registered as a small payment institution

FCA register

18 May 2021

  • Supervised by HMRC under the money laundering rules from this date

FCA register

2020

27 May 2020

  • Incorporated at Companies House
  • Ahmad Zia took control (75–100% of shares)

Companies House

In the full report: all 17 events

  • All 17 events in its history (9 shown here)
  • Every director appointment and resignation: 5
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Firms like Fastrems

Other firms of the same type (payment or money transfer firm), nearest first.

In London

StoneX Financial LtdLondonAuthorisedReal Transfer LimitedLondonAuthorisedOnafriq UK LimitedLondonAuthorisedDaytona Capital Management LimitedLondonAuthorisedSable International FX LimitedLondonAuthorisedTrolley Payments UK LtdLondonAuthorised

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 Fastrems

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
  • 3 background checks on its contact details, 1 flagged
  • 5 years of accounts, charted
  • All 17 events in its history

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Frequently asked questions about this firm

Is Fastrems Limited FCA authorised?
Yes, Fastrems Limited (FRN 937575) is registered with the FCA and permitted to provide its regulated services.
What is Fastrems’ phone number and website?
The FCA register lists the phone number 0330 118 0399 and the website barimoneytransfer.co.uk for Fastrems. If you were given different contact details, use these to check with the firm before going any further.
Is Fastrems a scam or clone?
Fastrems 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 Fastrems?
Protection depends on which product you hold and how Fastrems handles your money, so check the specific product before you commit. You can also refer complaints about Fastrems to the Financial Ombudsman Service, free of charge.
Who owns Fastrems?
Companies House lists one person with significant control of Fastrems: Mr Bilal Sahak (75–100% of shares). Before that, it was controlled by Mr Ahmad Zia.
Who runs Fastrems?
Companies House lists one director of Fastrems: Bilal Sahak.
How long has Fastrems been in business?
The company was formed on 27 May 2020, and has held its current FCA authorisation since July 2021.
What do Fastrems’ latest accounts show?
Its latest accounts, to 31 May 2025, show net assets of £42.6k (up £54.4k from −£11.8k) and cash at bank of £41.3k (+246% from £11.9k).
Does Fastrems use any other names?
It trades as Bari Money Transfer. It has previously used the name Gul Money Transfer.

Sources and links

The full report on Fastrems Limited

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