Fifo Business Finance Limited

Reference number: 949568

Instant download

On the register, but not FCA authorised

This firm is registered with the FCA for anti-money-laundering checks only, which is why it appears on the register. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.

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 FSCS compensation, and the Financial Ombudsman Service usually cannot look at a complaint about unregulated business.

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

    Ocean House, The Ring, Bracknell, Berkshire, RG12 1AX, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode RG12 1AX
Instant PDF download
Other names (1)

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

  • Fifo Capital Trading name

Past FCA permissions and consumer protection

  • Money-laundering registration only
    This 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 may not be able to consider a complaint about unregulated business.

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

  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
Company name
FIFO BUSINESS FINANCE LTD
Company number
11369023
Company status
Active
Company type
Private limited company
Incorporated
17 May 2018 (8 years old)
Registered office
59 Bradfield Road, Stretford, Manchester, M32 9LA, England
Nature of business
  • Factoring (SIC 64992)

Directors and company secretaries

Name Role Born Appointed Other companies
Staale Aasestrand Director Sep 1959 17 May 2018 3 other companies
John Blackmore Director Dec 1969 17 May 2018 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
still active
2

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
Instant PDF download

Filed accounts and finances

Year to 28 February 2021Micro-entity accountsAudited

Net assets

−£9,858

−191% from £10.8k

Employees (average)

3

+50% from 2

Owed within a year

£1.19m

+30% from £918k

Its next accounts are overdue at Companies House.

Net assets are negative: on its last balance sheet the company owed £9,858 more than it owned.

Net assets

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 11369023. 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

Fifo Business Finance’s history from the FCA register and Companies House, newest first.

Key events (4) All events (7)

2022

7 February 2022

  • Registered with the FCA

FCA register

2018

17 May 2018

  • Incorporated at Companies House
  • Fifo Capital England Ltd took control (75–100% of shares)
  • John Blackmore became a part-owner (25–50% of shares)

Companies House

In the full report: all 7 events

  • All 7 events in its history (4 shown here)
  • Every director appointment and resignation: 2
Instant PDF download

Get the full report on Fifo Business Finance

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
  • 1 background check on its contact details
  • All 7 events in its history

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Fifo Business Finance Limited FCA authorised?
Fifo Business Finance Limited (FRN 949568) is registered with the FCA under the Money Laundering Regulations only. That is anti-money-laundering supervision, not FCA authorisation, and the FCA does not supervise the firm's conduct.
Is Fifo Business Finance a scam or clone?
Fifo Business Finance is genuinely on the FCA's money-laundering register, so it is not an outright fake, but registration is not authorisation, and scammers impersonate registered firms too. Verify contact details against the register before sending money.
Is my money safe with Fifo Business Finance?
Money you hand to Fifo Business Finance is not protected by the FSCS. Money-laundering registration carries no compensation scheme, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.
Who owns Fifo Business Finance?
Fifo Business Finance is owned by Fifo Capital England Ltd, which holds 75–100% of shares and 75–100% of votes, since 17 May 2018.
Who runs Fifo Business Finance?
Companies House lists 2 directors of Fifo Business Finance: Staale Aasestrand and John Blackmore.
How long has Fifo Business Finance been in business?
The company was formed on 17 May 2018.
What do Fifo Business Finance’s latest accounts show?
Its latest accounts, to 28 February 2021, show net assets of −£9,858 (−191% from £10.8k). Its accounts are overdue at Companies House.
Does Fifo Business Finance use any other names?
It trades as Fifo Capital.

Sources and links

The full report on Fifo Business Finance Limited

£19.99 · Instant PDF download

Loading secure checkout…