First Exchange Ltd

Reference number: 910530

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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.

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.

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 tayosend.com first appeared online, and whether it can receive email
  • What kind of line 020 8677 1800 is
  • Who else gives the postcode SW16 6EG
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Other names (1)

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

  • Tayo Send 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.

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
07700996
Company status
Active
Company type
Private limited company
Incorporated
12 July 2011 (15 years old)
Registered office
Matches the FCA register address ✓
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Ibrahim Barow Director Oct 1969 12 Jul 2011 None
Mohamed Ibrahim Osman Secretary Not published 21 Jul 2025 –

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
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Filed accounts and finances

Year to 31 July 2025Small company accountsNot audited

Net assets

£42.3k

+1.6% from £41.6k

Cash at bank

£41.4k

+3.3% from £40.1k

Employees (average)

2

Same as 2

Owed within a year

£5,124

+15% from £4,471

Net assets

In the full report: all 7 years of accounts

  • Every year from 2019 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 07700996. Figures are exactly as filed; nothing is estimated.

Key dates in its history

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

2023

5 July 2023

  • Began trading as "Tayo Send"

FCA register

2019

5 September 2019

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

FCA register

2016

6 April 2016

  • Ibrahim Barow took control (75–100% of shares)

Companies House

2011

12 July 2011

  • Incorporated at Companies House
  • Ibrahim Barow appointed as a director

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms connected to First Exchange

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

connected firms
2
share its postcode
2

In the full report: all 2 connected firms, named

  • How each is linked: the same postcode (2)
  • Who links each one: the named directors, with dates
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Firms like First Exchange

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 First Exchange

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
  • 7 years of accounts, charted
  • All 6 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is First Exchange Ltd FCA authorised?
Yes, First Exchange Ltd (FRN 910530) is registered with the FCA and permitted to provide its regulated services.
What is First Exchange’s phone number and website?
The FCA register lists the phone number 020 8677 1800 and the website tayosend.com for First Exchange. If you were given different contact details, use these to check with the firm before going any further.
Is First Exchange a scam or clone?
First Exchange 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 First Exchange?
Protection depends on which product you hold and how First Exchange handles your money, so check the specific product before you commit. You can also refer complaints about First Exchange to the Financial Ombudsman Service, free of charge.
Who owns First Exchange?
Companies House lists one person with significant control of First Exchange: Mr Ibrahim Barow (75–100% of shares).
Who runs First Exchange?
Companies House lists one director of First Exchange: Ibrahim Barow.
How long has First Exchange been in business?
The company was formed on 12 July 2011, and has held its current FCA authorisation since September 2019.
What do First Exchange’s latest accounts show?
Its latest accounts, to 31 July 2025, show net assets of £42.3k (+1.6% from £41.6k) and cash at bank of £41.4k (+3.3% from £40.1k).
Does First Exchange use any other names?
It trades as Tayo Send.

Sources and links

The full report on First Exchange Ltd

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