Fractal Labs Ltd

Reference number: 813019

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

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 tomatopay.co.uk first appeared online, and whether it can receive email
  • What kind of line 07511 760900 is
  • Who else gives the postcode DE74 2SA
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Other names (2)

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

  • tomato pay Trading name
  • Fractal Former trading name

FCA permissions and consumer protection

  • Handle payments & transfers Funds safeguarded
    Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
  • 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 (2 permissions)
  • 7. Payment initiation services
  • 8. Account information services

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
08972946
Company status
Active
Company type
Private limited company
Incorporated
2 April 2014 (12 years old)
Registered office
3rd Floor 86-90 Paul Street, London, EC2A 4NE, England
Nature of business
  • Business and domestic software development (SIC 62012)

Directors and company secretaries

Name Role Born Appointed Other companies
Sameer Altaf Director Nov 1976 5 Feb 2024 None
Qasim Parvez Director Jun 1993 13 Apr 2026 None

In the full report: every company its directors have run

  • Confirmation that these 2 directors run no other company
  • All 6 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 December 2025Micro-entity accountsNot audited

Net assets

−£1.12m

Down £110k from −£1.01m

Employees (average)

1

−50% from 2

Owed within a year

£1.11m

+222% from £345k

Net assets are negative: on its last balance sheet the company owed £1.12m more than it owned.

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2020 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 08972946. 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

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

Key events (6) All events (19)

2024

5 February 2024

  • Ashar Nazim took control (75–100% of votes)
  • Nikolaos Chlechles stopped being a part-owner

Companies House

2018

11 September 2018

  • Regulated by the FCA from this date
  • Became an authorised payment institution

FCA register

2016

6 April 2016

  • Nikolaos Chlechles became a part-owner (25–50% of shares)

Companies House

2014

2 April 2014

  • 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: 10
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Firms connected to Fractal Labs

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

connected firms
4
share its postcode
4

In the full report: all 4 connected firms, named

  • How each is linked: the same postcode (4)
  • Who links each one: the named directors, with dates
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Firms like Fractal Labs

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

In Derby

Inni LtdDerbyRegistered

In the Derby (DE) postcode area

DGM Agility LimitedAlfretonRegistered

Elsewhere in the UK

Uber Payments UK LimitedLondonAuthorisedeBay Commerce UK LtdAuthorisedWise Payments LimitedLondonAuthorisedHiFX Europe LimitedBracknellAuthorised

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 Fractal Labs

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 19 events in its history
  • 4 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Fractal Labs Ltd FCA authorised?
Yes, Fractal Labs Ltd (FRN 813019) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since September 2018 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is Fractal Labs’ phone number and website?
The FCA register lists the phone number 07511 760900 and the website tomatopay.co.uk for Fractal Labs. If you were given different contact details, use these to check with the firm before going any further.
Is Fractal Labs a scam or clone?
Fractal Labs 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 Fractal Labs?
It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about Fractal Labs to the Financial Ombudsman Service, free of charge.
Who owns Fractal Labs?
Companies House lists one person with significant control of Fractal Labs: Ashar Nazim (75–100% of votes). Before that, it was controlled by Mr. Nikolaos Chlechles.
Who runs Fractal Labs?
Companies House lists 2 directors of Fractal Labs: Sameer Altaf and Qasim Parvez.
How long has Fractal Labs been in business?
The company was formed on 2 April 2014, and has held its current FCA authorisation since September 2018.
What do Fractal Labs’ latest accounts show?
Its latest accounts, to 31 December 2025, show net assets of −£1.12m (down £110k from −£1.01m).
Does Fractal Labs use any other names?
It trades as tomato pay. It has previously used the name Fractal.

Sources and links

The full report on Fractal Labs Ltd

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