Global Transact Ltd

Reference number: 628916

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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.

  • No website on the FCA register

  • Phone number

    020 8149 0418

  • Address

    Unit 7, 408 Alexandra Avenue, Rayners Lane, Harrow, England, HA2 9TR, United Kingdom

In the full report: 2 background checks

  • What kind of line 020 8149 0418 is
  • Who else gives the postcode HA2 9TR
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Other names (2)

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

  • Asmat Sungeen Former name
  • Global Services & Co Ltd Former 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
08701135
Company status
Active
Company type
Private limited company
Incorporated
23 September 2013 (13 years old)
Registered office
Unit 7 408 Alexandra Avenue, Rayners Lane, Harrow, HA2 9TR, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Mir Wais Fadaie Director Mar 1987 26 Apr 2022 1 other company

Other companies run by its director

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 company
1
still active
1
is FCA-registered
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register, including one no longer authorised
  • All 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 September 2025Abridged accountsNot audited

Net assets

£26.3k

+2.5% from £25.7k

Cash at bank

£27.9k

−7.7% from £30.2k

Employees (average)

1

Same as 1

Owed within a year

£1,598

−68% from £4,931

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 08701135. 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

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

Key events (9) All events (14)

2022

23 November 2022

  • Asmat Sungeen gave up control
  • Mirwais Fadaie took control (75–100% of shares)

Companies House

17 June 2022

  • Changed its registered name from "Global Services & Co Ltd"

FCA register

2018

2 October 2018

  • Registered as a small payment institution

FCA register

2016

6 April 2016

  • Asmat Sungeen took control (75–100% of shares)

Companies House

2014

24 July 2014

  • Changed its registered name from "Asmat Sungeen"

FCA register

10 July 2014

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

FCA register

4 April 2014

  • Regulated by the FCA from this date

FCA register

2013

23 September 2013

  • Incorporated at Companies House

Companies House

In the full report: all 14 events

  • All 14 events in its history (9 shown here)
  • Every director appointment and resignation: 5
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Firms connected to Global Transact

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

connected firms
2
share its postcode
2
past link
1

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
  • 1 past link through former directors
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Firms like Global Transact

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

In Harrow

AMO Money Transfer & Exchange LtdHarrowRegisteredAR Worldwide Services LtdHarrowRegisteredCapital Remittance LtdHarrowRegisteredEman Services LimitedHarrowRegisteredGaheez LtdHarrowRegisteredKhadim Services LimitedHarrowRegistered

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 Global Transact

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

  • 1 other company its directors have run, named
  • 2 background checks on its contact details
  • 7 years of accounts, charted
  • All 14 events in its history
  • 2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Global Transact Ltd FCA authorised?
Yes, Global Transact Ltd (FRN 628916) is registered with the FCA and permitted to provide its regulated services.
What is Global Transact’s phone number?
The FCA register lists the phone number 020 8149 0418 for Global Transact. If you were given different contact details, use these to check with the firm before going any further.
Is Global Transact a scam or clone?
Global Transact 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 Global Transact?
Protection depends on which product you hold and how Global Transact handles your money, so check the specific product before you commit. You can also refer complaints about Global Transact to the Financial Ombudsman Service, free of charge.
Who owns Global Transact?
Companies House lists one person with significant control of Global Transact: Mr Mirwais Fadaie (75–100% of shares). Before that, it was controlled by Mr Asmat Sungeen.
Who runs Global Transact?
Companies House lists one director of Global Transact: Mir Wais Fadaie.
How long has Global Transact been in business?
The company was formed on 23 September 2013, and has held its current FCA authorisation since October 2018.
What do Global Transact’s latest accounts show?
Its latest accounts, to 30 September 2025, show net assets of £26.3k (+2.5% from £25.7k) and cash at bank of £27.9k (−7.7% from £30.2k).
Does Global Transact use any other names?
It has previously used 2 other names: Asmat Sungeen and Global Services & Co Ltd.

Sources and links

The full report on Global Transact Ltd

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