Honest Cars Ltd

Reference number: 1055788

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Authorised by the FCA

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

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 honestcarsltd.co.uk first appeared online, and whether it can receive email
  • What kind of line 0116 509 5424 is
  • Who else gives the postcode LE2 0BD
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FCA permissions and consumer protection

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • 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 (3 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling

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
16701541
Company status
Active
Company type
Private limited company
Incorporated
8 September 2025 (1 year old)
Registered office
7 Hutchinson Street, Leicester, LE2 0BD, England
Nature of business
  • Sale of used cars and light motor vehicles (SIC 45112)

Directors and company secretaries

Name Role Born Appointed Other companies
Elizabeth Aude Olgiati Director Jun 1995 8 Sep 2025 None
Rohith Varma Varikuppala Director Nov 1995 8 Sep 2025 None
Mohammad Ally-Akbar Hussein Peerally Director Mar 1999 27 Nov 2025 None

In the full report: every company its directors have run

  • Confirmation that these 3 directors run no other company
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Key dates in its history

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

Key events (10) All events (16)

2026

24 July 2026

  • Mohammad Ally-Akbar Hussein Peerally became a part-owner (25–50% of shares)
  • Mohammad Ally-Akbar Hussein Peerally gave up control

Companies House

10 July 2026

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

3 March 2026

  • Elizabeth Aude Olgiati stopped being a part-owner
  • Mohammad Ally-Akbar Hussein Peerally took control (75–100% of shares)
  • Rohith Varma Varikuppala stopped being a part-owner

Companies House

2025

8 September 2025

  • Incorporated at Companies House
  • Elizabeth Aude Olgiati became a part-owner (25–50% of shares)
  • Rohith Varma Varikuppala became a part-owner (25–50% of shares)

Companies House

In the full report: all 16 events

  • All 16 events in its history (10 shown here)
  • Every director appointment and resignation: 3
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Firms like Honest Cars

Other firms of the same type (car dealer), nearest first.

In Leicester

Cruickshank Motors LimitedLeicesterAuthorisedGoodman Retail LimitedLeicesterAuthorisedGraypaul Motors LimitedLeicesterAuthorisedR Stratton & Co Ltd.LeicesterAuthorisedSytner Cars LimitedLeicesterAuthorisedSytner LimitedLeicesterAuthorised

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 Honest Cars

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
  • All 16 events in its history

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Frequently asked questions about this firm

Is Honest Cars Ltd FCA authorised?
Yes, Honest Cars Ltd (FRN 1055788) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since July 2026 and works as a car dealer. The FCA has placed no limits on its permissions.
What is Honest Cars’ phone number and website?
The FCA register lists the phone number 0116 509 5424 and the website honestcarsltd.co.uk for Honest Cars. If you were given different contact details, use these to check with the firm before going any further.
Is Honest Cars a scam or clone?
Honest Cars 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 Honest Cars?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Honest Cars handles your money, so check the specific product before you commit. You can also refer complaints about Honest Cars to the Financial Ombudsman Service, free of charge.
Who owns Honest Cars?
Companies House lists one person with significant control of Honest Cars: Mohammad Ally-Akbar Hussein Peerally (25–50% of shares). Before that, it was controlled by Ms Elizabeth Aude Olgiati and Mr Rohith Varma Varikuppala.
Who runs Honest Cars?
Companies House lists 3 directors of Honest Cars: Elizabeth Aude Olgiati, Rohith Varma Varikuppala and Mohammad Ally-Akbar Hussein Peerally.
How long has Honest Cars been in business?
The company was formed on 8 September 2025, and has held its current FCA authorisation since July 2026.

Sources and links

The full report on Honest Cars Ltd

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