IFIC Money Transfer (UK) Limited: FCA regulated?

Authorised by the FCA

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

Authorised for 8 years
Your funds are safeguarded
No FCA actions
Active company since 2010
Accounts filed up to 31 December 2025
1 thing worth a closer look in the background checks

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.

IFIC Money Transfer (UK) Ltd Reference number: 538535 No longer authorised

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.

Website

ificuk.co.uk (opens in a new tab)
Phone number

020 7247 9670
Address

18 Brick Lane, London, E1 6RF, United Kingdom

In the full report: 3 background checks, 1 thing worth a closer look

When ificuk.co.uk first appeared online, and whether it can receive email
What kind of line 020 7247 9670 is
Who else gives the postcode E1 6RF

Other names (1)

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

IFIC Exchange Trading name: A name it trades under now.

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 (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: 07379137 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 16 September 2010 (16 years old)
Registered office: 18 Brick Lane, London, E1 6RF, England
Nature of business: Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Md Monwar Hussain	Director	Jan 1975	9 Feb 2021	1 other company
Md Mehmood Husain	Director	Jan 1959	12 Sep 2024	None
Md Monzorul Haque	Director	Jan 1974	12 Sep 2024	None
Mohammed Ebtadul Islam	Director	Jan 1956	12 Sep 2024	None
Kazi Md Mahboob Kasem	Director	Jun 1975	12 Sep 2024	None
Md Golam Mostofa	Director	Nov 1964	12 Sep 2024	None
Mohammad Mokammel Hoque	Secretary	Not published	1 Jan 2020	–

Other companies run by these 6 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 company: 1
still active: 1

In the full report: all 1 company, named

What each company does, and whether it is still trading
Which of these 6 directors sit on each board, and since when
Any that went into liquidation or administration
All 20 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 December 2025Small company accountsNot audited

Total equity

£420k

−42% from £727k

Cash at bank

£378k

−21% from £477k

Employees (average)

5

Same as 5

Owed within a year

£60.4k

+103% from £29.8k

* Cash at bank usually includes customers’ money.

Assets and liabilities

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

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 07379137. 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

IFIC Money Transfer (UK)’s history from the FCA register and Companies House, newest first.

Key events (5) All events (42)

2018

6 June 2018

Became an authorised payment institution

FCA register

2016

6 April 2016

Ific Bank PLC took control (75–100% of shares)

Companies House

2014

7 November 2014

Regulated by the FCA from this date
Supervised by HMRC under the money laundering rules from this date

FCA register

2010

16 September 2010

Incorporated at Companies House

Companies House

In the full report: all 42 events

All 42 events in its history (5 shown here)
Every director appointment and resignation: 36

Firms connected to IFIC Money Transfer (UK)

Other FCA-listed firms that share a director, phone number or address with IFIC Money Transfer (UK). A link shows who the firm is tied to, not whether either can be trusted.

connected firm: 1
no longer authorised: 1
share its postcode: 1

In the full report: the connected firm, named

How it is linked: the same postcode (1)
Who links it to this firm: the named directors, with dates

Firms like IFIC Money Transfer (UK)

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

In London

StoneX Financial LtdLondonAuthorised Real Transfer LimitedLondonAuthorised Onafriq UK LimitedLondonAuthorised Daytona Capital Management LimitedLondonAuthorised Sable International FX LimitedLondonAuthorised Trolley 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 IFIC Money Transfer (UK)

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
3 background checks on its contact details, 1 flagged
7 years of accounts, charted
All 42 events in its history
1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is IFIC Money Transfer (UK) Limited FCA authorised?

Yes, IFIC Money Transfer (UK) Limited (FRN 653278) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since June 2018 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.

What is IFIC Money Transfer (UK)’s phone number and website?

The FCA register lists the phone number 020 7247 9670 and the website ificuk.co.uk for IFIC Money Transfer (UK). If you were given different contact details, use these to check with the firm before going any further.

Is IFIC Money Transfer (UK) a scam or clone?

IFIC Money Transfer (UK) 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 IFIC Money Transfer (UK)?

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 IFIC Money Transfer (UK) to the Financial Ombudsman Service, free of charge.

Who owns IFIC Money Transfer (UK)?

IFIC Money Transfer (UK) is owned by Ific Bank PLC, which holds 75–100% of shares, since 6 April 2016.

Who runs IFIC Money Transfer (UK)?

Companies House lists 6 directors of IFIC Money Transfer (UK): Md Monwar Hussain, Md Mehmood Husain, Md Monzorul Haque, Mohammed Ebtadul Islam, Kazi Md Mahboob Kasem and Md Golam Mostofa.

How long has IFIC Money Transfer (UK) been in business?

The company was formed on 16 September 2010, and has held its current FCA authorisation since June 2018.

What do IFIC Money Transfer (UK)’s latest accounts show?

Its latest accounts, to 31 December 2025, show total equity of £420k (−42% from £727k) and cash at bank of £378k (−21% from £477k).

Does IFIC Money Transfer (UK) use any other names?

It trades as IFIC Exchange.