IFIC Money Transfer (UK) Ltd

Reference number: 538535

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No longer authorised

This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 31 March 2015.

This FCA record is no longer authorised, but the company is still on the register with full FCA authorisation under FRN 653278 →.

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.

  • No website on the FCA register

  • Last known phone number

    020 7060 9142

  • Last known address

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

In the full report: 2 background checks

  • What kind of line 020 7060 9142 is
  • Who else gives the postcode E1 6RF
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Other names (1)

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

  • IFIC Exchange Trading name

Past FCA permissions and consumer protection

  • The record is closed
    Cover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.

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 name
IFIC MONEY TRANSFER (UK) LIMITED
Company number
07379137
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
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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

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
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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 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 (6) All events (44)

2016

6 April 2016

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

Companies House

2015

31 March 2015

  • Status on the FCA register became "Cancelled - Small PI"

FCA register

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2011

13 June 2011

  • Regulated by the Financial Services Authority 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 44 events

  • All 44 events in its history (6 shown here)
  • Every director appointment and resignation: 36
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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
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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
  • 2 background checks on its contact details
  • 7 years of accounts, charted
  • All 44 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) Ltd FCA authorised?
No. IFIC Money Transfer (UK) Ltd (FRN 538535) is still listed on the FCA register, but the record is closed: no longer authorised.
Is IFIC Money Transfer (UK) a scam or clone?
IFIC Money Transfer (UK) is not currently authorised by the FCA. Be cautious and verify any firm on the FCA register before dealing with it.
Is my money safe with IFIC Money Transfer (UK)?
Money you handed over while it was authorised generally keeps its protection: FSCS covers firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading. New business with IFIC Money Transfer (UK) has no cover, because it is no longer permitted to carry it out.
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.
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.

Sources and links

The full report on IFIC Money Transfer (UK) Ltd

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