IFS Currency Limited
Reference number: 647803
Instant download
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.
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Phone number
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Address
First Floor, Unit 4 Stanton Gate, 49 Mawney Road, Romford, RM7 7HL, United Kingdom
In the full report: 3 background checks
- When ifscurrency.com first appeared online, and whether it can receive email
- What kind of line 07725 825836 is
- Who else gives the postcode RM7 7HL
Other names (1)
If you were contacted under any of these names, it is this firm.
- Kiyan Exchange Trading name: A name it trades under now.
FCA permissions and consumer protection
- Handle payments & transfers Funds safeguardedYour 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, freeYou 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.
Limits on what they may do
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Undertaking to cease payment services
With immediate effect, IFS Currency Limited undertakes to: a) Refrain from providing payment services, as defined in regulation 2 and Schedule 1 of the Payment Services Regulations 2017 (the PSRs); b) Refrain from onboarding or registering any new payment service users from the date of this undertaking; c) Where applicable, contact any payment service users in scope of paragraph (a) above and inform them that: (i) the Firm has ceased providing payment services; (ii) unless instructed otherwise by the relevant payment service user, any payments made by the Firm will be returned to the same payment account from which the funds were originally transferred to the Firm (or by a third party on the payment service user’s behalf); and (iii) payment service users should contact the Firm if they have any queries; d) Place a statement in a prominent location on its website within 48 hours of signing this undertaking, informing customers that the Firm has ceased providing payment services and that customers should contact the Firm if they have any queries.
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
- 09132196 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 15 July 2014 (12 years old)
- Registered office
- IFS CURRENCY LIMITED, First Floor Unit 4 Stanton Gate 49 Mawney Road, Romford, RM7 7HL
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Md Iftekhar Uddin Khan | Director | Jan 1962 | 15 Jul 2014 | 1 other company |
| Salaqur Rahman | Director | Nov 1971 | 15 Jul 2014 | 4 other companies |
| Salaqur Rahman | Secretary | Not published | 20 Feb 2015 | – |
Other companies run by these 2 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 companies
- 5
- closed down
- 2
- still active
- 3
In the full report: all 5 companies, named
- What each company does, and whether it is still trading
- Which of these 2 directors sit on each board, and since when
- Any that went into liquidation or administration
- All 5 people who have ever been directors, with their dates
Filed accounts and finances
Net assets
£31.4k
+36% from £23.0k
Cash at bank
£28.6k
No earlier figure to compare
Employees (average)
2
Same as 2
Owed within a year
£2,143
+25% from £1,720
* 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 09132196. 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
IFS Currency’s history from the FCA register and Companies House, newest first.
2026
7 April 2026
- FCA imposed a requirement (Undertaking to cease payment services)
FCA register
2018
1 May 2018
- Became an authorised payment institution
FCA register
2016
12 July 2016
- Salaqur Rahman became the majority owner (50–75% of shares)
Companies House
2015
16 February 2015
- Supervised by HMRC under the money laundering rules from this date
FCA register
2014
26 September 2014
- Regulated by the FCA from this date
FCA register
15 July 2014
- Incorporated at Companies House
Companies House
In the full report: all 15 events
- All 15 events in its history (6 shown here)
- Every director appointment and resignation: 8
Firms connected to IFS Currency
Other FCA-listed firms that share a director, phone number or address with IFS Currency. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 2
- share its postcode
- 2
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
Firms like IFS Currency
Other firms of the same type (payment or money transfer firm), nearest first.
In Romford
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 IFS Currency
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 5 other companies its directors have run, named
- 3 background checks on its contact details
- 7 years of accounts, charted
- All 15 events in its history
- 2 connected firms, named, and who links them
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Frequently asked questions about this firm
Is IFS Currency Limited FCA authorised?
What is IFS Currency’s phone number and website?
Is IFS Currency a scam or clone?
Is my money safe with IFS Currency?
Who owns IFS Currency?
Who runs IFS Currency?
How long has IFS Currency been in business?
What do IFS Currency’s latest accounts show?
Does IFS Currency use any other names?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- How safeguarding works fca.org.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk