Inicio AI Ltd

Reference number: 1012328

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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

  • When m.inicio.ai first appeared online, and whether it can receive email
  • What kind of line 07525 179831 is
  • Who else gives the postcode CV3 4FJ
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Other names (2)

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

  • Budgie Trading name
  • MyBudgie Trading name

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 (2 permissions)
  • Credit Broking
  • Providing Credit References

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
12549674
Company status
Active
Company type
Private limited company
Incorporated
7 April 2020 (6 years old)
Registered office
Number Three Siskin Drive, Middlemarch Business Park, Coventry, CV3 4FJ, England
Nature of business
  • Other information technology service activities (SIC 62090)

Directors and company secretaries

Name Role Born Appointed Other companies
Rachel Curtis Director Jan 1974 14 Sep 2021 None
James Mcglynn Director Nov 1961 30 Nov 2022 1 other company
Derek George Usher Director Dec 1965 20 Jul 2023 39 other companies
Paul Joseph Birks Director Mar 1971 18 Jan 2024 4 other companies

Other companies run by these 4 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
44
closed down
22
are FCA-registered
3

In the full report: all 44 companies, named

  • What each company does, and whether it is still trading
  • Which of these 4 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 3 on the FCA register
  • All 5 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Abridged accountsNot audited

Net assets

£4.11m

+148% from £1.65m

Cash at bank

£2.29m

No earlier figure to compare

Employees (average)

16

+129% from 7

Owed within a year

£207k

+85% from £112k

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2022 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 12549674. 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

Inicio AI’s history from the FCA register and Companies House, newest first.

Key events (7) All events (17)

2024

1 August 2024

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

FCA register

2023

6 April 2023

  • Rachel Curtis Bowen no longer holds 25–50% of the votes

Companies House

2022

24 February 2022

  • Andrew Garner stopped being a part-owner

Companies House

2021

14 September 2021

  • Rachel Curtis Bowen gained 25–50% of the votes

Companies House

2020

7 April 2020

  • Incorporated at Companies House
  • Andrew Garner became a part-owner (25–50% of shares)

Companies House

In the full report: all 17 events

  • All 17 events in its history (7 shown here)
  • Every director appointment and resignation: 6
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Firms connected to Inicio AI

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

past links
3

In the full report: all 0 connected firms, named

  • 3 past links through former directors
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Firms like Inicio AI

Other firms of the same type (credit broker), nearest first.

In Coventry

Darren LaxCoventryAuthorisedCoventry School FoundationCoventryAppointed representativeJagjit ShergillCoventryAppointed representativePramod SabharwalCoventryAppointed representativeRonak Osman, Fatima Osman & Abdul OsmanCoventryAppointed representativeSifatulla HabibiCoventryAppointed representative

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 Inicio AI

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

  • 44 other companies its directors have run, named
  • 3 background checks on its contact details
  • 4 years of accounts, charted
  • All 17 events in its history

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Frequently asked questions about this firm

Is Inicio AI Ltd FCA authorised?
Yes, Inicio AI Ltd (FRN 1012328) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since August 2024 and works as a credit broker. The FCA has placed no limits on its permissions.
What is Inicio AI’s phone number and website?
The FCA register lists the phone number 07525 179831 and the website m.inicio.ai for Inicio AI. If you were given different contact details, use these to check with the firm before going any further.
Is Inicio AI a scam or clone?
Inicio AI 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 Inicio AI?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Inicio AI handles your money, so check the specific product before you commit. You can also refer complaints about Inicio AI to the Financial Ombudsman Service, free of charge.
Who owns Inicio AI?
Companies House lists no one with significant control of Inicio AI now. Before that, it was controlled by Miss Rachel Curtis Bowen and Mr Andrew Garner.
Who runs Inicio AI?
Companies House lists 4 directors of Inicio AI: Rachel Curtis, James McGlynn, Derek George Usher and Paul Joseph Birks.
How long has Inicio AI been in business?
The company was formed on 7 April 2020, and has held its current FCA authorisation since August 2024.
What do Inicio AI’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £4.11m (+148% from £1.65m) and cash at bank of £2.29m (no earlier figure to compare).
Does Inicio AI use any other names?
It trades as Budgie and MyBudgie.

Sources and links

The full report on Inicio AI Ltd

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