Karn Limited

Reference number: 512150

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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 2 December 2016.

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

    0141 337 3443

  • Last known address

    152 Dumbarton Road, Partick, Glasgow, Lanarkshire, G11 6XE, United Kingdom

In the full report: 2 background checks

  • What kind of line 0141 337 3443 is
  • Who else gives the postcode G11 6XE
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Other names (2)

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

  • Friendly Stores Trading name: A name it trades under now.
  • Pentap Scotland Limited Former name: A name it was registered under before.

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.

Concerns on the company record

  • Companies House records this company as dissolved.
Company status
Dissolved
Company type
Private limited company
Incorporated
1 March 2016 (10 years old)
Registered office
54 Cowgate, Glasgow, East Dunbartonshire, G66 1HN, Scotland
Nature of business
  • Retail sale of beverages in specialised stores (SIC 47250)

Directors and company secretaries

Name Role Born Appointed Other companies
Mangal Singh Singh Kooner Director Sep 1947 25 Aug 2017 1 other company

Other companies run by its director

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
closed down
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • All 4 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2017

Net assets

−£6,769

No earlier figure to compare

Owed within a year

£21.6k

No earlier figure to compare

Net assets are negative: on its last balance sheet the company owed £6,769 more than it owned.

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.

Accounts filed at Companies House for company SC528243. 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

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

2019

5 November 2019

  • Company dissolved

Companies House

2017

8 March 2017

  • Changed its registered name from "Pentap Scotland Limited"

FCA register

2016

2 December 2016

  • No longer regulated by the FCA
  • No longer supervised by HMRC
  • Status on the FCA register became "Cancelled - Small PI"

FCA register

6 April 2016

  • Jaskooner Singh took control (75–100% of shares)

Companies House

1 March 2016

  • Incorporated at Companies House

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2009

24 November 2009

  • Regulated by the Financial Services Authority from this date
  • Supervised by HMRC under the money laundering rules from this date

FCA register

In the full report: all 18 events

  • All 18 events in its history (10 shown here)
  • Every director appointment and resignation: 6
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Firms like Karn

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

In Glasgow

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 Karn

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
  • All 18 events in its history

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Frequently asked questions about this firm

Is Karn Limited FCA authorised?
No. Karn Limited (FRN 512150) is still listed on the FCA register, but the record is closed: no longer authorised.
Is Karn a scam or clone?
Karn 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 Karn?
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 Karn has no cover, because it is no longer permitted to carry it out.
Who owns Karn?
Companies House lists one person with significant control of Karn: Mr Jaskooner Singh (75–100% of shares).
Who runs Karn?
Companies House lists one director of Karn: Mangal Singh Singh Kooner.
How long has Karn been in business?
The company was formed on 1 March 2016. Companies House now lists it as dissolved.
What do Karn’s latest accounts show?
Its latest accounts, to 31 March 2017, show net assets of −£6,769 (no earlier figure to compare).
Does Karn use any other names?
It trades as Friendly Stores. It has previously used the name Pentap Scotland Limited.

Sources and links

The full report on Karn Limited

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