Konnekt Business Services Ltd

Reference number: 673730

Instant download

Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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 kmoney.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 8090 2020 is
  • Who else gives the postcode IG11 8EU
Instant PDF download
Other names (2)

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

  • 'K' Money Trading name
  • bugamoney Former trading name

FCA permissions and consumer protection

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.
  • 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
09401525
Company status
Active
Company type
Private limited company
Incorporated
22 January 2015 (11 years old)
Registered office
2-4 East Street, Barking, Barking, Essex, IG11 8EU, England
Nature of business
  • Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Kayode Toheeb Quadri Director Jun 1974 22 Jan 2015 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 2 people who have ever been directors, with their dates
Instant PDF download

Filed accounts and finances

Year to 31 January 2025Micro-entity accountsNot audited

Net assets

£7,900

−88% from £66.2k

Employees (average)

2

Same as 2

Owed within a year

£8,600

−40% from £14.4k

Assets and liabilities

In the full report: all 6 years of accounts

  • Every year from 2020 to 2025
  • The chart, over every year
  • Every filed figure, year by year
Instant PDF download
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 09401525. 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

Konnekt Business Services’s history from the FCA register and Companies House, newest first.

Key events (5) All events (11)

2018

10 December 2018

  • Registered as a small payment institution

FCA register

2017

1 January 2017

  • Kayode Toheeb Quadri became a part-owner (25–50% of shares)

Companies House

2015

7 December 2015

  • Regulated by the FCA from this date

FCA register

27 November 2015

  • Supervised by HMRC under the money laundering rules from this date

FCA register

22 January 2015

  • Incorporated at Companies House

Companies House

In the full report: all 11 events

  • All 11 events in its history (5 shown here)
  • Every director appointment and resignation: 3
Instant PDF download

Firms connected to Konnekt Business Services

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

connected firm
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
Instant PDF download

Firms like Konnekt Business Services

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

In Barking

Global- Investment Ukay LimitedBarkingRegisteredHuveane Capital LtdBarkingRegistered

In the Ilford (IG) postcode area

Remitrise LtdLondonRegisteredRoze Int (Pvt) LtdLondonAuthorisedSuper Transfer UK LtdRegisteredPeniel Services LimitedWoodfordRegistered

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 Konnekt Business Services

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
  • 6 years of accounts, charted
  • All 11 events in its history
  • 1 connected firm, named, and who links them

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Konnekt Business Services Ltd FCA authorised?
Yes, Konnekt Business Services Ltd (FRN 673730) is registered with the FCA and permitted to provide its regulated services.
What is Konnekt Business Services’ phone number and website?
The FCA register lists the phone number 020 8090 2020 and the website kmoney.co.uk for Konnekt Business Services. If you were given different contact details, use these to check with the firm before going any further.
Is Konnekt Business Services a scam or clone?
Konnekt Business Services 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 Konnekt Business Services?
Protection depends on which product you hold and how Konnekt Business Services handles your money, so check the specific product before you commit. You can also refer complaints about Konnekt Business Services to the Financial Ombudsman Service, free of charge.
Who owns Konnekt Business Services?
Companies House lists one person with significant control of Konnekt Business Services: Mr Kayode Toheeb Quadri (25–50% of shares).
Who runs Konnekt Business Services?
Companies House lists one director of Konnekt Business Services: Kayode Toheeb Quadri.
How long has Konnekt Business Services been in business?
The company was formed on 22 January 2015, and has held its current FCA authorisation since December 2018.
What do Konnekt Business Services’ latest accounts show?
Its latest accounts, to 31 January 2025, show net assets of £7,900 (−88% from £66.2k).
Does Konnekt Business Services use any other names?
It trades as 'K' Money. It has previously used the name bugamoney.

Sources and links

The full report on Konnekt Business Services Ltd

£19.99 · Instant PDF download

Loading secure checkout…