LCC Trans-Sending Limited

Reference number: 504482

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Authorised, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

No FCA actions
Company: in administration
Accounts are overdue at Companies House
Confirmation statement is overdue at Companies House

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

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
No phone number on the FCA register
Address

C/O Grant Thornton UK LLP, 30 Finsbury Square, London, EC2A 1AG, United Kingdom

In the full report: 1 background check

Who else gives the postcode EC2A 1AG

Other names (9)

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

LCC Trading name: A name it trades under now.
Small World Financial Services Trading name: A name it trades under now.
Small World Money Transfer Trading name: A name it trades under now.
Bayba (UK) Former trading name: A name it used to trade under.
Express Funds Former trading name: A name it used to trade under.
Global Link Former trading name: A name it used to trade under.
Pronto Envios Former trading name: A name it used to trade under.
Universal de Envios Money Transfer Former trading name: A name it used to trade under.
Uno Money Transfer Former trading name: A name it used to trade under.

Past FCA permissions and consumer protection

In an insolvency process
Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.

Show FCA detail (1 permission)

6. Money remittance.

Limits on the record

Voluntary Undertaking

LCC Trans-Sending Limited (the Firm) FRN 504482 The Firm hereby provides the Undertakings set out in paragraphs 1 to 3 as follows: Restriction on payment services 1. Not to on-board any new customers or on-board or register any new agents. 2. Not to accept any new funds from any existing customers for the purposes of providing payment services. Communications 3. By Friday 14 June 2024 at 12 noon, in a form to be agreed in advance with the Authority: a. Publish in a prominent place on its website [Small World money transfer] [and include any other communication channels or contact method, e.g. mobile applications, other digital channels, etc] a notice setting out the terms and effects of paragraphs 1 and 2; b. Provide written notices to agents and branches setting out the terms and effects of paragraphs 1 and 2, and direct agents and branches to place the written notices in a prominent place within all customer-facing business premises within 24 hours of receipt by the business premises; and c. Provide scripts for use by customer support services. Duration The Firm will be bound by this Undertaking until the FCA has notified the Firm that it has been terminated.

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 in administration, but it is still authorised on the FCA register.
Accounts are overdue at Companies House.
Confirmation statement is overdue at Companies House.
This company has insolvency history on record.

Company number: 04363859 (opens Companies House in a new tab)
Company status: Administration
Company type: Private limited company
Incorporated: 30 January 2002 (24 years old)
Registered office: C/O Grant Thornton Uk Advisory & Tax Llp, 11th Floor Landmark St Peters Square, 1 Oxford Street, Manchester, M1 4PB
Nature of business: Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Stanley Wachs	Director	Apr 1974	1 Sep 2019	None
Alistair Richard Gates	Director	Nov 1981	1 Nov 2023	None
Antonio Inesta	Secretary	Not published	1 May 2013	–

In the full report: every company its directors have run

Confirmation that these 2 directors run no other company
All 11 people who have been directors, with their dates

Key dates in its history

LCC Trans-Sending’s history from the FCA register and Companies House, newest first.

Key events (7) All events (41)

2024

14 June 2024

FCA imposed a requirement (Voluntary Undertaking)

FCA register

2018

9 February 2018

Became an authorised payment institution

FCA register

2016

6 April 2016

Small World Financial Services Group Limited took control (75–100% of shares)

Companies House

2013

1 April 2013

Regulated by the FCA from this date

FCA register

2009

14 October 2009

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

FCA register

2002

30 January 2002

Incorporated at Companies House

Companies House

In the full report: all 41 events

All 41 events in its history (7 shown here)
Every director appointment and resignation: 18

Firms connected to LCC Trans-Sending

Other FCA-listed firms that share a director, phone number or address with LCC Trans-Sending. 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

Firms like LCC Trans-Sending

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

In London

StoneX Financial LtdLondonAuthorised Real Transfer LimitedLondonAuthorised Onafriq UK LimitedLondonAuthorised Daytona Capital Management LimitedLondonAuthorised Sable International FX LimitedLondonAuthorised Trolley Payments UK LtdLondonAuthorised

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 LCC Trans-Sending

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

Every company its directors have run, named
1 background check on its contact details
All 41 events in its history
1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is LCC Trans-Sending Limited FCA authorised?

Yes, LCC Trans-Sending Limited (FRN 504482) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm. It has held its current authorisation since February 2018 and works as a payment or money transfer firm. The FCA has placed a limit on what it may do.

Is LCC Trans-Sending a scam or clone?

LCC Trans-Sending 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 LCC Trans-Sending?

LCC Trans-Sending is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.

Who owns LCC Trans-Sending?

LCC Trans-Sending is owned by Small World Financial Services Group Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 6 April 2016.

Who runs LCC Trans-Sending?

Companies House lists 2 directors of LCC Trans-Sending: Stanley Wachs and Alistair Richard Gates.

How long has LCC Trans-Sending been in business?

The company was formed on 30 January 2002. Companies House now lists it as administration.

Does LCC Trans-Sending use any other names?

It trades as LCC, Small World Financial Services and Small World Money Transfer. It has previously used 6 other names, including Bayba (UK), Express Funds and Global Link.

Sources and links

Its entry on the FCA register register.fca.org.uk
Its Companies House record gov.uk
Report a scam to the FCA fca.org.uk