Lightway Finance Limited

Reference number: 574679

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

This company holds another FCA record

A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.

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, 1 thing worth a closer look

  • When lightwayfinance.com first appeared online, and whether it can receive email
  • What kind of line 01442 219374 is
  • Who else gives the postcode E1 8FA
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Other names (1)

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

  • Sterling Currency Exchange Limited Former name

FCA permissions and consumer protection

  • Handle payments & transfers Funds safeguarded
    Your 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, 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
05621986
Company status
Active
Company type
Private limited company
Incorporated
14 November 2005 (20 years old)
Registered office
Aldgate Tower, 2 Leman Street, London, E1 8FA, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)
  • Travel agency activities (SIC 79110)

Directors and company secretaries

Name Role Born Appointed Other companies
Olufemi Agbesanwa Director Sep 1970 20 Oct 2021 5 other companies
Oluwabunmi Ayodele Odusanya Director Nov 1989 11 Oct 2022 3 other companies
Oluwabunmi Ayodele Odusanya Secretary Not published 23 Feb 2024 –

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
8
closed down
4
still active
4

In the full report: all 8 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 4 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 November 2024Abridged accountsNot audited

Net assets

£16.5k

−78% from £76.8k

Cash at bank

£390k

+427% from £74.0k

Employees (average)

2

Same as 2

Owed within a year

£416k

Up £414k from £1,819

* Cash at bank usually includes customers’ money.

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2019 to 2024
  • 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 05621986. 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

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

Key events (9) All events (18)

2024

29 April 2024

  • Changed its registered name from "Sterling Currency Exchange Limited"

FCA register

2021

13 December 2021

  • Olufemi Agbesanwa took control (75–100% of shares)
  • Shamshad Ahmed Ali stopped being the majority owner

Companies House

2018

5 June 2018

  • Became an authorised payment institution

FCA register

2016

1 September 2016

  • Shamshad Ahmed Ali became the majority owner (50–75% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2012

8 August 2012

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

FCA register

2005

14 November 2005

  • Incorporated at Companies House

Companies House

In the full report: all 18 events

  • All 18 events in its history (9 shown here)
  • Every director appointment and resignation: 8
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Firms like Lightway Finance

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

In London

StoneX Financial LtdLondonAuthorisedReal Transfer LimitedLondonAuthorisedOnafriq UK LimitedLondonAuthorisedDaytona Capital Management LimitedLondonAuthorisedSable International FX LimitedLondonAuthorisedTrolley 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 Lightway Finance

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

  • 8 other companies its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • 5 years of accounts, charted
  • All 18 events in its history

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Frequently asked questions about this firm

Is Lightway Finance Limited FCA authorised?
Yes, Lightway Finance Limited (FRN 574679) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since June 2018 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is Lightway Finance’s phone number and website?
The FCA register lists the phone number 01442 219374 and the website lightwayfinance.com for Lightway Finance. If you were given different contact details, use these to check with the firm before going any further.
Is Lightway Finance a scam or clone?
Lightway Finance 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 Lightway Finance?
It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about Lightway Finance to the Financial Ombudsman Service, free of charge.
Who owns Lightway Finance?
Companies House lists one person with significant control of Lightway Finance: Mr Olufemi Agbesanwa (75–100% of shares). Before that, it was controlled by Mr Shamshad Ahmed Ali.
Who runs Lightway Finance?
Companies House lists 2 directors of Lightway Finance: Olufemi Agbesanwa and Oluwabunmi Ayodele Odusanya.
How long has Lightway Finance been in business?
The company was formed on 14 November 2005, and has held its current FCA authorisation since June 2018.
What do Lightway Finance’s latest accounts show?
Its latest accounts, to 30 November 2024, show net assets of £16.5k (−78% from £76.8k) and cash at bank of £390k (+427% from £74.0k).
Does Lightway Finance use any other names?
It has previously used the name Sterling Currency Exchange Limited.

Sources and links

The full report on Lightway Finance Limited

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