Magnum Storage (NE) LTD

Reference number: 914434

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On the register, but not FCA authorised

This firm is registered with the FCA for anti-money-laundering checks only, which is why it appears on the register. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.

What does this mean?
  • Some businesses are required by law to have an anti-money-laundering supervisor. For this kind of business that supervisor is the FCA, and the registration is the only reason the firm appears on the FCA register.
  • What the FCA checks is narrow: that the firm identifies its customers, keeps records, and reports suspicious activity. It is the anti-crime paperwork behind a bank asking you for ID.
  • It does not check anything about you as a customer. Not whether the firm treats you fairly, not whether it is financially sound, not whether what it sells is any good. The FCA describes firms registered this way as “not authorised or subject to wider FCA regulation”.
  • So if the firm fails or treats you badly, there is no FSCS compensation, and the Financial Ombudsman Service usually cannot look at a complaint about unregulated business.

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

  • Phone number

    01642 433626

  • Address

    Haverton Hill Road, Stockton on Tees, TS23 1PY, United Kingdom

In the full report: 2 background checks

  • What kind of line 01642 433626 is
  • Who else gives the postcode TS23 1PY
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Other names (1)

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

  • Magnum Vaults Trading name

Past FCA permissions and consumer protection

  • Money-laundering registration only
    This firm is registered for anti-money-laundering supervision only. It is not FCA-authorised. Money you hand over is not protected by the FSCS, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.

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 name
MAGNUM STORAGE (NE) LIMITED
Company number
07344512
Company status
Active
Company type
Private limited company
Incorporated
12 August 2010 (16 years old)
Registered office
The Cube, Haverton Hill Road, Billingham, TS23 1QG, England
Nature of business
  • Operation of warehousing and storage facilities for land transport activities (SIC 52103)

Directors and company secretaries

Name Role Born Appointed Other companies
Zubeir Hassan Younis Director Sep 1985 7 Oct 2020 18 other companies

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 companies
18
closed down
3
still active
15

In the full report: all 18 companies, 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 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Small company accountsAudited

Profit before tax

−£88.0k

Down £95.5k from £7,566

Net assets

£367k

−15% from £429k

Cash at bank

£165k

+56% from £106k

Employees (average)

4

−33% from 6

Profit before tax

In the full report: all 7 years of accounts

  • Every year from 2019 to 2025
  • Both charts, 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 07344512. 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

Magnum Storage (NE)’s history from the FCA register and Companies House, newest first.

Key events (5) All events (11)

2020

1 July 2020

  • Magnum Holdings UK Limited took control (75–100% of shares)
  • Tariq Bilal Younis gave up control

Companies House

2019

14 October 2019

  • Registered with the FCA

FCA register

2016

6 April 2016

  • Tariq Bilal Younis took control (75–100% of shares)

Companies House

2010

12 August 2010

  • 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: 5
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Get the full report on Magnum Storage (NE)

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

  • 18 other companies its directors have run, named
  • 2 background checks on its contact details
  • 7 years of accounts, charted
  • All 11 events in its history

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Frequently asked questions about this firm

Is Magnum Storage (NE) LTD FCA authorised?
Magnum Storage (NE) LTD (FRN 914434) is registered with the FCA under the Money Laundering Regulations only. That is anti-money-laundering supervision, not FCA authorisation, and the FCA does not supervise the firm's conduct.
What is Magnum Storage (NE)’s phone number?
The FCA register lists the phone number 01642 433626 for Magnum Storage (NE). If you were given different contact details, use these to check with the firm before going any further.
Is Magnum Storage (NE) a scam or clone?
Magnum Storage (NE) is genuinely on the FCA's money-laundering register, so it is not an outright fake, but registration is not authorisation, and scammers impersonate registered firms too. Verify contact details against the register before sending money.
Is my money safe with Magnum Storage (NE)?
Money you hand to Magnum Storage (NE) is not protected by the FSCS. Money-laundering registration carries no compensation scheme, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.
Who owns Magnum Storage (NE)?
Magnum Storage (NE) is owned by Magnum Holdings UK Limited, which holds 75–100% of shares, since 1 July 2020. Before that, it was controlled by Mr Tariq Bilal Younis.
Who runs Magnum Storage (NE)?
Companies House lists one director of Magnum Storage (NE): Zubeir Hassan Younis.
How long has Magnum Storage (NE) been in business?
The company was formed on 12 August 2010.
What do Magnum Storage (NE)’s latest accounts show?
Its latest accounts, to 31 March 2025, show profit before tax of −£88.0k (down £95.5k from £7,566) and net assets of £367k (−15% from £429k).
Does Magnum Storage (NE) use any other names?
It trades as Magnum Vaults.

Sources and links

The full report on Magnum Storage (NE) LTD

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