Maji Financial Wellbeing Ltd

Reference number: 1056026

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Introducer appointed representative

This firm can only introduce you to its principal, and cannot give financial advice, recommend products, or arrange deals alone.

Responsible principal firm

Cyclescheme Limited Reference number: 742049 Authorised View firm →
What does this mean?
  • An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own.
  • Maji Financial Wellbeing Ltd (FRN 1056026) introduces customers to Cyclescheme Limited (FRN 742049). Any regulated advice or arranging is done by the principal, not Maji Financial Wellbeing.
  • Example: if Maji Financial Wellbeing refers you to a financial adviser, the advice should come from the principal firm, not from Maji Financial Wellbeing itself.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

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

  • When maji.io first appeared online, and whether it can receive email
  • What kind of line 07415 069577 is
  • Who else gives the postcode BR3 3AY
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Other names (1)

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

  • Maji Trading name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Cyclescheme Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

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
11937232
Company status
Active
Company type
Private limited company
Incorporated
10 April 2019 (7 years old)
Registered office
37 Oakfield Gardens, Beckenham, BR3 3AY, England
Nature of business
  • Other information technology service activities (SIC 62090)

Directors and company secretaries

Name Role Born Appointed Other companies
Sahil Sethi Director Dec 1983 10 Apr 2019 3 other companies
Megan Worthing-Davies Director Oct 1979 10 Apr 2019 None
Dan Itzhak Schonfeld Director Jun 1972 27 Dec 2023 2 other companies

Other companies run by these 3 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
5
closed down
1
still active
4

In the full report: all 5 companies, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • Any that went into liquidation or administration
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Filed accounts and finances

Year to 30 April 2024Small company accountsNot audited

Net assets

£196k

−7% from £211k

Cash at bank

£250k

+8.7% from £230k

Employees (average)

5

+25% from 4

Owed within a year

£40.4k

+21% from £33.3k

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2020 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 11937232. 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

Maji Financial Wellbeing’s history from the FCA register and Companies House, newest first.

Key events (5) All events (10)

2026

2 June 2026

  • Became an introducer appointed representative

FCA register

2024

2 May 2024

  • Megan Worthing-Davies stopped being a part-owner

Companies House

2019

10 April 2019

  • Incorporated at Companies House
  • Megan Worthing-Davies became a part-owner (25–50% of shares)
  • Sahil Sethi became a part-owner (25–50% of shares)

Companies House

In the full report: all 10 events

  • All 10 events in its history (5 shown here)
  • Every director appointment and resignation: 3
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Firms like Maji Financial Wellbeing

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

In Beckenham

Elevate Financial Solutions LtdBeckenhamAppointed representativeEstuary Underwriting LimitedBeckenhamAppointed representativeKRH London Markets LtdBeckenhamAppointed representativeMillstream Financial Services LtdBeckenhamAppointed representativeVFM Procurement LimitedBeckenhamAppointed representativeWheathill and Auckland LimitedBeckenhamAppointed representative

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 Maji Financial Wellbeing

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

  • 5 other companies its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 10 events in its history

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Frequently asked questions about this firm

Is Maji Financial Wellbeing Ltd FCA authorised?
Maji Financial Wellbeing Ltd (FRN 1056026) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does introducer appointed representative mean for Maji Financial Wellbeing?
An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own. Maji Financial Wellbeing Ltd (FRN 1056026) introduces customers to Cyclescheme Limited (FRN 742049). Any regulated advice or arranging is done by the principal, not Maji Financial Wellbeing. Example: if Maji Financial Wellbeing refers you to a financial adviser, the advice should come from the principal firm, not from Maji Financial Wellbeing itself. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
What is Maji Financial Wellbeing’s phone number and website?
The FCA register lists the phone number 07415 069577 and the website maji.io for Maji Financial Wellbeing. If you were given different contact details, use these to check with the firm before going any further.
Is Maji Financial Wellbeing a scam or clone?
Maji Financial Wellbeing 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 Maji Financial Wellbeing?
Protection works through Cyclescheme Limited, the principal firm responsible for Maji Financial Wellbeing's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Maji Financial Wellbeing?
Companies House lists one person with significant control of Maji Financial Wellbeing: Mr Sahil Sethi (25–50% of shares). Before that, it was controlled by Ms Megan Worthing-Davies.
Who runs Maji Financial Wellbeing?
Companies House lists 3 directors of Maji Financial Wellbeing: Sahil Sethi, Megan Worthing-Davies and Dan Itzhak Schonfeld.
How long has Maji Financial Wellbeing been in business?
The company was formed on 10 April 2019.
What do Maji Financial Wellbeing’s latest accounts show?
Its latest accounts, to 30 April 2024, show net assets of £196k (−7% from £211k) and cash at bank of £250k (+8.7% from £230k).
Does Maji Financial Wellbeing use any other names?
It trades as Maji.

Sources and links

The full report on Maji Financial Wellbeing Ltd

£19.99 · Instant PDF download

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