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.
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.
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No website on the FCA register
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Phone number
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Address
10 Ballards Lane, London, London, N3 2BG, United Kingdom
In the full report: 2 background checks
- What kind of line 07714 286347 is
- Who else gives the postcode N3 2BG
Other names (2)
If you were contacted under any of these names, it is this firm.
- Millat Exchange Trading name: A name it trades under now.
- Moneyland Limited Former name: A name it was registered under before.
FCA permissions and consumer protection
- Handle payments & transfers No FSCS coverSafeguarding 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, freeYou 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.
Limits on what they may do
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Voluntary Undertaking
Restrictions on Payments Activity With immediate effect, Millat Services Limited (the Firm) undertakes to: a) pay all liabilities owed to relevant payment services users (PSUs) as soon as practicable; b) provide the Financial Conduct Authority (FCA) with a statement to evidence the payments made under paragraph (a) above to the relevant PSUs from the date of this undertaking; c) contact PSUs in scope of paragraph (a) above and inform them that: The Firm has ceased providing payment services; (unless instructed otherwise by the relevant PSU), payment by the Firm under paragraph (a) above will be made to the same payment account the PSU (or a third party on the PSU’s behalf) used to transfer funds to the Firm; and they should contact the Firm if they have any queries; d) refrain from providing payment services as defined in Schedule 1 to the Payment Services Regulations 2017 (PSRs)1; e) Refrain from on-boarding or registering any new payment service users from the date of this undertaking; f) place a statement in a prominent place on its website within 48 hours of signing this undertaking, informing customers that the Firm has ceased providing payment services, and that customers should contact the Firm if they have any queries.
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
- 07819662 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 21 October 2011 (15 years old)
- Registered office
- 10 Ballards Lane, London, N3 2BG, England
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Ajmal Sultan | Director | Feb 1990 | 1 Oct 2024 | None |
In the full report: every company its directors have run
- Confirmation that its director runs no other company
- Both people who have been directors, with their dates
Filed accounts and finances
Net assets
£11.4k
Up £19.6k from −£8,196
Employees (average)
3
+50% from 2
Owed within a year
£10.9k
+29% from £8,452
Assets and liabilities
In the full report: all 7 years of accounts
- Every year from 2019 to 2025
- The chart, over every year
- Every filed figure, year by year
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 07819662. 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
Millat Services’s history from the FCA register and Companies House, newest first.
2026
11 August 2026
- FCA imposed a requirement (Voluntary Undertaking)
FCA register
2024
11 October 2024
- Changed its registered name from "Moneyland Limited"
FCA register
1 October 2024
- Ajmal Sultan took control (75–100% of shares)
Companies House
30 September 2024
- Board replaced: its only director left and a new director took over
- Kadija Jama Ahmed stopped being the majority owner
Companies House
2018
22 March 2018
- Registered as a small payment institution
FCA register
2016
1 October 2016
- Kadija Jama Ahmed became the majority owner (50–75% of shares)
Companies House
22 March 2016
- Regulated by the FCA from this date
FCA register
2011
15 December 2011
- Supervised by HMRC under the money laundering rules from this date
FCA register
21 October 2011
- Incorporated at Companies House
Companies House
In the full report: all 14 events
- All 14 events in its history (10 shown here)
- Every director appointment and resignation: 3
Firms like Millat Services
Other firms of the same type (payment or money transfer firm), nearest first.
In London
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 Millat Services
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
- 2 background checks on its contact details
- 7 years of accounts, charted
- All 14 events in its history
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Frequently asked questions about this firm
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Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- How safeguarding works fca.org.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk