No longer authorised
This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 30 July 2026.
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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Last known phone number
020 3916 5583
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Last known address
86-90 Paul Street, London, EC2A 4NE, United Kingdom
In the full report: 2 background checks, 1 thing worth a closer look
- What kind of line 020 3916 5583 is, and the other firm that gives it
- Whether EC2A 4NE is a shared office: 82 other firms give it
Other names (1)
If you were contacted under any of these names, it is this firm.
- Monarch Sterling Financial Services Trading name: A name it trades under now.
Past FCA permissions and consumer protection
- The record is closedCover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.
FCA disciplinary action
FCA action
- action
- 1
- most recent
- July 2026
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Permission varied or cancelled on 30 July 2026
Name: Monarch Sterling Limited Reference Number: 977329 Type of action: Cancellation “The Authority has cancelled the permission and withdrawn the authorisation of Monarch Sterling Limited (“the Firm”) of 86-90 Paul Street, London, EC2A 4NE. The reason for this action is that the Firm is failing to satisfy the Suitability Threshold Condition. The Authority’s action took effect on 30 July 2026 and a copy of the Final Notice which sets out the reason for the action, is displayed on the Authority’s website and can be accessed using the following link: https://www.fca.org.uk/publication/final-notices/monarch-sterling-limited-2026.pdf As a consequence of this action the Firm is no longer an authorised firm for the purposes of the Financial Services and Markets Act 2000 (“the Act”), and it may not carry on regulated activities which fall within the scope of the Act. ”
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
- Confirmation statement is overdue at Companies House.
- Company number
- 11030037 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 25 October 2017 (9 years old)
- Registered office
- 86-90 Paul Street, London, EC2A 4NE, England
- Nature of business
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- Financial management (SIC 70221)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Oluwaseun Olumayowa Balogun | Director | Jan 1985 | 25 Oct 2017 | 3 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
- 3
- closed down
- 3
In the full report: all 3 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
Filed accounts and finances
Net assets
£11.3k
−4.2% from £11.8k
Employees (average)
0
−100% from 1
Owed within a year
£5,290
+248% from £1,518
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 11030037. 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
Monarch Sterling’s history from the FCA register and Companies House, newest first.
2026
30 July 2026
- FCA action: Permission varied or cancelled
- No longer regulated by the FCA
- Its FCA authorisation was revoked
FCA register
2022
1 August 2022
- Regulated by the FCA from this date
- Began trading as "Monarch Sterling Financial Services"
FCA register
2017
25 October 2017
- Incorporated at Companies House
- Oluwaseun Olumayowa Balogun gained significant control
- Oluwaseun Olumayowa Balogun appointed as a director
Companies House
Director appointments and resignations, and trading names, appear under All events.
Firms connected to Monarch Sterling
Other FCA-listed firms that share a director, phone number or address with Monarch Sterling. A link shows who the firm is tied to, not whether either can be trusted.
- connected firm
- 1
- share its phone number
- 1
- share its postcode
- 1
In the full report: the connected firm, named
- How it is linked: the same phone number (1), the same postcode (1)
- Who links it to this firm: the named directors, with dates
Firms like Monarch Sterling
Other firms of the same type (financial adviser), 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 Monarch Sterling
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 3 other companies its directors have run, named
- 2 background checks on its contact details, 1 flagged
- 7 years of accounts, charted
- All 8 events in its history
- 1 connected firm, named, and who links them
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Frequently asked questions about this firm
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Who runs Monarch Sterling?
How long has Monarch Sterling been in business?
What do Monarch Sterling’s latest accounts show?
Has the FCA taken action against Monarch Sterling?
Does Monarch Sterling use any other names?
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