Monavate Onchain Ltd

Reference number: 927401

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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 how cryptoasset firms are registered. 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 compensation to fall back on. The FCA's own position is that crypto is largely unregulated in the UK and that compensation for crypto losses is highly unlikely.

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 baanxuk.com first appeared online, and whether it can receive email
  • What kind of line 07341 159443 is
  • Who else gives the postcode CB22 4QH
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Other names (9)

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

  • Baanx Trading name
  • CL Trading name
  • CL Technology Trading name
  • Crypto Life Trading name
  • Crypto Life Cards Trading name
  • Baanx.com Ltd Former name
  • Currency Life Former trading name
  • Secure Exchange Former trading name
  • W3C Former 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 generally does not cover unregulated cryptoasset activity.

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
11155611
Company status
Active
Company type
Private limited company
Incorporated
17 January 2018 (8 years old)
Registered office
The Officers Mess Business Centre Royston Road, Duxford, Cambridge, CB22 4QH, England
Nature of business
  • Banks (SIC 64191)
  • Activities of financial services holding companies (SIC 64205)
  • Credit granting by non-deposit taking finance houses and other specialist consumer credit grantors (SIC 64921)
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
James Gernetzke Director Jan 1976 1 May 2026 1 other company
Andrew Potenza Director Apr 1986 1 May 2026 1 other company
Michael Daniel Rolph Director Apr 1981 1 May 2026 None

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 company
1
still active
1
run together
1

In the full report: all 1 company, 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
  • The 1 company these 3 directors run together
  • All 8 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 December 2025Micro-entity accountsNot audited

Net assets

£34.1k

−19% from £42.1k

Employees (average)

0

Same as 0

Owed within a year

£0

Same as £0

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2020 to 2025
  • 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 11155611. 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

Monavate Onchain’s history from the FCA register and Companies House, newest first.

Key events (16) All events (36)

2026

19 August 2026

  • Changed its registered name from "Baanx.com Ltd"

FCA register

30 April 2026

  • Baanx US Corp stopped being a part-owner
  • Exodus Movement, Inc. took control (75–100% of shares)
  • Monavate Holdings Limited stopped being a part-owner
  • W3c Corp stopped being a part-owner

Companies House

2025

24 November 2025

  • Board replaced: both directors left and 2 new directors took over

Companies House

16 November 2025

  • Baanx Group Ltd gave up control
  • Baanx US Corp became a part-owner (25–50% of shares)
  • Monavate Holdings Limited became a part-owner (25–50% of shares)
  • W3c Corp became a part-owner (25–50% of shares)

Companies House

2023

27 September 2023

  • Baanx Group Ltd took control (75–100% of shares)

Companies House

26 September 2023

  • Garth Howat gave up control

Companies House

2021

16 December 2021

  • Regulated by the FCA from this date
  • Registered with the FCA

FCA register

2018

17 January 2018

  • Incorporated at Companies House
  • Garth Howat took control (75–100% of shares)

Companies House

In the full report: all 36 events

  • All 36 events in its history (16 shown here)
  • Every director appointment and resignation: 9
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Firms connected to Monavate Onchain

Other FCA-listed firms that share a director, phone number or address with Monavate Onchain. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
5
no longer authorised
1
share its postcode
5

In the full report: all 5 connected firms, named

  • How each is linked: the same postcode (5)
  • Who links each one: the named directors, with dates
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Get the full report on Monavate Onchain

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

  • 1 other company its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • 7 years of accounts, charted
  • All 36 events in its history
  • 5 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Monavate Onchain Ltd FCA authorised?
Monavate Onchain Ltd (FRN 927401) 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 Monavate Onchain’s phone number and website?
The FCA register lists the phone number 07341 159443 and the website baanxuk.com for Monavate Onchain. If you were given different contact details, use these to check with the firm before going any further.
Is Monavate Onchain a scam or clone?
Monavate Onchain 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 Monavate Onchain?
Money you hand to Monavate Onchain 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 Monavate Onchain?
Monavate Onchain is owned by Exodus Movement, Inc., which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 30 April 2026. Before that, it was controlled by W3c Corp, Baanx US Corp and Monavate Holdings Limited.
Who runs Monavate Onchain?
Companies House lists 3 directors of Monavate Onchain: James Gernetzke, Andrew Potenza and Michael Daniel Rolph.
How long has Monavate Onchain been in business?
The company was formed on 17 January 2018.
What do Monavate Onchain’s latest accounts show?
Its latest accounts, to 31 December 2025, show net assets of £34.1k (−19% from £42.1k).
Does Monavate Onchain use any other names?
It trades as Baanx, CL, CL Technology, Crypto Life and Crypto Life Cards. It has previously used 4 other names, including Baanx.com Ltd, Currency Life and Secure Exchange.

Sources and links

The full report on Monavate Onchain Ltd

£19.99 · Instant PDF download

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