Monese Ltd

Reference number: 1031974

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Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

Steadypay Limited Reference number: 789333 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Monese Ltd (FRN 1031974) is an AR of Steadypay Limited (FRN 789333). When you use Monese's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Monese, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • 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.

  • Website

    monese.com/gb/en

  • Phone number

    01706 304001

    Also given by a firm that is no longer authorised. Check you are dealing with the firm on this page.

  • Address

    Eagle House, 167 City Road, London, Hackney, EC1V 1NR, United Kingdom

In the full report: 3 background checks

  • When monese.com first appeared online, and whether it can receive email
  • What kind of line 01706 304001 is, and the 2 other firms that give it
  • Who else gives the postcode EC1V 1NR
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Other names (2)

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

  • Monese.com Trading name
  • Monese Limited Former name

FCA permissions and consumer protection

  • Protection through the principal firm
    Protection works through Steadypay 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.

Concerns on the company record

  • Confirmation statement is overdue at Companies House.
Company number
08720992
Company status
Active
Company type
Private limited company
Incorporated
7 October 2013 (13 years old)
Registered office
Eagle House, 163 City Road, London, EC1V 1NR, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Virraj Bharatkumar Jatania Director Mar 1988 17 Dec 2024 5 other companies
Malcolm Le May Director Jan 1958 17 Dec 2024 None
Mark Newton-Jones Director May 1967 17 Dec 2024 1 other company
Denis Shafranik Director Jun 1981 17 Dec 2024 16 other companies

Other companies run by these 4 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
20
closed down
2
are FCA-registered
3

In the full report: all 20 companies, named

  • What each company does, and whether it is still trading
  • Which of these 4 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 3 on the FCA register
  • The 2 companies these 4 directors run together
  • All 20 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 December 2024Full accountsAudited

Turnover

£12.2m

Not compared: the previous accounts cover a different length of time

Profit before tax

−£15.9m

Not compared: the previous accounts cover a different length of time

Net assets

£5.23m

−39% from £8.60m

Cash at bank

£6.16m

−52% from £12.7m

Assets and liabilities

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.

Accounts filed at Companies House for company 08720992. 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

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

Key events (10) All events (47)

2025

4 June 2025

  • Changed its registered name from "Monese Limited"

FCA register

16 May 2025

  • Changed its registered name from "Monese Ltd"
  • Became an appointed representative

FCA register

2024

17 December 2024

  • Board replaced: all 4 directors left and 5 new directors took over
  • Norris Koppel no longer has significant control
  • Pockit Limited took control (75–100% of shares)

Companies House

2022

2 September 2022

  • Kinnevik Ab (Publ) stopped being a part-owner

Companies House

2020

28 July 2020

  • Kinnevik Ab (Publ) became a part-owner (25–50% of shares)

Companies House

2016

6 April 2016

  • Norris Koppel gained significant control

Companies House

2013

7 October 2013

  • Incorporated at Companies House

Companies House

In the full report: all 47 events

  • All 47 events in its history (10 shown here)
  • Every director appointment and resignation: 36
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Firms connected to Monese

Other FCA-listed firms that share a director, phone number or address with Monese. 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
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Get the full report on Monese

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

  • 20 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 47 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Monese Ltd FCA authorised?
Monese Ltd (FRN 1031974) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Monese?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Monese Ltd (FRN 1031974) is an AR of Steadypay Limited (FRN 789333). When you use Monese's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Monese, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. 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 Monese’s phone number and website?
The FCA register lists the phone number 01706 304001 and the website monese.com/gb/en for Monese. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 2 other FCA firms, one of which is no longer authorised.
Is Monese a scam or clone?
Monese 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 Monese?
Protection works through Steadypay Limited, the principal firm responsible for Monese's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Who owns Monese?
Monese is owned by Pockit Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 17 December 2024. Before that, it was controlled by Kinnevik Ab (Publ) and Mr Norris Koppel.
Who runs Monese?
Companies House lists 4 directors of Monese: Virraj Bharatkumar Jatania, Malcolm Le May, Mark Newton-Jones and Denis Shafranik.
How long has Monese been in business?
The company was formed on 7 October 2013.
What do Monese’s latest accounts show?
Its latest accounts, to 31 December 2024, show turnover of £12.2m (not compared: the previous accounts cover a different length of time) and profit before tax of −£15.9m (not compared: the previous accounts cover a different length of time).
Does Monese use any other names?
It trades as Monese.com. It has previously used the name Monese Limited.

Sources and links

The full report on Monese Ltd

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