Monitox Ltd

Reference number: 901012

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

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 monitox.com first appeared online, and whether it can receive email
  • What kind of line 0345 548 0050 is
  • Whether SW1Y 5ES is a shared office: 29 other firms give it
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FCA permissions and consumer protection

  • Handle payments & transfers Funds safeguarded
    Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (7 permissions)
  • a) Services enabling cash placement on a payment account
  • b) Services enabling cash withdrawals from a payment account
  • c) Execution of payment transactions (not covered by a credit line)
  • d) Execution of payment transactions (covered by a credit line)
  • e) Issuing payment instruments or acquiring payment transactions
  • f) Money remittance
  • h) Issuing Electronic Money

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
SC627907
Company status
Active
Company type
Private limited company
Incorporated
17 April 2019 (7 years old)
Registered office
Clyde Offices 2nd Floor, 48 West George Street, Glasgow, G2 1BP, Scotland
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Sharmarke Abdirahman Abdulle Director Mar 1976 19 May 2022 9 other companies
Krishanth Chandradas Director Dec 1988 25 Mar 2024 None

Other companies run by these 2 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
9
closed down
8
still active
1

In the full report: all 9 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 6 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 April 2025Micro-entity accountsNot audited

Net assets

£100k

Up £92.1k from £8,122

Employees (average)

6

Same as 6

Owed within a year

£201k

−9.2% from £222k

No turnover or profit for the year to 30 April 2025: the accounts print them but do not tag them. The last tagged figures are £451k turnover and −£424k profit, for the year to 30 April 2023.

Assets and liabilities

In the full report: all 6 years of accounts

  • Every year from 2020 to 2025
  • Both charts, 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.

Accounts filed at Companies House for company SC627907. 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

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

Key events (6) All events (16)

2025

23 September 2025

  • Maksim Asanov gave up control
  • Marelius Invest Ou took control (75–100% of shares)

Companies House

2020

7 March 2020

  • Became an authorised e-money institution

FCA register

2019

21 August 2019

  • Maksim Asanov took control (75–100% of shares)

Companies House

7 August 2019

  • Regulated by the FCA from this date

FCA register

17 April 2019

  • Incorporated at Companies House

Companies House

In the full report: all 16 events

  • All 16 events in its history (6 shown here)
  • Every director appointment and resignation: 10
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Firms like Monitox

Other firms of the same type (payment or money transfer firm), nearest first.

In London

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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 Monitox

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

  • 9 other companies its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • 6 years of accounts, charted
  • All 16 events in its history

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Frequently asked questions about this firm

Is Monitox Ltd FCA authorised?
Yes, Monitox Ltd (FRN 901012) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since March 2020 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is Monitox’s phone number and website?
The FCA register lists the phone number 0345 548 0050 and the website monitox.com for Monitox. If you were given different contact details, use these to check with the firm before going any further.
Is Monitox a scam or clone?
Monitox 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 Monitox?
It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about Monitox to the Financial Ombudsman Service, free of charge.
Who owns Monitox?
Monitox is owned by Marelius Invest Ou, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 23 September 2025. Before that, it was controlled by Mr Maksim Asanov.
Who runs Monitox?
Companies House lists 2 directors of Monitox: Sharmarke Abdirahman Abdulle and Krishanth Chandradas.
How long has Monitox been in business?
The company was formed on 17 April 2019, and has held its current FCA authorisation since March 2020.
What do Monitox’s latest accounts show?
Its latest accounts, to 30 April 2025, show net assets of £100k (up £92.1k from £8,122).

Sources and links

The full report on Monitox Ltd

£19.99 · Instant PDF download

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