Monneo Ltd

Reference number: 802210

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Authorised, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

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.

  • No website on the FCA register

  • No phone number on the FCA register

  • Address

    FRP Advisory Trading Limited, 110 Cannon Street, London, EC4N 6EU, United Kingdom

In the full report: 1 background check, 1 thing worth a closer look

  • Whether EC4N 6EU is a shared office: 22 other firms give it
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Other names (7)

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

  • izzio Trading name
  • E-Pay International Ltd Former name
  • Novopay Former trading name
  • www.ecrypto.co.uk Former trading name
  • www.monneo.com Former trading name
  • www.novopay.com Former trading name
  • www.novopay.co.uk Former trading name

Past FCA permissions and consumer protection

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (2 permissions)
  • 3. Executing payment transactions (no credit line)
  • 6. Money remittance.

Limits on the record

  • Business Restrictions
    a. The Firm must not (either directly or through any agents or other third parties), without the prior written consent of the Authority, carry out any payment services as defined by the PSR b. The Firm must not register or on-board any new customers. This applies to customers acquired directly or through any agents or other third parties.
  • Client Funds
    c. The firm must ensure that all relevant funds (defined in the PSR) are appropriately ringfenced in a designated safeguarding account or accounts. For the avoidance of doubt, if this requires a transfer between accounts, this must be done with the prior written consent of the Authority.
  • Due Diligence
    d. The firm must conduct thorough due diligence on all directors of the Firm and all persons responsible for payment services and providing written confirmation to the Authority that it has done so and is satisfied that each are of good repute and possess appropriate knowledge and experience to provide payment services. e. The firm must remove persons who are not of good repute

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

  • Companies House records this company in administration, but it is still authorised on the FCA register.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
10086951
Company status
Administration
Company type
Private limited company
Incorporated
29 March 2016 (10 years old)
Registered office
2nd Floor 110 Cannon Street, London, EC4N 6EU
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Richard Philip Kilsby Director Dec 1951 16 Sep 2019 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • All 10 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 March 2021Full accountsAudited

Net assets

£4.49m

No earlier figure to compare

Cash at bank

£11.5m

No earlier figure to compare

Employees (average)

24

No earlier figure to compare

Its next accounts are overdue at Companies House.

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 10086951. 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

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

Key events (13) All events (45)

2023

6 April 2023

  • FCA imposed a requirement (Business Restrictions)
  • FCA imposed a requirement (Client Funds)
  • FCA imposed a requirement (Due Diligence)

FCA register

2021

10 February 2021

  • Changed its registered name from "E-Pay International Ltd"

FCA register

2018

25 May 2018

  • Became an authorised payment institution

FCA register

23 May 2018

  • Supervised by HMRC under the money laundering rules from this date

FCA register

16 March 2018

  • Avraham Veenstra took control (75–100% of shares)
  • Icg Capital And Finance Corp (UK) Ltd gave up control

Companies House

16 February 2018

  • Regulated by the FCA from this date

FCA register

2016

6 April 2016

  • Icg Capital And Finance Corp (UK) Ltd took control (75–100% of shares)
  • Michael Anthony Minsky gave up control
  • Michael Anthony Minsky took control (75–100% of shares)

Companies House

29 March 2016

  • Incorporated at Companies House

Companies House

In the full report: all 45 events

  • All 45 events in its history (13 shown here)
  • Every director appointment and resignation: 19
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Firms like Monneo

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 Monneo

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
  • 1 background check on its contact details, 1 flagged
  • All 45 events in its history

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Frequently asked questions about this firm

Is Monneo Ltd FCA authorised?
Yes, Monneo Ltd (FRN 802210) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm. It has held its current authorisation since May 2018 and works as a payment or money transfer firm. The FCA has placed 3 limits on what it may do.
Is Monneo a scam or clone?
Monneo 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 Monneo?
Monneo is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Who owns Monneo?
Companies House lists one person with significant control of Monneo: Mr Avraham Veenstra (75–100% of shares). Before that, it was controlled by Mr Michael Anthony Minsky and Icg Capital And Finance Corp (UK) Ltd.
Who runs Monneo?
Companies House lists one director of Monneo: Richard Philip Kilsby.
How long has Monneo been in business?
The company was formed on 29 March 2016. Companies House now lists it as administration.
What do Monneo’s latest accounts show?
Its latest accounts, to 31 March 2021, show net assets of £4.49m (no earlier figure to compare) and cash at bank of £11.5m (no earlier figure to compare). Its accounts are overdue at Companies House.
Does Monneo use any other names?
It trades as izzio. It has previously used 6 other names, including E-Pay International Ltd, Novopay and www.ecrypto.co.uk.

Sources and links

The full report on Monneo Ltd

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