Introducer appointed representative
This firm can only introduce you to its principal, and cannot give financial advice, recommend products, or arrange deals alone.
- Appointed for 3 years
- Protected through the principal
- No FCA actions
- Active company since 2020
- Accounts filed up to 30 April 2026
Responsible principal firm
Switcha Limited Reference number: 828963 View firm →What does this mean?
- An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own.
- MYDIS LTD (FRN 1000230) introduces customers to Switcha Limited (FRN 828963). Any regulated advice or arranging is done by the principal, not MYDIS.
- Example: if MYDIS refers you to a financial adviser, the advice should come from the principal firm, not from MYDIS itself.
- 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.
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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Website
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Phone number
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Address
Unit 1 Glover Street, Redditch, Worcestershire, B98 7BG, United Kingdom
In the full report: 3 background checks
- When mydis.com first appeared online, and whether it can receive email
- What kind of line 01708 908008 is
- Who else gives the postcode B98 7BG
FCA permissions and consumer protection
- Protection through the principal firmProtection works through Switcha 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, freeYou 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.
- Company number
- 12548375 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 6 April 2020 (6 years old)
- Registered office
- Unit 1 Glover Street, Redditch, B98 7BG, England
- Nature of business
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- Other service activities not elsewhere classified (SIC 96090)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Raees Sayed | Director | Apr 1997 | 5 Feb 2024 | 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
- 2
- still active
- 1
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
- All 4 people who have ever been directors, with their dates
Filed accounts and finances
Net assets
£30.0k
+929% from £2,911
Cash at bank
£57.5k
Up £56.9k from £611
Employees (average)
0
Same as 0
Owed within a year
£91.2k
Up £90.2k from £1,000
Net assets
In the full report: all 6 years of accounts
- Every year from 2021 to 2026
- 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 12548375. 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
Mydis’s history from the FCA register and Companies House, newest first.
2024
15 April 2024
- Raees Sayed took control (75–100% of shares)
Companies House
1 April 2024
- Terri-Ann Elizabeth Boyle no longer has significant control
Companies House
2023
9 August 2023
- Became an introducer appointed representative
FCA register
2022
1 February 2022
- Terri-Ann Elizabeth Boyle gained significant control
Companies House
2021
1 December 2021
- Al Sayed gave up control
Companies House
2020
6 April 2020
- Incorporated at Companies House
- Al Sayed took control (75–100% of shares)
Companies House
In the full report: all 14 events
- All 14 events in its history (7 shown here)
- Every director appointment and resignation: 7
Firms like Mydis
Other firms of the same type (credit broker), nearest first.
In Redditch
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 Mydis
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
- 3 background checks on its contact details
- 6 years of accounts, charted
- All 14 events in its history
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Frequently asked questions about this firm
Is Mydis Ltd FCA authorised?
What does introducer appointed representative mean for Mydis?
What is Mydis’ phone number and website?
Is Mydis a scam or clone?
Is my money safe with Mydis?
Who owns Mydis?
Who runs Mydis?
How long has Mydis been in business?
What do Mydis’ latest accounts show?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk