Acts as an e-money agent
This firm does not hold FCA authorisation of its own, and acts as an e-money agent under another firm's authorisation.
- Agent for 5 years
- No FCA actions
- Active company since 2020
- Accounts filed up to 31 December 2022
- Your funds are not FSCS protected
- On its latest accounts it owed £2.46m more than it owned
Responsible principal firm
Modulr FS Limited Reference number: 900573 View firm →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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No website on the FCA register
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Phone number
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Address
International House, 64 Nile Street, LONDON, N1 7SR, United Kingdom
In the full report: 2 background checks
- What kind of line 01483 947084 is
- Who else gives the postcode N1 7SR
Past FCA permissions and consumer protection
- Protection works through the principalThis firm acts as an agent of an authorised payment or e-money firm rather than holding its own authorisation. FSCS does not protect money held by an agent. Funds should be safeguarded by the principal, and the Financial Ombudsman Service may still be able to look at a complaint.
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
- 12792210 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 4 August 2020 (6 years old)
- Registered office
- International House, 64 Nile Street, London, N1 7SR, United Kingdom
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Benjamin Paul Fernandes | Director | Nov 1992 | 4 Aug 2020 | None |
| Parth Vishal Patel | Director | Jan 1999 | 7 Sep 2026 | None |
In the full report: every company its directors have run
- Confirmation that these 2 directors run no other company
- All 4 people who have been directors, with their dates
Filed accounts and finances
Net assets
−£2.46m
Down £2.26m from −£196k
Cash at bank
£153k
+85% from £82.5k
Employees (average)
7
+133% from 3
Owed within a year
£205k
Up £203k from £2,643
Net assets are negative: on its last balance sheet the company owed £2.46m more than it owned.
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.
There is no turnover or profit: small companies do not have to publish them.
Accounts filed at Companies House for company 12792210. 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
NALA Payments’s history from the FCA register and Companies House, newest first.
2021
12 January 2021
- Status on the FCA register became "EMD Agent"
FCA register
2020
4 August 2020
- Incorporated at Companies House
- Nala Inc. took control (75–100% of shares)
Companies House
In the full report: all 9 events
- All 9 events in its history (3 shown here)
- Every director appointment and resignation: 6
Firms connected to NALA Payments
Other FCA-listed firms that share a director, phone number or address with NALA Payments. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 4
- share its postcode
- 4
In the full report: all 4 connected firms, named
- How each is linked: the same postcode (4)
- Who links each one: the named directors, with dates
Firms like NALA Payments
Other firms of the same type (payment or money transfer firm), nearest first.
In the North London (N) postcode area
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 NALA Payments
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
- 2 background checks on its contact details
- All 9 events in its history
- 4 connected firms, named, and who links them
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Frequently asked questions about this firm
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Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Report a scam to the FCA fca.org.uk