Novo Finance Ltd

Reference number: 1034442

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On the register, but not FCA authorised

This firm is registered with the FCA for anti-money-laundering checks only, which is why it appears on the register. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.

What does this mean?
  • Some businesses are required by law to have an anti-money-laundering supervisor. For this kind of business that supervisor is the FCA, and the registration is the only reason the firm appears on the FCA register.
  • What the FCA checks is narrow: that the firm identifies its customers, keeps records, and reports suspicious activity. It is the anti-crime paperwork behind a bank asking you for ID.
  • It does not check anything about you as a customer. Not whether the firm treats you fairly, not whether it is financially sound, not whether what it sells is any good. The FCA describes firms registered this way as “not authorised or subject to wider FCA regulation”.
  • So if the firm fails or treats you badly, there is no FSCS compensation, and the Financial Ombudsman Service usually cannot look at a complaint about unregulated business.

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

    MERIDIEN HOUSE, 42 UPPER BERKELEY STREET, LONDON, W1H 5QL, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode W1H 5QL
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Past FCA permissions and consumer protection

  • Money-laundering registration only
    This firm is registered for anti-money-laundering supervision only. It is not FCA-authorised. Money you hand over is not protected by the FSCS, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.

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 status
Active
Company type
Private limited company
Incorporated
2 March 2024 (2 years old)
Registered office
Meridien House, 42 Upper Berkeley Street, London, England, W1H 5QL, United Kingdom
Nature of business
  • Other credit granting not elsewhere classified (SIC 64929)

Directors and company secretaries

Name Role Born Appointed Other companies
Victor Baron Director Jan 1982 16 Dec 2025 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
1
still active
2

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 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Small company accountsNot audited

Total equity

£100

No earlier figure to compare

Cash at bank

£100

No earlier figure to compare

Employees (average)

0

No earlier figure to compare

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 15536990. Figures are exactly as filed; nothing is estimated.

Key dates in its history

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

2026

14 September 2026

  • Jurijs Pasternaks gave up control
  • Novo World Ltd took control (75–100% of shares)

Companies House

2025

13 June 2025

  • Registered with the FCA

FCA register

2024

2 March 2024

  • Incorporated at Companies House
  • Jurijs Pasternaks took control (75–100% of shares)

Companies House

In the full report: all 10 events

  • All 10 events in its history (5 shown here)
  • Every director appointment and resignation: 5
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Firms connected to Novo Finance

Other FCA-listed firms that share a director, phone number or address with Novo Finance. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
5
share its postcode
5

In the full report: all 5 connected firms, named

  • How each is linked: the same postcode (5)
  • Who links each one: the named directors, with dates
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Get the full report on Novo Finance

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
  • 1 background check on its contact details
  • All 10 events in its history
  • 5 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Novo Finance Ltd FCA authorised?
Novo Finance Ltd (FRN 1034442) is registered with the FCA under the Money Laundering Regulations only. That is anti-money-laundering supervision, not FCA authorisation, and the FCA does not supervise the firm's conduct.
Is Novo Finance a scam or clone?
Novo Finance is genuinely on the FCA's money-laundering register, so it is not an outright fake, but registration is not authorisation, and scammers impersonate registered firms too. Verify contact details against the register before sending money.
Is my money safe with Novo Finance?
Money you hand to Novo Finance is not protected by the FSCS. Money-laundering registration carries no compensation scheme, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.
Who owns Novo Finance?
Novo Finance is owned by Novo World Ltd, which holds 75–100% of shares, since 14 September 2026. Before that, it was controlled by Mr Jurijs Pasternaks.
Who runs Novo Finance?
Companies House lists one director of Novo Finance: Victor Baron.
How long has Novo Finance been in business?
The company was formed on 2 March 2024.
What do Novo Finance’s latest accounts show?
Its latest accounts, to 31 March 2025, show total equity of £100 (no earlier figure to compare) and cash at bank of £100 (no earlier figure to compare).

Sources and links

The full report on Novo Finance Ltd

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