Nvayo Limited

Reference number: 900005

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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

  • Phone number

    020 3982 6046

  • Address

    1, King William Street, London, EC4N 7AF, United Kingdom

In the full report: 2 background checks, 1 thing worth a closer look

  • What kind of line 020 3982 6046 is
  • Whether EC4N 7AF is a shared office: 35 other firms give it
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Other names (5)

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

  • BW Pay Limited Former name
  • Kalixa Pay Limited Former name
  • Vincento Payment Solutions Ltd Former name
  • Aurae Former trading name
  • Club Swan 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 (8 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
  • g) Execution of payment transactions via telecoms, IT system or network operator
  • h) Issuing Electronic Money

Limits on the record

  • Requirements 8 August 2023
    1.1 1) The Firm must not, without the prior written consent of the Authority, carry out any electronic money services for which it is authorised by the Authority pursuant to Part 2 of the EMR (issuance of electronic money) or conduct any payment services as defined under regulation 2(1) of the Payment Services Regulation 2017. 2) The Firm must not, without the prior written consent of the Authority, in any way dispose of, withdraw, transfer, deal with or diminish the value of any of its own assets, and any funds it holds for, or to the order of, its customers (whether in the United Kingdom or elsewhere). 3) The Firm must ensure that all relevant funds 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. 5) The Firm must provide written confirmation to the Authority that it is in compliance with these Requirements by 4pm on 15 August 2023, until such time as it is notified in writing by the Authority that it may cease to do so. 6) The Firm must secure and preserve all records and/or information (physical or electronic) relating to electronic money services from its systems in their original form, or in a copy proved to be identical to the source material. These must be retained in a form and at a location within the United Kingdom, to be notified to the Authority in writing by 4pm 15 August 2023, such that they can be provided to the Authority, or to a person named by the Authority, promptly on its request.
  • Requirements 8 August 2023
    Paragraph 1.1(2) does not apply to monetary payments or the disposal of assets made by the Firm in the ordinary course of business, amounting to no more than £5,000 whether as a single transaction or a combination of related transactions. The requirement in paragraph 1.1(2) also does not apply to: 1) Usual and proper salary payments made by the Firm (and which had been agreed prior to the imposition of the Requirements).
  • Requirements 8 August 2023
    1.3 For the purposes of paragraph 1.2, the following payments would not be regarded as payments made in the ordinary course of business: 1) Payments of unusual or significant amounts to the Firm’s controllers, shareholders, directors, officers, employees or any connected persons. 2) The making of any capital distribution. 3) The making of any gift or loan by the Firm to any party. 4) Payments made as part of any financial restructuring or reorganisation of its business, of from the sale of any part of the Firm’s business (whether share or asset based).
  • Requirements 8 August 2023
    1.4 These Requirements shall take immediate effect and remain in force unless and until varied or cancelled by the Authority (either on the application of the Firm or of the Authority’s own volition).

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
06035209
Company status
Administration
Company type
Private limited company
Incorporated
21 December 2006 (19 years old)
Registered office
5th Floor, Grove House 248a Marylebone Road, London, NW1 6BB
Nature of business
  • Banks (SIC 64191)

Directors and company secretaries

Name Role Born Appointed Other companies
Christopher John Jacklin Director Jun 1968 30 Apr 2016 1 other company
Amadeo Miguel Pellicce Vicente Director Sep 1967 1 Mar 2023 1 other company
Robert Martin Plant Director May 1981 2 Oct 2023 5 other companies

Other companies run by these 3 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
6
closed down
3
is FCA-registered
1

In the full report: all 6 companies, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register, including one no longer authorised
  • The 1 company these 3 directors run together
  • All 20 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 December 2022Full accountsAudited

Turnover

£8.00m

No earlier figure to compare

Profit before tax

−£1.21m

No earlier figure to compare

Net assets

£6.22m

No earlier figure to compare

Cash at bank

£440k

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 06035209. 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

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

Key events (13) All events (53)

2023

8 August 2023

  • FCA imposed a requirement (Requirements 8 August 2023)

FCA register

2018

8 May 2018

  • Regulated by the FCA from this date
  • No longer regulated by the FCA
  • Became an authorised e-money institution

FCA register

2017

15 August 2017

  • Changed its registered name from "BW Pay Limited"

FCA register

12 June 2017

  • Changed its registered name from "Kalixa Pay Limited"

FCA register

2016

30 December 2016

  • Au Card Limited took control (75–100% of shares)
  • Kalixa Payments Group Limited gave up control

Companies House

21 December 2016

  • Kalixa Payments Group Limited took control (75–100% of shares)

Companies House

2013

26 April 2013

  • Changed its registered name from "Vincento Payment Solutions Ltd"

FCA register

1 April 2013

  • Regulated by the FCA from this date

FCA register

2011

17 May 2011

  • Regulated by the Financial Services Authority from this date

FCA register

2006

21 December 2006

  • Incorporated at Companies House

Companies House

In the full report: all 53 events

  • All 53 events in its history (13 shown here)
  • Every director appointment and resignation: 35
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Firms connected to Nvayo

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

past link
1

In the full report: all 0 connected firms, named

  • 1 past link through former directors
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Firms like Nvayo

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

In London

Uber Payments UK LimitedLondonAuthorisedWise Payments LimitedLondonAuthorisedForisgfs UK LimitedLondonAuthorisedWepay Payments Ltd.LondonAuthorisedAirbnb Payments UK LimitedLondonAuthorisedMollie UK Ltd.LondonAuthorised

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 Nvayo

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

  • 6 other companies its directors have run, named
  • 2 background checks on its contact details, 1 flagged
  • All 53 events in its history

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Frequently asked questions about this firm

Is Nvayo Limited FCA authorised?
Yes, Nvayo Limited (FRN 900005) 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 4 limits on what it may do.
What is Nvayo’s phone number?
The FCA register lists the phone number 020 3982 6046 for Nvayo. If you were given different contact details, use these to check with the firm before going any further.
Is Nvayo a scam or clone?
Nvayo 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 Nvayo?
Nvayo 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 Nvayo?
Nvayo is owned by Au Card Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 30 December 2016. Before that, it was controlled by Kalixa Payments Group Limited.
Who runs Nvayo?
Companies House lists 3 directors of Nvayo: Christopher John Jacklin, Amadeo Miguel Pellicce Vicente and Robert Martin Plant.
How long has Nvayo been in business?
The company was formed on 21 December 2006. Companies House now lists it as administration.
What do Nvayo’s latest accounts show?
Its latest accounts, to 31 December 2022, show turnover of £8.00m (no earlier figure to compare) and profit before tax of −£1.21m (no earlier figure to compare). Its accounts are overdue at Companies House.
Does Nvayo use any other names?
It has previously used 5 other names, including BW Pay Limited, Kalixa Pay Limited and Vincento Payment Solutions Ltd.

Sources and links

The full report on Nvayo Limited

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