Obconnect Limited: FCA regulated?

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Authorised for 5 years
Your funds are safeguarded
No FCA actions
Active company since 2019
Accounts filed up to 30 November 2023
One of its directors is also a director of a firm that is no longer authorised
On its latest accounts it owed £542k more than it owned

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.

Website

obconnect.io (opens in a new tab)
Phone number

07803 162445
Address

1 The Boulevard, Shire Park, Welwyn Garden City, Hertfordshire, AL7 1EL, United Kingdom

In the full report: 3 background checks

When obconnect.io first appeared online, and whether it can receive email
What kind of line 07803 162445 is
Who else gives the postcode AL7 1EL

FCA permissions and consumer protection

Handle payments & transfers Funds safeguarded
Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
Complaints Ombudsman, free
You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Show FCA detail (2 permissions)

7. Payment initiation services
8. Account information services

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: 12311322 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 12 November 2019 (6 years old)
Registered office: 1 The Boulevard, Shire Park, Welwyn Garden City, Hertfordshire, AL7 1EL, England
Nature of business: Information technology consultancy activities (SIC 62020)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Simon Coles	Director	Sep 1968	29 Oct 2024	None
Josephine Sarah Anne Toolan	Director	Jul 1983	29 Oct 2024	2 other companies
Christopher Richard Thomas Paul	Director	Jan 1980	7 Jun 2026	7 other companies
INDIGO CORPORATE SECRETARY LIMITED	Corporate secretary	Not published	31 Oct 2024	–

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: 7
still active: 7
are FCA-registered: 6

In the full report: all 7 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 6 on the FCA register, including 2 no longer authorised
The 2 companies these 3 directors run together
All 5 people who have ever been directors, with their dates

Filed accounts and finances

Year to 30 November 2023Small company accountsNot audited

Net assets

−£542k

−276% from £308k

Cash at bank

£1.80m

−37% from £2.84m

Employees (average)

11

+120% from 5

Owed within a year

£349k

+529% from £55.5k

Net assets are negative: on its last balance sheet the company owed £542k more than it owned.

* Cash at bank usually includes customers’ money.

Assets and liabilities

In the full report: all 4 years of accounts

Every year from 2020 to 2023
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 12311322. 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

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

Key events (8) All events (16)

2024

29 October 2024

Darran Neil Morford stopped being a part-owner
Paypoint PLC took control (75–100% of shares)
Rui Pedro Carrasco Ramos Bentes Engana stopped being a part-owner

Companies House

2021

7 April 2021

Regulated by the FCA from this date
Became an authorised payment institution

FCA register

2019

12 November 2019

Incorporated at Companies House
Darran Neil Morford became a part-owner (25–50% of shares)
Rui Pedro Carrasco Ramos Bentes Engana became a part-owner (25–50% of shares)

Companies House

In the full report: all 16 events

All 16 events in its history (8 shown here)
Every director appointment and resignation: 7

Firms connected to Obconnect

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

connected firms: 3
no longer authorised: 1
share a director: 3

In the full report: all 3 connected firms, named

How each is linked: shared directors (3), the same postcode (3)
Who links each one: the named directors, with dates
3 past links through former directors

Firms like Obconnect

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

In Hertfordshire

Nayax Financial Services Ltd.HertfordshireAuthorised GVS Prepaid LimitedHertfordshireAuthorised Paypoint Payment Services LimitedHertfordshireAuthorised UKFX Holdings LtdHertfordshireAuthorised

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 Obconnect

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

7 other companies its directors have run, named
3 background checks on its contact details
4 years of accounts, charted
All 16 events in its history
3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Obconnect Limited FCA authorised?

Yes, Obconnect Limited (FRN 935017) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since April 2021 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.

What is Obconnect’s phone number and website?

The FCA register lists the phone number 07803 162445 and the website obconnect.io for Obconnect. If you were given different contact details, use these to check with the firm before going any further.

Is Obconnect a scam or clone?

Obconnect 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 Obconnect?

It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about Obconnect to the Financial Ombudsman Service, free of charge.

Who owns Obconnect?

Obconnect is owned by Paypoint PLC, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 29 October 2024. Before that, it was controlled by Mr Darran Neil Morford and Mr Rui Pedro Carrasco Ramos Bentes Engana.

Who runs Obconnect?

Companies House lists 3 directors of Obconnect: Simon Coles, Josephine Sarah Anne Toolan and Christopher Richard Thomas Paul.

How long has Obconnect been in business?

The company was formed on 12 November 2019, and has held its current FCA authorisation since April 2021.

What do Obconnect’s latest accounts show?

Its latest accounts, to 30 November 2023, show net assets of −£542k (−276% from £308k) and cash at bank of £1.80m (−37% from £2.84m).