Open World Financial Services Ltd

Reference number: 611518

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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.

In the full report: 3 background checks, 1 thing worth a closer look

  • When ipaymoneytransfer.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 8050 7415 is
  • Who else gives the postcode NW9 7EE
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Other names (2)

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

  • I.Pay Trading name
  • Open World Trading name

FCA permissions and consumer protection

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.
  • 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 (1 permission)
  • 6. Money remittance.

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
08773200
Company status
Active
Company type
Private limited company
Incorporated
13 November 2013 (12 years old)
Registered office
196 West Hendon Broadway, London, NW9 7EE, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Abdul Ahad Azizi Director Feb 1992 5 Jul 2023 None
Mostafa Azizullah Secretary Not published 13 Nov 2013 –

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • Both people who have been directors, with their dates
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Filed accounts and finances

Year to 31 August 2026Small company accountsNot audited

Net assets

£117k

+4.6% from £112k

Cash at bank

£92.2k

−5.2% from £97.3k

Employees (average)

5

Same as 5

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2020 to 2026
  • The chart, over every year
  • Every filed figure, year by year
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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 08773200. 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

Open World Financial Services’s history from the FCA register and Companies House, newest first.

Key events (6) All events (11)

2023

5 July 2023

  • Board replaced: its only director left and a new director took over

Companies House

2018

30 August 2018

  • Registered as a small payment institution

FCA register

2016

6 April 2016

  • Mostafa Azizullah took control (75–100% of shares)

Companies House

2014

26 April 2014

  • Supervised by HMRC under the money laundering rules from this date

FCA register

2013

11 December 2013

  • Regulated by the FCA from this date

FCA register

13 November 2013

  • Incorporated at Companies House

Companies House

In the full report: all 11 events

  • All 11 events in its history (6 shown here)
  • Every director appointment and resignation: 3
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Firms connected to Open World Financial Services

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

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Open World Financial Services

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

In London

StoneX Financial LtdLondonAuthorisedReal Transfer LimitedLondonAuthorisedOnafriq UK LimitedLondonAuthorisedDaytona Capital Management LimitedLondonAuthorisedSable International FX LimitedLondonAuthorisedTrolley Payments UK LtdLondonAuthorised

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 Open World Financial Services

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
  • 3 background checks on its contact details, 1 flagged
  • 7 years of accounts, charted
  • All 11 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Open World Financial Services Ltd FCA authorised?
Yes, Open World Financial Services Ltd (FRN 611518) is registered with the FCA and permitted to provide its regulated services.
What is Open World Financial Services’ phone number and website?
The FCA register lists the phone number 020 8050 7415 and the website ipaymoneytransfer.co.uk for Open World Financial Services. If you were given different contact details, use these to check with the firm before going any further.
Is Open World Financial Services a scam or clone?
Open World Financial Services 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 Open World Financial Services?
Protection depends on which product you hold and how Open World Financial Services handles your money, so check the specific product before you commit. You can also refer complaints about Open World Financial Services to the Financial Ombudsman Service, free of charge.
Who owns Open World Financial Services?
Companies House lists one person with significant control of Open World Financial Services: Mr Mostafa Azizullah (75–100% of shares).
Who runs Open World Financial Services?
Companies House lists one director of Open World Financial Services: Abdul Ahad Azizi.
How long has Open World Financial Services been in business?
The company was formed on 13 November 2013, and has held its current FCA authorisation since August 2018.
What do Open World Financial Services’ latest accounts show?
Its latest accounts, to 31 August 2026, show net assets of £117k (+4.6% from £112k) and cash at bank of £92.2k (−5.2% from £97.3k).
Does Open World Financial Services use any other names?
It trades as I.Pay and Open World.

Sources and links

The full report on Open World Financial Services Ltd

£19.99 · Instant PDF download

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