Palm Forex Limited
Reference number: 705325
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No longer authorised
This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 16 November 2018.
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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Last known website
palmforex.co.uk
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Last known phone number
020 8572 2722
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Last known address
59 High Street, Hounslow, TW3 1RB, United Kingdom
In the full report: 3 background checks
- When palmforex.co.uk first appeared online, and whether it can receive email
- What kind of line 020 8572 2722 is
- Who else gives the postcode TW3 1RB
Past FCA permissions and consumer protection
- The record is closedCover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.
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 as dissolved.
- Company number
- 09562607 (opens Companies House in a new tab)
- Company status
- Dissolved
- Company type
- Private limited company
- Incorporated
- 27 April 2015 (11 years old)
- Registered office
- 129 Unthank Road, Norwich, NR2 2PE, England
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Ahmed Malik Rizwan | Director | Jan 1990 | 1 May 2021 | None |
In the full report: every company its directors have run
- Confirmation that its director runs no other company
- All 5 people who have been directors, with their dates
Filed accounts and finances
Net assets
£54
No earlier figure to compare
Owed within a year
£3,106
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 09562607. 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
Palm Forex’s history from the FCA register and Companies House, newest first.
2022
26 March 2022
- No longer regulated by the FCA
- No longer supervised by HMRC
FCA register
1 March 2022
- Company dissolved
Companies House
2021
1 May 2021
- Board replaced: its only director left and a new director took over
- Iqra Azam no longer has significant control
Companies House
2019
27 August 2019
- Abdulghafoor Ferdaws gave up control
- Iqra Azam gained significant control
Companies House
3 June 2019
- Abdul Rafi Siddiqui gave up control
- Abdulghafoor Ferdaws took control (75–100% of shares)
Companies House
2018
30 November 2018
- Board replaced: its only director left and a new director took over
- Abdul Rafi Siddiqui took control (75–100% of shares)
- Mukhtar Ahmed Kakar gave up control
Companies House
16 November 2018
- Status on the FCA register became "Cancelled - Small PI"
FCA register
2016
25 May 2016
- Mukhtar Ahmed Kakar took control (75–100% of shares)
Companies House
2015
1 September 2015
- Regulated by the FCA from this date
FCA register
1 August 2015
- Supervised by HMRC under the money laundering rules from this date
FCA register
27 April 2015
- Incorporated at Companies House
Companies House
In the full report: all 26 events
- All 26 events in its history (17 shown here)
- Every director appointment and resignation: 9
Firms connected to Palm Forex
Other FCA-listed firms that share a director, phone number or address with Palm Forex. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 3
- share its postcode
- 3
In the full report: all 3 connected firms, named
- How each is linked: the same postcode (3)
- Who links each one: the named directors, with dates
Firms like Palm Forex
Other firms of the same type (payment or money transfer firm), nearest first.
In Hounslow
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 Palm Forex
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
- All 26 events in its history
- 3 connected firms, named, and who links them
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Frequently asked questions about this firm
Is Palm Forex Limited FCA authorised?
Is Palm Forex a scam or clone?
Is my money safe with Palm Forex?
Who owns Palm Forex?
Who runs Palm Forex?
How long has Palm Forex been in business?
What do Palm Forex’s latest accounts show?
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