Payless 4 Business Lending Ltd

Reference number: 761138

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Authorised by the FCA

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

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 drakebusinessfunding.co.uk first appeared online, and whether it can receive email
  • What kind of line 01243 264733 is
  • Who else gives the postcode PO21 3JZ
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Other names (3)

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

  • Drake Business Funding Trading name
  • Drake Funding Trading name
  • Payless 4 Bank Charges Limited Former name

FCA permissions and consumer protection

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • 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 (3 permissions)
  • Credit Broking
  • Debt Adjusting
  • Debt-counselling

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
06303325
Company status
Active
Company type
Private limited company
Incorporated
5 July 2007 (19 years old)
Registered office
22 Lion Road, Bognor Regis, PO21 3JZ, England
Nature of business
  • Other information service activities not elsewhere classified (SIC 63990)
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Richard John Drake Director Jan 1967 5 Jul 2007 2 other companies
Moira Drake Secretary Not published 12 Sep 2016 –

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
2
closed down
1
still active
1

In the full report: all 2 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 2 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 October 2025Micro-entity accountsNot audited

Net assets

−£22.2k

Up £1,801 from −£24.0k

Owed within a year

£50.9k

+51% from £33.8k

Net assets are negative: on its last balance sheet the company owed £22.2k more than it owned.

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2019 to 2025
  • 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 06303325. 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

Payless 4 Business Lending’s history from the FCA register and Companies House, newest first.

Key events (5) All events (12)

2017

31 January 2017

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

16 January 2017

  • Changed its registered name from "Payless 4 Bank Charges Limited"

FCA register

2016

5 July 2016

  • Richard John Drake became the majority owner (50–75% of shares)

Companies House

2007

5 July 2007

  • Incorporated at Companies House

Companies House

In the full report: all 12 events

  • All 12 events in its history (5 shown here)
  • Every director appointment and resignation: 3
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Firms like Payless 4 Business Lending

Other firms of the same type (credit broker), nearest first.

In Bognor Regis

Copthorne CaravansBognor RegisAppointed representativeWillSells LtdBognor RegisAppointed representative

In the Portsmouth (PO) postcode area

Adrian John WheelerVentnorAuthorisedAntonia SalzlSouthseaAuthorisedBartletts Service StationSandownAuthorisedCapital Fleet Solutions LtdFarehamAuthorised

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 Payless 4 Business Lending

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

  • 2 other companies its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • 7 years of accounts, charted
  • All 12 events in its history

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Frequently asked questions about this firm

Is Payless 4 Business Lending Ltd FCA authorised?
Yes, Payless 4 Business Lending Ltd (FRN 761138) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since January 2017 and works as a credit broker. The FCA has placed no limits on its permissions.
What is Payless 4 Business Lending’s phone number and website?
The FCA register lists the phone number 01243 264733 and the website drakebusinessfunding.co.uk for Payless 4 Business Lending. If you were given different contact details, use these to check with the firm before going any further.
Is Payless 4 Business Lending a scam or clone?
Payless 4 Business Lending 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 Payless 4 Business Lending?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Payless 4 Business Lending handles your money, so check the specific product before you commit. You can also refer complaints about Payless 4 Business Lending to the Financial Ombudsman Service, free of charge.
Who owns Payless 4 Business Lending?
Companies House lists one person with significant control of Payless 4 Business Lending: Mr Richard John Drake (50–75% of shares).
Who runs Payless 4 Business Lending?
Companies House lists one director of Payless 4 Business Lending: Richard John Drake.
How long has Payless 4 Business Lending been in business?
The company was formed on 5 July 2007, and has held its current FCA authorisation since January 2017.
What do Payless 4 Business Lending’s latest accounts show?
Its latest accounts, to 31 October 2025, show net assets of −£22.2k (up £1,801 from −£24.0k).
Does Payless 4 Business Lending use any other names?
It trades as Drake Business Funding and Drake Funding. It has previously used the name Payless 4 Bank Charges Limited.

Sources and links

The full report on Payless 4 Business Lending Ltd

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