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.
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No website on the FCA register
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No phone number on the FCA register
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Address
Salisbury House Office 409, 29 Finsbury Circus, London, EC2M 5SQ, United Kingdom
In the full report: 1 background check
- Who else gives the postcode EC2M 5SQ
Other names (1)
If you were contacted under any of these names, it is this firm.
- Paynetics digital Trading name: A name it trades under now.
FCA permissions and consumer protection
- Handle payments & transfers Funds safeguardedYour 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, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (7 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
- h) Issuing Electronic Money
Limits on what they may do
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No agents and no more than 26 distributors
1. Paynetics UK Limited will not provide payment services through an agent. 2. Paynetics UK Limited will not distribute or redeem electronic money through more than 26 distributors. For the purpose of this requirement, the terms ‘payment services’, ‘agent’ and ‘distributor’ have the meanings set out in regulation 2 of the Electronic Money Regulations 2011.
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Refrain from account information services or payment initiation services for an indefinite period.
Institution to refrain from account information services or payment initiation services for an indefinite period.
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
- 12481335 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 25 February 2020 (6 years old)
- Registered office
- Salisbury House Office 409, 29 Finsbury Circus,, London, EC2M 5SQ, United Kingdom
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Ivo Alexandrov Gueorguiev | Director | Jan 1964 | 25 Feb 2020 | 5 other companies |
| Ian Terence Clowes | Director | Oct 1964 | 7 Jan 2021 | 9 other companies |
| Antonina Ivanova Martinova | Director | Nov 1968 | 7 Jan 2021 | None |
| Valeri Marinov Valtchev | Director | Mar 1976 | 7 Jan 2021 | None |
| Ariel Hasson | Director | Jun 1973 | 14 Nov 2023 | None |
| Janet Lynne Johnston | Director | Jan 1961 | 17 Mar 2025 | None |
| David John Parker | Director | Mar 1965 | 28 Nov 2025 | None |
Other companies run by these 7 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
- 14
- closed down
- 6
- went insolvent
- 3
In the full report: all 14 companies, named
- What each company does, and whether it is still trading
- Which of these 7 directors sit on each board, and since when
- The 3 that went into liquidation or administration
- The one on the FCA register
- All 9 people who have ever been directors, with their dates
Filed accounts and finances
Turnover
£5.23m
Up £4.97m from £261k
Profit before tax
£30.2k
From a loss of £624k
Net assets
£680k
No earlier figure to compare
Cash at bank
£19.2m
No earlier figure to compare
* Cash at bank usually includes customers’ money.
Turnover and profit
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 12481335. Figures are exactly as filed; nothing is estimated.
Key dates in its history
Paynetics UK’s history from the FCA register and Companies House, newest first.
2024
26 March 2024
- Ivo Alexandrov Gueorguiev gained significant control
- Valeri Marinov Valtchev gained significant control
Companies House
2023
31 March 2023
- FCA imposed a requirement (No agents and no more than 26 distributors)
- FCA imposed a requirement (Refrain from account information services or payment initiation services for an indefinite period.)
- Became an authorised e-money institution
FCA register
2021
12 January 2021
- Regulated by the FCA from this date
FCA register
2020
25 February 2020
- Incorporated at Companies House
- Paynetics Ad gave up control
- Paynetics Ad took control (75–100% of shares)
Companies House
In the full report: all 21 events
- All 21 events in its history (9 shown here)
- Every director appointment and resignation: 11
Firms connected to Paynetics UK
Other FCA-listed firms that share a director, phone number or address with Paynetics UK. 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
Firms like Paynetics UK
Other firms of the same type (payment or money transfer firm), nearest first.
In London
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 Paynetics UK
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 14 other companies its directors have run, named
- 1 background check on its contact details
- All 21 events in its history
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Frequently asked questions about this firm
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Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- How safeguarding works fca.org.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk