Paypoint Payment Services Limited

Reference number: 608277

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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.

  • No website on the FCA register

  • Phone number

    01707 600300

    Also given by a firm that is no longer authorised. Check you are dealing with the firm on this page.

  • Address

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

In the full report: 2 background checks

  • What kind of line 01707 600300 is, and the 4 other firms that give it
  • Who else gives the postcode AL7 1EL
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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 (7 permissions)
  • 1. Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account.
  • 2. Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account.
  • 3. Executing payment transactions (no credit line)
  • 5. Issuing and/or acquiring of payment instruments.
  • 6. Money remittance.
  • 7. Payment initiation services
  • 8. Account information services

Limits on what they may do

  • Requirement on PSD Agent Activities
    The firm may provide payment services through an agent only if: - the agent is a member firm of the PayPoint Group; or - the agent is used to make cash payments to customers of the firm's clients as part of the Cash Out Service described in the application pack and supplementary documents submitted to the FCA by the firm as part of its application for authorisation on 3 October 2013. This requirement is in addition to the requirements of the Payment Services Regulations 2009 and in particular regulation 29. Any terms used in this requirement have the same meaning as in those Regulations.

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 status
Active
Company type
Private limited company
Incorporated
1 August 2013 (13 years old)
Registered office
Matches the FCA register address ✓
Nature of business
  • Other business support service activities not elsewhere classified (SIC 82990)

Directors and company secretaries

Name Role Born Appointed Other companies
Christopher Richard Thomas Paul Director Jan 1980 21 Sep 2017 7 other companies
Niamh Margaret Young Director Aug 1970 1 Sep 2021 3 other companies
David Robert Harding Director Aug 1974 14 Aug 2023 46 other companies
Josephine Sarah Anne Toolan Director Jul 1983 28 Mar 2024 2 other companies
Simon Coles Director Sep 1968 9 Sep 2026 2 other companies
INDIGO CORPORATE SECRETARY LIMITED Corporate secretary Not published 22 Jan 2024 –

Other companies run by these 5 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
47
closed down
23
are FCA-registered
8

In the full report: all 47 companies, named

  • What each company does, and whether it is still trading
  • Which of these 5 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The 8 on the FCA register, including 4 no longer authorised
  • The 7 companies these 5 directors run together
  • All 17 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2024Full accountsAudited

Turnover

£2.98m

+38% from £2.15m

Profit before tax

£1.99m

+74% from £1.14m

Net assets

£4.24m

+54% from £2.74m

Cash at bank

£3.11m

+351% from £690k

* 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 08633289. 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

Paypoint Payment Services’s history from the FCA register and Companies House, newest first.

2018

1 March 2018

  • Became an authorised payment institution

FCA register

28 February 2018

  • No longer regulated by the FCA

FCA register

2016

6 April 2016

  • Paypoint PLC took control (75–100% of shares)

Companies House

2014

1 October 2014

  • Regulated by the FCA from this date
  • FCA imposed a requirement (Requirement on PSD Agent Activities)

FCA register

2013

1 August 2013

  • Incorporated at Companies House

Companies House

In the full report: all 35 events

  • All 35 events in its history (6 shown here)
  • Every director appointment and resignation: 29
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Firms connected to Paypoint Payment Services

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

connected firms
8
no longer authorised
1
share a director
8

In the full report: all 8 connected firms, named

  • How each is linked: shared directors (8), the same phone number (3), the same postcode (5)
  • Who links each one: the named directors, with dates
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Firms like Paypoint Payment Services

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

In Hertfordshire

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 Paypoint Payment Services

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

  • 47 other companies its directors have run, named
  • 2 background checks on its contact details
  • All 35 events in its history
  • 8 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Paypoint Payment Services Limited FCA authorised?
Yes, Paypoint Payment Services Limited (FRN 608277) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since March 2018 and works as a payment or money transfer firm. The FCA has placed a limit on what it may do.
What is Paypoint Payment Services’ phone number?
The FCA register lists the phone number 01707 600300 for Paypoint Payment Services. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by 4 other FCA firms, one of which is no longer authorised.
Is Paypoint Payment Services a scam or clone?
Paypoint Payment 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 Paypoint Payment Services?
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 Paypoint Payment Services to the Financial Ombudsman Service, free of charge.
Who owns Paypoint Payment Services?
Paypoint Payment Services is owned by Paypoint PLC, which holds 75–100% of shares, 75–100% of votes, can appoint and remove the board and significant influence or control, since 6 April 2016.
Who runs Paypoint Payment Services?
Companies House lists 5 directors of Paypoint Payment Services: Christopher Richard Thomas Paul, Niamh Margaret Young, David Robert Harding, Josephine Sarah Anne Toolan and Simon Coles.
How long has Paypoint Payment Services been in business?
The company was formed on 1 August 2013, and has held its current FCA authorisation since March 2018.
What do Paypoint Payment Services’ latest accounts show?
Its latest accounts, to 31 March 2024, show turnover of £2.98m (+38% from £2.15m) and profit before tax of £1.99m (+74% from £1.14m).

Sources and links

The full report on Paypoint Payment Services Limited

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