Paystrax Ltd: FCA regulated?

Authorised by the FCA

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

Authorised for 3 years
Your funds are safeguarded
No FCA actions
Active company since 2019
Accounts filed up to 31 March 2022

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.

Website

paystrax.com (opens in a new tab)
Phone number

0354 861 2400
Address

Paystrax Ltd, London Bridge - More London, 3 More London, London, SE1 2RE, United Kingdom

In the full report: 3 background checks

When paystrax.com first appeared online, and whether it can receive email
What kind of line 0354 861 2400 is
Who else gives the postcode SE1 2RE

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 (1 permission)

5. Issuing and/or acquiring of payment instruments.

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: 11875619 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 12 March 2019 (7 years old)
Registered office: London Bridge - More London, 3 More London, London, SE1 2RE, England
Nature of business: Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Johannes Ingi Kolbeinsson	Director	Sep 1969	12 Mar 2019	None
Gunnar Mar Gunnarsson	Director	Aug 1971	17 May 2022	4 other companies
Andrea Kristin Jonsdottir	Director	Jul 1966	17 May 2022	None
David Masson	Director	May 1968	17 May 2022	None

Other companies run by these 4 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: 4
closed down: 2
is FCA-registered: 1

In the full report: all 4 companies, named

What each company does, and whether it is still trading
Which of these 4 directors sit on each board, and since when
Any that went into liquidation or administration
The one on the FCA register

Filed accounts and finances

Year to 31 March 2022Dormant company accountsNot audited

Net assets

£1,002

Same as £1,002

These accounts were filed as dormant: the company reported no significant trading in the period.

Net assets

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 11875619. Figures are exactly as filed; nothing is estimated.

Key dates in its history

Paystrax’s history from the FCA register and Companies House, newest first.

Key events (8) All events (12)

2024

31 July 2024

Gunnar Mar Gunnarsson stopped being a part-owner
Johannes Ingi Kolbeinsson stopped being a part-owner
Paystrax Group Ltd took control (75–100% of shares)

Companies House

2023

29 May 2023

Regulated by the FCA from this date
Became an authorised payment institution

FCA register

2019

12 March 2019

Incorporated at Companies House
Gunnar Mar Gunnarsson became a part-owner (25–50% of shares)
Johannes Ingi Kolbeinsson became a part-owner (25–50% of shares)

Companies House

In the full report: all 12 events

All 12 events in its history (8 shown here)
Every director appointment and resignation: 4

Firms connected to Paystrax

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

connected firms: 5
share a director: 1
share its postcode: 4

In the full report: all 5 connected firms, named

How each is linked: shared directors (1), the same postcode (4)
Who links each one: the named directors, with dates

Firms like Paystrax

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

In London

Uber Payments UK LimitedLondonAuthorised Wise Payments LimitedLondonAuthorised Forisgfs UK LimitedLondonAuthorised Wepay Payments Ltd.LondonAuthorised Airbnb Payments UK LimitedLondonAuthorised Mollie UK Ltd.LondonAuthorised

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 Paystrax

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

4 other companies its directors have run, named
3 background checks on its contact details
All 12 events in its history
5 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Paystrax Ltd FCA authorised?

Yes, Paystrax Ltd (FRN 976717) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since May 2023 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.

What is Paystrax’s phone number and website?

The FCA register lists the phone number 0354 861 2400 and the website paystrax.com for Paystrax. If you were given different contact details, use these to check with the firm before going any further.

Is Paystrax a scam or clone?

Paystrax 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 Paystrax?

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 Paystrax to the Financial Ombudsman Service, free of charge.

Who owns Paystrax?

Paystrax is owned by Paystrax Group Ltd, which holds 75–100% of shares, since 31 July 2024. Before that, it was controlled by Mr Johannes Ingi Kolbeinsson and Mr. Gunnar Mar Gunnarsson.

Who runs Paystrax?

Companies House lists 4 directors of Paystrax: Johannes Ingi Kolbeinsson, Gunnar Mar Gunnarsson, Andrea Kristin Jonsdottir and David Masson.

How long has Paystrax been in business?

The company was formed on 12 March 2019, and has held its current FCA authorisation since May 2023.

What do Paystrax’s latest accounts show?

Its latest accounts, to 31 March 2022, show net assets of £1,002 (same as £1,002).