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
6th Floor, One London Wall, London, EC2Y 5EB, United Kingdom
In the full report: 1 background check
- Who else gives the postcode EC2Y 5EB
Other names (2)
If you were contacted under any of these names, it is this firm.
- Krak Trading name: A name it trades under now.
- Kraken 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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Payward Services Limited is required to refrain from providing account information services or payment initiation services
The institution is required to refrain from providing account information services or payment initiation services for an indefinite period
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Agents and distributors
The firm will not onboard any agents or use any distributors.
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Unrelated payment services
The firm will not provide any payment services which are not related to the issuing of e-money (i.e. unrelated payment services)
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Director or person responsible for management at the firm
The firm will appoint a UK based independent non executive director to the board within 12 months of authorisation
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
- 12861311 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 7 September 2020 (6 years old)
- Registered office
- 6th Floor One London Wall, London, EC2Y 5EB, 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 |
|---|---|---|---|---|
| Bivu Das | Director | Mar 1984 | 30 Nov 2023 | 3 other companies |
| Mathieu Doidy | Director | Sep 1979 | 17 Dec 2024 | None |
| Natasha Isobel Louise Powell | Director | Oct 1979 | 17 Dec 2024 | 2 other companies |
| Louise Marie Smith | Director | Jun 1972 | 10 Feb 2026 | 7 other companies |
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
- 11
- still active
- 11
- are FCA-registered
- 6
In the full report: all 11 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 6 on the FCA register, including 2 no longer authorised
- The 1 company these 4 directors run together
- All 12 people who have ever been directors, with their dates
Filed accounts and finances
Profit before tax
£113k
Up £113k from £29
Total equity
£6.07m
+158% from £2.35m
Owed within a year
£429.8m
Up £429.5m from £314k
Profit before tax
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 12861311. Figures are exactly as filed; nothing is estimated.
Key dates in its history
Payward Services’s history from the FCA register and Companies House, newest first.
2025
20 February 2025
- Regulated by the FCA from this date
- FCA imposed a requirement (Agents and distributors)
- FCA imposed a requirement (Director or person responsible for management at the firm)
- FCA imposed a requirement (Payward Services Limited is required to refrain from providing account information services or payment initiation services)
- FCA imposed a requirement (Unrelated payment services)
- Became an authorised e-money institution
FCA register
2020
7 September 2020
- Incorporated at Companies House
- Norose Company Secretarial Services Limited gave up control
- Norose Company Secretarial Services Limited took control (75–100% of shares)
Companies House
In the full report: all 33 events
- All 33 events in its history (9 shown here)
- Every director appointment and resignation: 22
Firms connected to Payward Services
Other FCA-listed firms that share a director, phone number or address with Payward Services. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 3
- share a director
- 3
- share its postcode
- 1
In the full report: all 3 connected firms, named
- How each is linked: shared directors (3), the same postcode (1)
- Who links each one: the named directors, with dates
- 3 past links through former directors
Firms like Payward Services
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 Payward Services
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 11 other companies its directors have run, named
- 1 background check on its contact details
- All 33 events in its history
- 3 connected firms, named, and who links them
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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