Paywastoon Money Transfer Ltd

Reference number: 732508

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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

  • When paywastoonmoneytransfer.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 3737 4600 is
  • Who else gives the postcode HA1 2UF
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Other names (4)

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

  • Paywastoon Trading name
  • Balogs Limited Former name
  • Balogs Former trading name
  • Send Wise Former trading name

FCA permissions and consumer protection

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.
  • 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)
  • 6. Money remittance.

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
08917475
Company status
Active
Company type
Private limited company
Incorporated
28 February 2014 (12 years old)
Registered office
9b Station Road, 9b Station Road, Harrow, HA1 2UF, England
Nature of business
  • Management consultancy activities other than financial management (SIC 70229)

Directors and company secretaries

Name Role Born Appointed Other companies
Zubair Hazarbuz Director Aug 1995 22 Mar 2025 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • Both people who have been directors, with their dates
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Filed accounts and finances

Year to 28 February 2025Dormant company accountsNot audited

Net assets

£1

−100% from £72.2k

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

Assets and liabilities

In the full report: all 6 years of accounts

  • Every year from 2020 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.

Accounts filed at Companies House for company 08917475. 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

Paywastoon Money Transfer’s history from the FCA register and Companies House, newest first.

Key events (8) All events (16)

2025

7 May 2025

  • Changed its registered name from "Balogs Limited"

FCA register

21 April 2025

  • Azeez Olatunde Balogun gave up control

Companies House

22 March 2025

  • Zubair Hazarbuz became a part-owner (25–50% of shares)

Companies House

2018

22 October 2018

  • Registered as a small payment institution

FCA register

2016

7 April 2016

  • Azeez Olatunde Balogun took control (75–100% of shares)

Companies House

15 March 2016

  • Regulated by the FCA from this date

FCA register

1 February 2016

  • Supervised by HMRC under the money laundering rules from this date

FCA register

2014

28 February 2014

  • Incorporated at Companies House

Companies House

In the full report: all 16 events

  • All 16 events in its history (8 shown here)
  • Every director appointment and resignation: 3
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Firms connected to Paywastoon Money Transfer

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

connected firm
1
no longer authorised
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Paywastoon Money Transfer

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

In the Harrow (HA) postcode area

AMO Money Transfer & Exchange LtdHarrowRegisteredAR Worldwide Services LtdHarrowRegisteredAsiana Money Transfer & Exchange LimitedEdgwareRegisteredBahar Money Transfer LtdEdgwareRegisteredCapital Remittance LtdHarrowRegisteredDigisend LtdWembleyRegistered

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 Paywastoon Money Transfer

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

  • Every company its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 16 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Paywastoon Money Transfer Ltd FCA authorised?
Yes, Paywastoon Money Transfer Ltd (FRN 732508) is registered with the FCA and permitted to provide its regulated services.
What is Paywastoon Money Transfer’s phone number and website?
The FCA register lists the phone number 020 3737 4600 and the website paywastoonmoneytransfer.co.uk for Paywastoon Money Transfer. If you were given different contact details, use these to check with the firm before going any further.
Is Paywastoon Money Transfer a scam or clone?
Paywastoon Money Transfer 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 Paywastoon Money Transfer?
Protection depends on which product you hold and how Paywastoon Money Transfer handles your money, so check the specific product before you commit. You can also refer complaints about Paywastoon Money Transfer to the Financial Ombudsman Service, free of charge.
Who owns Paywastoon Money Transfer?
Companies House lists one person with significant control of Paywastoon Money Transfer: Mr Zubair Hazarbuz (25–50% of shares). Before that, it was controlled by Mr Azeez Olatunde Balogun.
Who runs Paywastoon Money Transfer?
Companies House lists one director of Paywastoon Money Transfer: Zubair Hazarbuz.
How long has Paywastoon Money Transfer been in business?
The company was formed on 28 February 2014, and has held its current FCA authorisation since October 2018.
What do Paywastoon Money Transfer’s latest accounts show?
Its latest accounts, to 28 February 2025, show net assets of £1 (−100% from £72.2k).
Does Paywastoon Money Transfer use any other names?
It trades as Paywastoon. It has previously used 3 other names: Balogs Limited, Balogs and Send Wise.

Sources and links

The full report on Paywastoon Money Transfer Ltd

£19.99 · Instant PDF download

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