Peniel Services Limited

Reference number: 628917

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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, 1 thing worth a closer look

  • When bugamoney.com first appeared online, and whether it can receive email
  • What kind of line 07948 972125 is
  • Who else gives the postcode IG8 8NA
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Other names (2)

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

  • Buga Money Trading name
  • Peniel Money Transfer 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
05689465
Company status
Active
Company type
Private limited company
Incorporated
27 January 2006 (20 years old)
Registered office
175 Roding Lane North, Woodford Green, IG8 8NA, England
Nature of business
  • Combined office administrative service activities (SIC 82110)

Directors and company secretaries

Name Role Born Appointed Other companies
Aderemi Bolanle Quadri Director Oct 1974 1 May 2023 1 other company

Other companies run by its director

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 company
1
closed down
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • All 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 January 2025Micro-entity accountsNot audited

Net assets

£2,900

Up £2,800 from £100

Employees (average)

1

Same as 1

Owed within a year

£4,460

Up £4,460 from £0

Net assets

In the full report: all 7 years of accounts

  • Every year from 2019 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.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 05689465. 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

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

Key events (7) All events (13)

2023

1 April 2023

  • Aderemi Bolanle Quadri took control (75–100% of shares)
  • Alex Emamoke Egbowawa gave up control

Companies House

2018

31 October 2018

  • Registered as a small payment institution

FCA register

2016

6 April 2016

  • Alex Emamoke Egbowawa took control (75–100% of shares)

Companies House

2014

23 July 2014

  • Regulated by the FCA from this date

FCA register

2009

14 July 2009

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

FCA register

2006

27 January 2006

  • Incorporated at Companies House

Companies House

In the full report: all 13 events

  • All 13 events in its history (7 shown here)
  • Every director appointment and resignation: 3
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Firms like Peniel Services

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

In the Ilford (IG) postcode area

Global- Investment Ukay LimitedBarkingRegisteredHuveane Capital LtdBarkingRegisteredKonnekt Business Services LtdBarkingRegisteredRemitrise LtdLondonRegisteredRoze Int (Pvt) LtdLondonAuthorisedSuper Transfer UK LtdRegistered

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 Peniel Services

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

  • 1 other company its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • 7 years of accounts, charted
  • All 13 events in its history

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Frequently asked questions about this firm

Is Peniel Services Limited FCA authorised?
Yes, Peniel Services Limited (FRN 628917) is registered with the FCA and permitted to provide its regulated services.
What is Peniel Services’ phone number and website?
The FCA register lists the phone number 07948 972125 and the website bugamoney.com for Peniel Services. If you were given different contact details, use these to check with the firm before going any further.
Is Peniel Services a scam or clone?
Peniel 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 Peniel Services?
Protection depends on which product you hold and how Peniel Services handles your money, so check the specific product before you commit. You can also refer complaints about Peniel Services to the Financial Ombudsman Service, free of charge.
Who owns Peniel Services?
Companies House lists one person with significant control of Peniel Services: Mrs Aderemi Bolanle Quadri (75–100% of shares). Before that, it was controlled by Mr Alex Emamoke Egbowawa.
Who runs Peniel Services?
Companies House lists one director of Peniel Services: Aderemi Bolanle Quadri.
How long has Peniel Services been in business?
The company was formed on 27 January 2006, and has held its current FCA authorisation since October 2018.
What do Peniel Services’ latest accounts show?
Its latest accounts, to 31 January 2025, show net assets of £2,900 (up £2,800 from £100).
Does Peniel Services use any other names?
It trades as Buga Money. It has previously used the name Peniel Money Transfer.

Sources and links

The full report on Peniel Services Limited

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