Penny Limited

Reference number: 1001275

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On the register, but not FCA authorised

This firm is registered with the FCA for anti-money-laundering checks only, which is why it appears on the register. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.

What does this mean?
  • Some businesses are required by law to have an anti-money-laundering supervisor. For this kind of business that supervisor is the FCA, and the registration is the only reason the firm appears on the FCA register.
  • What the FCA checks is narrow: that the firm identifies its customers, keeps records, and reports suspicious activity. It is the anti-crime paperwork behind a bank asking you for ID.
  • It does not check anything about you as a customer. Not whether the firm treats you fairly, not whether it is financially sound, not whether what it sells is any good. The FCA describes firms registered this way as “not authorised or subject to wider FCA regulation”.
  • So if the firm fails or treats you badly, there is no FSCS compensation, and the Financial Ombudsman Service usually cannot look at a complaint about unregulated business.

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

  • No phone number on the FCA register

  • Address

    Archibald House, 50-56 Wykes Bishop Street, Ipswich, IP3 0DT, United Kingdom

In the full report: 1 background check

  • Who else gives the postcode IP3 0DT
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Other names (1)

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

  • Penny Freedom Trading name

Past FCA permissions and consumer protection

  • Money-laundering registration only
    This firm is registered for anti-money-laundering supervision only. It is not FCA-authorised. Money you hand over is not protected by the FSCS, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.

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
11972051
Company status
Active
Company type
Private limited company
Incorporated
1 May 2019 (7 years old)
Registered office
Archibald House, 50-56 Wykes Bishop Street, Ipswich, IP3 0DT, England
Nature of business
  • Factoring (SIC 64992)

Directors and company secretaries

Name Role Born Appointed Other companies
Mark Alan Tuvey Director Jul 1978 5 Oct 2023 3 other companies

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 companies
3
still active
2
went insolvent
1

In the full report: all 3 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • The one that went into liquidation or administration
  • All 8 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 May 2025Abridged accountsNot audited

Profit before tax

−£30.3k

Up £374k from −£404k

Net assets

−£904k

Up £970k from −£1.87m

Cash at bank

£1.17m

−61% from £2.98m

Employees (average)

16

+14% from 14

Net assets are negative: on its last balance sheet the company owed £904k more than it owned.

Profit before tax

In the full report: all 6 years of accounts

  • Every year from 2020 to 2025
  • Both charts, 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 11972051. 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

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

Key events (5) All events (21)

2026

13 April 2026

  • Daniel McPherson gave up control
  • Peter John Tuvey took control (75–100% of shares)

Companies House

2024

9 February 2024

  • Registered with the FCA

FCA register

2019

1 May 2019

  • Incorporated at Companies House
  • Daniel McPherson took control (75–100% of shares)

Companies House

In the full report: all 21 events

  • All 21 events in its history (5 shown here)
  • Every director appointment and resignation: 15
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Get the full report on Penny

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

  • 3 other companies its directors have run, named
  • 1 background check on its contact details
  • 6 years of accounts, charted
  • All 21 events in its history

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Frequently asked questions about this firm

Is Penny Limited FCA authorised?
Penny Limited (FRN 1001275) is registered with the FCA under the Money Laundering Regulations only. That is anti-money-laundering supervision, not FCA authorisation, and the FCA does not supervise the firm's conduct.
Is Penny a scam or clone?
Penny is genuinely on the FCA's money-laundering register, so it is not an outright fake, but registration is not authorisation, and scammers impersonate registered firms too. Verify contact details against the register before sending money.
Is my money safe with Penny?
Money you hand to Penny is not protected by the FSCS. Money-laundering registration carries no compensation scheme, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.
Who owns Penny?
Companies House lists one person with significant control of Penny: Mr Peter John Tuvey (75–100% of shares). Before that, it was controlled by Mr Daniel McPherson.
Who runs Penny?
Companies House lists one director of Penny: Mark Alan Tuvey.
How long has Penny been in business?
The company was formed on 1 May 2019.
What do Penny’s latest accounts show?
Its latest accounts, to 31 May 2025, show profit before tax of −£30.3k (up £374k from −£404k) and net assets of −£904k (up £970k from −£1.87m).
Does Penny use any other names?
It trades as Penny Freedom.

Sources and links

The full report on Penny Limited

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