Policy Excess Insure Ltd

Reference number: 836031

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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.

In the full report: 3 background checks

  • When nova-direct.com first appeared online, and whether it can receive email
  • What kind of line 020 3745 2814 is
  • Who else gives the postcode RM3 8QQ
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Other names (6)

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

  • Beat That Quotes Trading name
  • Nova Direct Trading name
  • PEX Direct Trading name
  • PEX Insure Trading name
  • ZugarZnap Trading name
  • www.beatthatquotes.com Former trading name

FCA permissions and consumer protection

  • Hold or safeguard your money · Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Sell or arrange insurance FSCS may apply
    Eligible insurance claims may be FSCS-protected, often 90%, or 100% for compulsory or long-term cover.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Claims management No FSCS cover
    Money you pay a claims company is not FSCS protected, but FCA rules cap what it may charge you for a financial services claim. Complaints about this firm go to the Financial Ombudsman Service free of charge.
  • 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 (7 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Arranging (bringing about) deals in investments
  • Assisting in the administration and performance of a contract of insurance
  • Credit Broking
  • Dealing in investments as agent
  • Making arrangements with a view to transactions in investments
  • Seeking out, referrals and identification of claims or potential claims (personal injury claim; financial services or financial product claim; housing disrepair claim; claim for a specified benefit; criminal injury claim; employment related claim)

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
10706852
Company status
Active
Company type
Private limited company
Incorporated
4 April 2017 (9 years old)
Registered office
3 Redwing Court, Romford, Essex, RM3 8QQ, England
Nature of business
  • Non-life insurance (SIC 65120)

Directors and company secretaries

Name Role Born Appointed Other companies
Byron Lindon Shepherd Director Aug 1983 4 Apr 2017 2 other companies
Grant Joiner Director May 1982 1 Oct 2020 1 other company
Byron Shepherd Secretary Not published 4 Apr 2017 –

Other companies run by these 2 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
3
closed down
1
still active
2

In the full report: all 3 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 5 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 April 2026Abridged accountsNot audited

Net assets

£174k

+103% from £85.8k

Cash at bank

£743k

+27% from £583k

Employees (average)

0

Same as 0

Owed within a year

£19.5k

Up £18.5k from £959

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2020 to 2026
  • 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 10706852. 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

Policy Excess Insure’s history from the FCA register and Companies House, newest first.

Key events (8) All events (25)

2025

1 January 2025

  • Byron Lindon Shepherd stopped being a part-owner
  • Pex Holdings Ltd took control (75–100% of shares)

Companies House

2019

6 August 2019

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2017

11 December 2017

  • Carlos Eduardo Perestrelo Correia stopped being a part-owner

Companies House

4 April 2017

  • Incorporated at Companies House
  • Byron Lindon Shepherd became a part-owner (25–50% of shares)
  • Carlos Eduardo Perestrelo Correia became a part-owner (25–50% of shares)

Companies House

In the full report: all 25 events

  • All 25 events in its history (8 shown here)
  • Every director appointment and resignation: 8
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Firms connected to Policy Excess Insure

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

connected firms
3
share its postcode
3

In the full report: all 3 connected firms, named

  • How each is linked: the same postcode (3)
  • Who links each one: the named directors, with dates
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Firms like Policy Excess Insure

Other firms of the same type (insurance broker), nearest first.

In Romford

Hcl Insurance Bpo Services LimitedRomfordAuthorisedApc London Market LimitedRomfordAuthorisedK.S.L. Thomas & Co. LimitedRomfordAuthorisedNeville Munro Associates LtdRomfordAuthorisedNova Insurance LimitedRomfordAuthorisedQuote 123 LtdRomfordAuthorised

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 Policy Excess Insure

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
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 25 events in its history
  • 3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Policy Excess Insure Ltd FCA authorised?
Yes, Policy Excess Insure Ltd (FRN 836031) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since August 2019 and works as an insurance broker. The FCA has placed no limits on its permissions.
What is Policy Excess Insure’s phone number and website?
The FCA register lists the phone number 020 3745 2814 and the website nova-direct.com for Policy Excess Insure. If you were given different contact details, use these to check with the firm before going any further.
Is Policy Excess Insure a scam or clone?
Policy Excess Insure 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 Policy Excess Insure?
It is permitted to hold and control client money, which it must keep separate from its own. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Policy Excess Insure to the Financial Ombudsman Service, free of charge.
Who owns Policy Excess Insure?
Policy Excess Insure is owned by Pex Holdings Ltd, which holds 75–100% of shares, since 1 January 2025. Before that, it was controlled by Mr Carlos Eduardo Perestrelo Correia and Mr Byron Lindon Shepherd.
Who runs Policy Excess Insure?
Companies House lists 2 directors of Policy Excess Insure: Byron Lindon Shepherd and Grant Joiner.
How long has Policy Excess Insure been in business?
The company was formed on 4 April 2017, and has held its current FCA authorisation since August 2019.
What do Policy Excess Insure’s latest accounts show?
Its latest accounts, to 30 April 2026, show net assets of £174k (+103% from £85.8k) and cash at bank of £743k (+27% from £583k).
Does Policy Excess Insure use any other names?
It trades as Beat That Quotes, Nova Direct, PEX Direct, PEX Insure and ZugarZnap. It has previously used the name www.beatthatquotes.com.

Sources and links

The full report on Policy Excess Insure Ltd

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