No longer authorised
This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 14 November 2012.
This company holds another FCA record
A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.
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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Last known phone number
020 7680 7680
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Last known address
22 Hessel Street, London, E1 2LP, United Kingdom
In the full report: 2 background checks
- What kind of line 020 7680 7680 is
- Who else gives the postcode E1 2LP
Past FCA permissions and consumer protection
- The record is closedCover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.
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.
Concerns on the company record
- Companies House records this company as dissolved.
- Company number
- 03841285 (opens Companies House in a new tab)
- Company status
- Dissolved
- Company type
- Private limited company
- Incorporated
- 14 September 1999 (27 years old)
- Registered office
- 962 Eastern Avenue, Ilford, Essex, IG2 7JD
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Naeem Butt | Director | May 1961 | 6 Sep 2004 | None |
| Naeem Butt | Director | Aug 1969 | 20 Jan 2009 | None |
In the full report: every company its directors have run
- Confirmation that these 2 directors run no other company
- All 5 people who have been directors, with their dates
Filed accounts and finances
Total equity
−£3,690
No earlier figure to compare
Owed within a year
£4,514
Same as £4,514
Total equity is negative: on its last balance sheet the company owed £3,690 more than it owned.
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 03841285. 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
Prime Currency Exchange’s history from the FCA register and Companies House, newest first.
2019
12 February 2019
- Company dissolved
Companies House
2016
6 April 2016
- Naeem Butt took control (75–100% of shares)
Companies House
2013
1 April 2013
- Regulated by the FCA from this date
FCA register
2012
14 November 2012
- Status on the FCA register became "Cancelled - Small PI"
FCA register
2010
1 July 2010
- Regulated by the Financial Services Authority from this date
- Supervised by HMRC under the money laundering rules from this date
FCA register
1999
14 September 1999
- Incorporated at Companies House
Companies House
In the full report: all 14 events
- All 14 events in its history (7 shown here)
- Every director appointment and resignation: 6
Firms like Prime Currency Exchange
Other firms of the same type (payment or money transfer firm), nearest first.
In London
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Get the full report on Prime Currency Exchange
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- Every company its directors have run, named
- 2 background checks on its contact details
- All 14 events in its history
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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
- Report a scam to the FCA fca.org.uk