PropFin Ltd

Reference number: 768951

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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.

In the full report: 3 background checks

  • When propfin.com first appeared online, and whether it can receive email
  • What kind of line 020 3893 7975 is
  • Who else gives the postcode BR1 3AA
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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
09885474
Company status
Active
Company type
Private limited company
Incorporated
24 November 2015 (10 years old)
Registered office
Kalumu House, 11 Coldbath Square, London, London, EC1R 5HL, England
Nature of business
  • Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)

Directors and company secretaries

Name Role Born Appointed Other companies
Engin Ertosun Director Oct 1976 24 Nov 2015 10 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
10
closed down
1
still active
9

In the full report: all 10 companies, 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 5 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Full accountsNot audited

Net assets

−£5.39m

Up £1.41m from −£6.80m

Cash at bank

£2,152

−100% from £494k

Employees (average)

1

Same as 1

Owed within a year

£4.25m

+14% from £3.74m

Net assets are negative: on its last balance sheet the company owed £5.39m more than it owned.

Net assets

In the full report: all 4 years of accounts

  • Every year from 2022 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 09885474. 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

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

Key events (6) All events (15)

2022

23 November 2022

  • Engin Ertosun gained significant control
  • Osman Ertosun gained significant control

Companies House

2020

4 April 2020

  • Rusen Osman Ertosun no longer has significant control

Companies House

2017

26 January 2017

  • Registered with the FCA

FCA register

2016

30 June 2016

  • Rusen Osman Ertosun gained significant control

Companies House

2015

24 November 2015

  • Incorporated at Companies House

Companies House

In the full report: all 15 events

  • All 15 events in its history (6 shown here)
  • Every director appointment and resignation: 9
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Get the full report on PropFin

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

  • 10 other companies its directors have run, named
  • 3 background checks on its contact details
  • 4 years of accounts, charted
  • All 15 events in its history

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Frequently asked questions about this firm

Is PropFin Ltd FCA authorised?
PropFin Ltd (FRN 768951) 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.
What is PropFin’s phone number and website?
The FCA register lists the phone number 020 3893 7975 and the website propfin.com for PropFin. If you were given different contact details, use these to check with the firm before going any further.
Is PropFin a scam or clone?
PropFin 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 PropFin?
Money you hand to PropFin 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 PropFin?
Companies House lists 2 people with significant control of PropFin: Mr Osman Ertosun (significant influence or control) and Mr Engin Ertosun (significant influence or control). Before that, it was controlled by Mr. Rusen Osman Ertosun.
Who runs PropFin?
Companies House lists one director of PropFin: Engin Ertosun.
How long has PropFin been in business?
The company was formed on 24 November 2015.
What do PropFin’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of −£5.39m (up £1.41m from −£6.80m) and cash at bank of £2,152 (−100% from £494k).

Sources and links

The full report on PropFin Ltd

£19.99 · Instant PDF download

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