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 6 August 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 7373 5447
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Last known address
318 Earls Court Road, London, SW5 9BQ, United Kingdom
In the full report: 2 background checks
- What kind of line 020 7373 5447 is
- Who else gives the postcode SW5 9BQ
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
- 03375709 (opens Companies House in a new tab)
- Company status
- Dissolved
- Company type
- Private limited company
- Incorporated
- 23 May 1997 (29 years old)
- Registered office
- Matches the FCA register address ✓
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Ahmed Haji Ashraf | Director | Apr 1962 | 1 Nov 2000 | None |
In the full report: every company its directors have run
- Confirmation that its director runs no other company
- All 6 people who have been directors, with their dates
Filed accounts and finances
Net assets
£562k
−4% from £586k
Cash at bank
£69.8k
−27% from £95.3k
Assets and liabilities
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 03375709. 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
Raffles Exchange’s history from the FCA register and Companies House, newest first.
2018
30 October 2018
- Company dissolved
Companies House
2016
6 April 2016
- Ahmed Ashraf Ashraf took control (75–100% of shares)
Companies House
2013
1 April 2013
- Regulated by the FCA from this date
FCA register
2012
6 August 2012
- Status on the FCA register became "Cancelled - Small PI"
FCA register
2009
1 November 2009
- Regulated by the Financial Services Authority from this date
FCA register
15 July 2009
- Supervised by HMRC under the money laundering rules from this date
FCA register
1997
23 May 1997
- Incorporated at Companies House
Companies House
In the full report: all 19 events
- All 19 events in its history (7 shown here)
- Every director appointment and resignation: 11
Firms like Raffles 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 Raffles Exchange
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- Every company its directors have run, named
- 2 background checks on its contact details
- All 19 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