Authorised, but in an insolvency process
This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.
- No FCA actions
- Accounts filed up to 31 March 2024
- Company: in administration
- Accounts are overdue at Companies House
- Confirmation statement is overdue at Companies House
What the FCA says
ATTENTION - Firm in an insolvency process
This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).
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
-
Phone number
-
Address
Nicholas Simmonds and Chris Newell, Quantuma Advisory Limited, 1st Floor, 21 Station Road, Watford, Herts, WD17 1AP, United Kingdom
In the full report: 2 background checks
- What kind of line 01923 954170 is, and the other firm that gives it
- Who else gives the postcode WD17 1AP
Other names (1)
If you were contacted under any of these names, it is this firm.
- Raft Furniture Trading name: A name it trades under now.
Past FCA permissions and consumer protection
- In an insolvency processMoney the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (1 permission)
- Credit Broking
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 in administration, but it is still authorised on the FCA register.
- Accounts are overdue at Companies House.
- Confirmation statement is overdue at Companies House.
- This company has insolvency history on record.
- Company number
- 03708844 (opens Companies House in a new tab)
- Company status
- Administration
- Company type
- Private limited company
- Incorporated
- 5 February 1999 (27 years old)
- Registered office
- 1st Floor, 21 Station Road, Watford, Herts, WD17 1AP
- Nature of business
-
- Retail of furniture, lighting, and similar (not musical instruments or scores) in specialised store (SIC 47599)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Michael Quinn | Director | Sep 1963 | 4 Mar 1999 | 2 other companies |
| Heinz Frye | Director | Nov 1961 | 1 Oct 2001 | 3 other companies |
| Heinz Frye | Secretary | Not published | 1 Oct 2001 | 3 other companies |
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
- 4
- closed down
- 1
- went insolvent
- 1
In the full report: all 4 companies, named
- What each company does, and whether it is still trading
- Which of these 2 directors sit on each board, and since when
- The one that went into liquidation or administration
- The 1 company these 2 directors run together
- All 3 people who have ever been directors, with their dates
Filed accounts and finances
Net assets
£154k
+41% from £109k
Employees (average)
36
−5.3% from 38
Owed within a year
£1.30m
+15% from £1.13m
Its next accounts are overdue at Companies House.
Assets and liabilities
In the full report: all 5 years of accounts
- Every year from 2020 to 2024
- The chart, over every year
- Every filed figure, year by year
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 03708844. 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
Raft’s history from the FCA register and Companies House, newest first.
2016
6 April 2016
- Heinz Frye became a part-owner (25–50% of shares)
- Michael Quinn became a part-owner (25–50% of shares)
Companies House
3 February 2016
- Regulated by the FCA from this date
- Became authorised by the FCA
FCA register
1999
5 February 1999
- Incorporated at Companies House
Companies House
In the full report: all 10 events
- All 10 events in its history (5 shown here)
- Every director appointment and resignation: 2
Firms connected to Raft
Other FCA-listed firms that share a director, phone number or address with Raft. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 3
- no longer authorised
- 1
- share its phone number
- 1
In the full report: all 3 connected firms, named
- How each is linked: the same phone number (1), the same postcode (3)
- Who links each one: the named directors, with dates
Firms like Raft
Other firms of the same type (retailer), nearest first.
In Watford
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 Raft
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 4 other companies its directors have run, named
- 2 background checks on its contact details
- 5 years of accounts, charted
- All 10 events in its history
- 3 connected firms, named, and who links them
Instant PDF One-off payment Secure checkout by Stripe
Frequently asked questions about this firm
Is Raft limited FCA authorised?
What is Raft’s phone number?
Is Raft a scam or clone?
Is my money safe with Raft?
Who owns Raft?
Who runs Raft?
How long has Raft been in business?
What do Raft’s latest accounts show?
Does Raft use any other names?
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