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
- 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.
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No website on the FCA register
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No phone number on the FCA register
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Address
Interpath Ltd, 10 Fleet Place, London, EC4M 7QS, United Kingdom
In the full report: 1 background check
- Who else gives the postcode EC4M 7QS
Other names (1)
If you were contacted under any of these names, it is this firm.
- RationalFX Trading name: A name it trades under now.
Warning
Scammers have impersonated this firm
Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.
Fake email addresses (1)
- seth.morrisson@crypto-capital365.com
Fake websites (1)
- crypto-trade365.com
The FCA warning these came from
- Crypto-Trade 365 25 April 2022
Scammers change these details often. Always check the live FCA warning.
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 (4 permissions)
- 1. Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account.
- 3. Executing payment transactions (no credit line)
- 5. Issuing and/or acquiring of payment instruments.
- 6. Money remittance.
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.
The clone warnings above are scammers using this firm's name, not something the firm has done.
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
- 05385999 (opens Companies House in a new tab)
- Company status
- Administration
- Company type
- Private limited company
- Incorporated
- 8 March 2005 (21 years old)
- Registered office
- C/O INTERPATH LTD, 10 Fleet Place, London, EC4M 7RB
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Paresh Davdra | Director | Mar 1980 | 8 Mar 2005 | 6 other companies |
| Jigar Bipinchandra Shah | Director | Nov 1981 | 22 Apr 2020 | 6 other companies |
| Amir Karmacharya | Secretary | Not published | 6 Dec 2010 | – |
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
- 10
- closed down
- 4
- went insolvent
- 1
In the full report: all 10 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 2 companies these 2 directors run together
- All 9 people who have ever been directors, with their dates
Key dates in its history
Rational Foreign Exchange’s history from the FCA register and Companies House, newest first.
2022
25 April 2022
- FCA warned the public about a scam impersonating this firm
FCA warning list
2018
25 May 2018
- Became an authorised payment institution
FCA register
2017
1 March 2017
- Rajesh Agrawal became the majority owner (50–75% of shares)
Companies House
2016
4 October 2016
- Paresh Kishor Davdra gained 25–50% of the votes
Companies House
2013
1 April 2013
- Regulated by the FCA from this date
FCA register
2009
1 November 2009
- Regulated by the Financial Services Authority from this date
FCA register
6 October 2009
- Supervised by HMRC under the money laundering rules from this date
FCA register
2005
8 March 2005
- Incorporated at Companies House
Companies House
In the full report: all 26 events
- All 26 events in its history (8 shown here)
- Every director appointment and resignation: 16
Firms connected to Rational Foreign Exchange
Other FCA-listed firms that share a director, phone number or address with Rational Foreign Exchange. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 2
- share its postcode
- 2
In the full report: all 2 connected firms, named
- How each is linked: the same postcode (2)
- Who links each one: the named directors, with dates
Firms like Rational Foreign Exchange
Other firms of the same type (payment or money transfer firm), nearest first.
In London
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 Rational Foreign Exchange
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
- 1 background check on its contact details
- All 26 events in its history
- 2 connected firms, named, and who links them
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Frequently asked questions about this firm
Is Rational Foreign Exchange Limited FCA authorised?
Is Rational Foreign Exchange a scam or clone?
Is my money safe with Rational Foreign Exchange?
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Who runs Rational Foreign Exchange?
How long has Rational Foreign Exchange been in business?
Does Rational Foreign Exchange use any other names?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- FCA warning: Crypto-Trade 365 fca.org.uk
- Report a scam to the FCA fca.org.uk