Redbanx Limited

Reference number: 900897

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

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 redbanx.com first appeared online, and whether it can receive email
  • What kind of line 07810 160238 is
  • Who else gives the postcode W1H 7AL
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Other names (2)

If you were contacted under any of these names, it is this firm.

  • Baker Commerce Trading name
  • Baker Commerce (UK) Limited Former name

FCA permissions and consumer protection

  • Handle payments & transfers Funds safeguarded
    Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (7 permissions)
  • a) Services enabling cash placement on a payment account
  • b) Services enabling cash withdrawals from a payment account
  • c) Execution of payment transactions (not covered by a credit line)
  • d) Execution of payment transactions (covered by a credit line)
  • e) Issuing payment instruments or acquiring payment transactions
  • f) Money remittance
  • h) Issuing Electronic Money

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
10452111
Company status
Active
Company type
Private limited company
Incorporated
31 October 2016 (9 years old)
Registered office
11 Woodford Avenue, Ilford, IG2 6UF, England
Nature of business
  • Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)

Directors and company secretaries

Name Role Born Appointed Other companies
James Scott Melville Director Aug 1980 18 Aug 2017 4 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
4
closed down
3
still active
1

In the full report: all 4 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 2 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 October 2025Full accountsAudited

Profit before tax

£48.9k

Not compared: the previous accounts cover a different length of time

Total equity

£332k

No earlier figure to compare

Cash at bank

£371k

+29% from £287k

Owed within a year

£72.6k

Up £71.2k from £1,440

* Cash at bank usually includes customers’ money.

Net assets

In the full report: all 7 years of accounts

  • Every year from 2019 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 10452111. Figures are exactly as filed; nothing is estimated.

Key dates in its history

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

Key events (15) All events (20)

2021

5 March 2021

  • Changed its registered name from "Baker Commerce (UK) Limited"

FCA register

2019

22 February 2019

  • Regulated by the FCA from this date
  • Became an authorised e-money institution

FCA register

16 January 2019

  • Baker Services Ltd gained significant control
  • Baker Services Ltd no longer has significant control
  • Lai Ming Ng gained significant control
  • Lai Ming Ng no longer has significant control

Companies House

2018

25 June 2018

  • Avoda Technology Ltd gave up control
  • Lai Ming Ng gained significant control

Companies House

2017

5 October 2017

  • Avoda Technology Ltd took control (75–100% of shares)
  • James Scott Melville gave up control

Companies House

2 June 2017

  • James Scott Melville took control (75–100% of shares)
  • Lai Ming Ng no longer has significant control

Companies House

2016

31 October 2016

  • Incorporated at Companies House
  • Lai Ming Ng gained significant control

Companies House

In the full report: all 20 events

  • All 20 events in its history (15 shown here)
  • Every director appointment and resignation: 3
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Firms like Redbanx

Other firms of the same type (payment or money transfer firm), nearest first.

In London

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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 Redbanx

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
  • 3 background checks on its contact details
  • 7 years of accounts, charted
  • All 20 events in its history

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Frequently asked questions about this firm

Is Redbanx Limited FCA authorised?
Yes, Redbanx Limited (FRN 900897) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since February 2019 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is Redbanx’s phone number and website?
The FCA register lists the phone number 07810 160238 and the website redbanx.com for Redbanx. If you were given different contact details, use these to check with the firm before going any further.
Is Redbanx a scam or clone?
Redbanx is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Redbanx?
It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about Redbanx to the Financial Ombudsman Service, free of charge.
Who owns Redbanx?
Companies House lists one person with significant control of Redbanx: Lai Ming Ng (significant influence or control). Before that, it was controlled by James Scott Melville, Avoda Technology Ltd and Ms Lai Ming Ng.
Who runs Redbanx?
Companies House lists one director of Redbanx: James Scott Melville.
How long has Redbanx been in business?
The company was formed on 31 October 2016, and has held its current FCA authorisation since February 2019.
What do Redbanx’s latest accounts show?
Its latest accounts, to 31 October 2025, show profit before tax of £48.9k (not compared: the previous accounts cover a different length of time) and total equity of £332k (no earlier figure to compare).
Does Redbanx use any other names?
It trades as Baker Commerce. It has previously used the name Baker Commerce (UK) Limited.

Sources and links

The full report on Redbanx Limited

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