Regulated Decentralised Finance Ltd
Reference number: 849446
Instant download
On the register, but not FCA authorised
This firm is registered with the FCA for anti-money-laundering checks only, which is how cryptoasset firms are registered. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.
- Registered for 4 years
- No FCA actions
- Active company since 2017
- Accounts filed up to 31 December 2024
- 1 thing worth a closer look in the background checks
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 compensation to fall back on. The FCA's own position is that crypto is largely unregulated in the UK and that compensation for crypto losses is highly unlikely.
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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Website
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Phone number
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Address
Level 39, One Canada Square, Canary Wharf, London, E14 5AB, United Kingdom
In the full report: 3 background checks, 1 thing worth a closer look
- When getbabb.com first appeared online, and whether it can receive email
- What kind of line 07827 963046 is
- Whether E14 5AB is a shared office: 26 other firms give it
Other names (2)
If you were contacted under any of these names, it is this firm.
- BABB Trading name: A name it trades under now.
- BABB Platform Ltd Former name: A name it was registered under before.
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 phone numbers (3)
- +1 513 783 1244
- +43 681 202 477 20
- +44 681 202 477 20
Fake email addresses (2)
- spindletrades@gmail.com
- support@spindletrades.com
Fake websites (1)
- spindletrades.com
The FCA warning these came from
- Spindle Trades / spindletrades.com 12 March 2024
Scammers change these details often. Always check the live FCA warning.
Past FCA permissions and consumer protection
- Money-laundering registration onlyThis 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 generally does not cover unregulated cryptoasset activity.
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.
- Company number
- 10803612 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 5 June 2017 (9 years old)
- Registered office
- Level 39 One Canada Square, London, E14 5AB, England
- Nature of business
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- Business and domestic software development (SIC 62012)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Rushd Averroës | Director | Oct 1978 | 5 Jun 2017 | None |
In the full report: every company its directors have run
- Confirmation that its director runs no other company
- Both people who have been directors, with their dates
Filed accounts and finances
Total equity
£22.6m
+12% from £20.2m
Cash at bank
£3,557
−45% from £6,511
Employees (average)
0
Same as 0
Owed within a year
£15.4k
+52% from £10.2k
Assets and liabilities
In the full report: all 6 years of accounts
- Every year from 2019 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 10803612. 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
Regulated Decentralised Finance’s history from the FCA register and Companies House, newest first.
2024
12 March 2024
- FCA warned the public about a scam impersonating this firm
FCA warning list
2023
10 March 2023
- Changed its registered name from "BABB Platform Ltd"
FCA register
2021
1 December 2021
- Registered with the FCA
FCA register
2018
21 August 2018
- Babb Group Ltd took control (75–100% of shares)
- Rushd Averroës gave up control
Companies House
2017
5 June 2017
- Incorporated at Companies House
- Rushd Averroës took control (75–100% of shares)
Companies House
In the full report: all 11 events
- All 11 events in its history (7 shown here)
- Every director appointment and resignation: 3
Get the full report on Regulated Decentralised Finance
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- Every company its directors have run, named
- 3 background checks on its contact details, 1 flagged
- 6 years of accounts, charted
- All 11 events in its history
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Frequently asked questions about this firm
Is Regulated Decentralised Finance Ltd FCA authorised?
What is Regulated Decentralised Finance’s phone number and website?
Is Regulated Decentralised Finance a scam or clone?
Is my money safe with Regulated Decentralised Finance?
Who owns Regulated Decentralised Finance?
Who runs Regulated Decentralised Finance?
How long has Regulated Decentralised Finance been in business?
What do Regulated Decentralised Finance’s latest accounts show?
Does Regulated Decentralised Finance 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: Spindle Trades / spindletrades.com fca.org.uk
- Crypto: what the FCA registration means fca.org.uk
- Report a scam to the FCA fca.org.uk