Remitise Limited

Reference number: 931409

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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, 1 thing worth a closer look

  • When raenest.com first appeared online, and whether it can receive email
  • What kind of line 0808 501 0160 is
  • Whether N1 7GU is a shared office: 86 other firms give it
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Other names (2)

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

  • Raenest Trading name
  • KHALI SERVICES LIMITED Former name

FCA permissions and consumer protection

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.
  • 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 (1 permission)
  • 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.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
10794814
Company status
Active
Company type
Private limited company
Incorporated
30 May 2017 (9 years old)
Registered office
20 Wenlock Road, London, N1 7GU, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Victor Oluwatosin Alade Director Dec 1992 4 Aug 2026 1 other company
Sodruldeen Temitayo Mustapha Director Jun 1993 4 Aug 2026 None

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 company
1
still active
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 7 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 May 2025Small company accountsNot audited

Net assets

−£68.8k

Down £6,475 from −£62.3k

Cash at bank

£253

−93% from £3,555

Employees (average)

0

Same as 0

Owed within a year

£101k

+1.9% from £98.7k

Net assets are negative: on its last balance sheet the company owed £68.8k more than it owned.

Assets and liabilities

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.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 10794814. 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

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

Key events (11) All events (22)

2026

10 September 2026

  • Remitise Group Limited stopped being a part-owner

Companies House

13 July 2026

  • Raelic Payment Ltd took control (75–100% of shares)

Companies House

2022

4 July 2022

  • Changed its registered name from "KHALI SERVICES LIMITED"

FCA register

31 May 2022

  • Board replaced: its only director left and 4 new directors took over
  • Remitise Group Limited became a part-owner (25–50% of shares)

Companies House

2021

31 May 2021

  • Ousman Sanyang no longer has significant control

Companies House

4 March 2021

  • Regulated by the FCA from this date
  • Supervised by HMRC under the money laundering rules from this date
  • Registered as a small payment institution

FCA register

2017

30 May 2017

  • Incorporated at Companies House
  • Ousman Sanyang gained significant control

Companies House

In the full report: all 22 events

  • All 22 events in its history (11 shown here)
  • Every director appointment and resignation: 10
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Firms like Remitise

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

In England

Adam Remit LtdEnglandRegisteredAmal UK LimitedEnglandRegisteredAsia Money Transfer LtdEnglandRegisteredBell Remit LtdEnglandRegisteredFast Track Money Transfer LimitedEnglandAuthorisedGolden Xpress UK LtdEnglandRegistered

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 Remitise

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 1 other company its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • 7 years of accounts, charted
  • All 22 events in its history

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Frequently asked questions about this firm

Is Remitise Limited FCA authorised?
Yes, Remitise Limited (FRN 931409) is registered with the FCA and permitted to provide its regulated services.
What is Remitise’s phone number and website?
The FCA register lists the phone number 0808 501 0160 and the website raenest.com for Remitise. If you were given different contact details, use these to check with the firm before going any further.
Is Remitise a scam or clone?
Remitise 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 Remitise?
Protection depends on which product you hold and how Remitise handles your money, so check the specific product before you commit. You can also refer complaints about Remitise to the Financial Ombudsman Service, free of charge.
Who owns Remitise?
Remitise is owned by Raelic Payment Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 13 July 2026. Before that, it was controlled by Mr Ousman Sanyang and Remitise Group Limited.
Who runs Remitise?
Companies House lists 2 directors of Remitise: Victor Oluwatosin Alade and Sodruldeen Temitayo Mustapha.
How long has Remitise been in business?
The company was formed on 30 May 2017, and has held its current FCA authorisation since March 2021.
What do Remitise’s latest accounts show?
Its latest accounts, to 31 May 2025, show net assets of −£68.8k (down £6,475 from −£62.3k) and cash at bank of £253 (−93% from £3,555).
Does Remitise use any other names?
It trades as Raenest. It has previously used the name KHALI SERVICES LIMITED.

Sources and links

The full report on Remitise Limited

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