Retail Capital (UK) Ltd: FCA regulated?

On the register, but not FCA authorised

This firm is registered with the FCA for anti-money-laundering checks only, which is why it appears on the register. 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 2021
Accounts filed up to 31 March 2025
On its latest accounts it owed £1.05m more than it owned

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 FSCS compensation, and the Financial Ombudsman Service usually cannot look at a complaint about unregulated business.

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.

Website

recap.global (opens in a new tab)
Phone number

020 3002 7206
Address

First Floor, Ariel House, 74A Charlotte Street, London, W1T 4QJ, United Kingdom

In the full report: 3 background checks

When recap.global first appeared online, and whether it can receive email
What kind of line 020 3002 7206 is
Who else gives the postcode W1T 4QJ

Other names (1)

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

Recap Trading name: A name it trades under now.

Past FCA permissions and consumer protection

Money-laundering registration only
This 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 may not be able to consider a complaint about unregulated business.

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: 13814652 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 22 December 2021 (4 years old)
Registered office: 101 New Cavendish Street, 1st Floor South, London, W1W 6XH, United Kingdom
Nature of business: Other credit granting not elsewhere classified (SIC 64929)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Steven Kark	Director	Sep 1973	22 Dec 2021	5 other companies
Karl Horneman Westvig	Director	Jan 1971	22 Dec 2021	None
Pauline Goetsch	Director	Jan 1969	4 Mar 2022	2 other companies
Jonathan Alexander Field	Director	Apr 1995	24 Nov 2023	None
Candice Kim Ewing	Director	Jun 1999	17 Feb 2025	None

Other companies run by these 5 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: 7
closed down: 2
still active: 5

In the full report: all 7 companies, named

What each company does, and whether it is still trading
Which of these 5 directors sit on each board, and since when
Any that went into liquidation or administration

Filed accounts and finances

Year to 31 March 2025Full accountsAudited

Turnover

£1.25m

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

Net assets

−£1.05m

Down £540k from −£506k

Employees (average)

5

+67% from 3

Owed within a year

£523k

+124% from £233k

Net assets are negative: on its last balance sheet the company owed £1.05m more than it owned.

The previous accounts cover 15 months, so turnover and profit are not compared with them.

Net assets

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 13814652. 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

Retail Capital (UK)’s history from the FCA register and Companies House, newest first.

Key events (4) All events (10)

2022

21 April 2022

Registered with the FCA

FCA register

2021

22 December 2021

Incorporated at Companies House
Retail Capital Europe (Cy) Limited gave up control
Retail Capital Europe (Cy) Limited took control (75–100% of shares)

Companies House

In the full report: all 10 events

All 10 events in its history (4 shown here)
Every director appointment and resignation: 5

Firms connected to Retail Capital (UK)

Other FCA-listed firms that share a director, phone number or address with Retail Capital (UK). 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

Get the full report on Retail Capital (UK)

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

7 other companies its directors have run, named
3 background checks on its contact details
All 10 events in its history
2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Retail Capital (UK) Ltd FCA authorised?

Retail Capital (UK) Ltd (FRN 972444) is registered with the FCA under the Money Laundering Regulations only. That is anti-money-laundering supervision, not FCA authorisation, and the FCA does not supervise the firm's conduct.

What is Retail Capital (UK)’s phone number and website?

The FCA register lists the phone number 020 3002 7206 and the website recap.global for Retail Capital (UK). If you were given different contact details, use these to check with the firm before going any further.

Is Retail Capital (UK) a scam or clone?

Retail Capital (UK) is genuinely on the FCA's money-laundering register, so it is not an outright fake, but registration is not authorisation, and scammers impersonate registered firms too. Verify contact details against the register before sending money.

Is my money safe with Retail Capital (UK)?

Money you hand to Retail Capital (UK) is not protected by the FSCS. Money-laundering registration carries no compensation scheme, and the Financial Ombudsman Service may not be able to consider a complaint about unregulated business.

Who owns Retail Capital (UK)?

Companies House lists no one with significant control of Retail Capital (UK) now. Before that, it was controlled by Retail Capital Europe (Cy) Limited.

Who runs Retail Capital (UK)?

Companies House lists 5 directors of Retail Capital (UK): Steven Kark, Karl Horneman Westvig, Pauline Goetsch, Jonathan Alexander Field and Candice Kim Ewing.

How long has Retail Capital (UK) been in business?

The company was formed on 22 December 2021.

What do Retail Capital (UK)’s latest accounts show?

Its latest accounts, to 31 March 2025, show turnover of £1.25m (not compared: the previous accounts cover a different length of time) and net assets of −£1.05m (down £540k from −£506k).

Does Retail Capital (UK) use any other names?

It trades as Recap.