No longer authorised
This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 16 August 2012.
This FCA record is no longer authorised, but the company is still on the register with full FCA authorisation under FRN 574679 →.
This company holds another FCA record
A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.
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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Last known phone number
01706 718888
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Last known address
32 Tweedale Street, Rochdale, OL11 1HH, United Kingdom
In the full report: 2 background checks
- What kind of line 01706 718888 is
- Who else gives the postcode OL11 1HH
Other names (1)
If you were contacted under any of these names, it is this firm.
- Sterling Currency Exchange Ltd Trading name: A name it trades under now.
Past FCA permissions and consumer protection
- The record is closedCover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.
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 name
- LIGHTWAY FINANCE LIMITED
- Company number
- 05621986 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 14 November 2005 (20 years old)
- Registered office
- Aldgate Tower, 2 Leman Street, London, E1 8FA, England
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
- Travel agency activities (SIC 79110)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Olufemi Agbesanwa | Director | Sep 1970 | 20 Oct 2021 | 5 other companies |
| Oluwabunmi Ayodele Odusanya | Director | Nov 1989 | 11 Oct 2022 | 3 other companies |
| Oluwabunmi Ayodele Odusanya | Secretary | Not published | 23 Feb 2024 | – |
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
- 8
- closed down
- 4
- still active
- 4
In the full report: all 8 companies, 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 4 people who have ever been directors, with their dates
Filed accounts and finances
Net assets
£16.5k
−78% from £76.8k
Cash at bank
£390k
+427% from £74.0k
Employees (average)
2
Same as 2
Owed within a year
£416k
Up £414k from £1,819
Assets and liabilities
In the full report: all 5 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 05621986. 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
Shamshad Ahmed Ali’s history from the FCA register and Companies House, newest first.
2021
13 December 2021
- Olufemi Agbesanwa took control (75–100% of shares)
- Shamshad Ahmed Ali stopped being the majority owner
Companies House
2016
1 September 2016
- Shamshad Ahmed Ali became the majority owner (50–75% of shares)
Companies House
2013
4 September 2013
- No longer regulated by the FCA
- No longer supervised by HMRC
FCA register
29 August 2013
- Changed its registered name from "Sterling Currency Exchange Ltd"
FCA register
1 April 2013
- Regulated by the FCA from this date
FCA register
2012
16 August 2012
- Status on the FCA register became "Cancelled - Small PI"
FCA register
2010
17 December 2010
- Regulated by the Financial Services Authority from this date
FCA register
2005
14 November 2005
- Incorporated at Companies House
Companies House
1 November 2005
- Supervised by HMRC under the money laundering rules from this date
FCA register
In the full report: all 21 events
- All 21 events in its history (11 shown here)
- Every director appointment and resignation: 8
Firms connected to Shamshad Ahmed Ali
Other FCA-listed firms that share a director, phone number or address with Shamshad Ahmed Ali. A link shows who the firm is tied to, not whether either can be trusted.
- connected firms
- 3
- no longer authorised
- 1
- share its postcode
- 3
In the full report: all 3 connected firms, named
- How each is linked: the same postcode (3)
- Who links each one: the named directors, with dates
Get the full report on Shamshad Ahmed Ali
Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.
- 8 other companies its directors have run, named
- 2 background checks on its contact details
- 5 years of accounts, charted
- All 21 events in its history
- 3 connected firms, named, and who links them
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Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Report a scam to the FCA fca.org.uk