Shermin Finance Limited

Reference number: 727594

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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 sherminfinance.co.uk first appeared online, and whether it can receive email
  • What kind of line 0330 230 3030 is
  • Who else gives the postcode WS2 7BN
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Other names (15)

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

  • Shermin Trading name
  • Shermin Simple Finance Trading name
  • Stax Trading name
  • StaxPay Trading name
  • Staxpay.co.uk Trading name
  • Trade-Quote Trading name
  • Trade-Quote by Shermin Trading name
  • www.sherminfinance.co.uk Trading name
  • Approved Funding Former trading name
  • Checkatrade Former trading name
  • checkatrade.com Former trading name
  • Options Plus Former trading name
  • Project Funding Former trading name
  • Shermin Personal Finance Former trading name
  • www.options-plus.co.uk Former trading name

FCA permissions and consumer protection

  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • 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)
  • Credit Broking

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
01276121
Company status
Active
Company type
Private limited company
Incorporated
7 September 1976 (50 years old)
Registered office
Homeserve, Cable Drive, Walsall, WS2 7BN, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Michael Christopher Jackson Director Oct 1969 14 Jun 2021 3 other companies
Gareth Weaver Director Nov 1980 15 Dec 2023 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 companies
3
closed down
1
is FCA-registered
1

In the full report: all 3 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
  • The one on the FCA register
  • All 5 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 September 2020Full accountsNot audited

Total equity

£456k

No earlier figure to compare

Cash at bank

£240k

−28% from £333k

Employees (average)

8

No earlier figure to compare

Owed within a year

£175k

−20% from £218k

Assets and liabilities

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 01276121. 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

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

Key events (13) All events (48)

2023

19 October 2023

  • Homeserve Assistance Limited took control (75–100% of shares)
  • Vbf Holdings Limited gave up control

Companies House

2019

14 November 2019

  • Riversmeade Limited gave up control
  • Vbf Holdings Limited took control (75–100% of shares)

Companies House

1 November 2019

  • Housesteads Ltd gave up control
  • Riversmeade Limited took control (75–100% of shares)

Companies House

2017

2 October 2017

  • Board replaced: its only director left and a new director took over
  • Housesteads Ltd took control (75–100% of shares)
  • Oporotheca Limited gave up control

Companies House

2016

6 April 2016

  • Oporotheca Limited took control (75–100% of shares)

Companies House

11 February 2016

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

1976

7 September 1976

  • Incorporated at Companies House

Companies House

In the full report: all 48 events

  • All 48 events in its history (13 shown here)
  • Every director appointment and resignation: 6
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Firms connected to Shermin Finance

Other FCA-listed firms that share a director, phone number or address with Shermin Finance. A link shows who the firm is tied to, not whether either can be trusted.

connected firms
4
share a director
1
share its postcode
4

In the full report: all 4 connected firms, named

  • How each is linked: shared directors (1), the same postcode (4)
  • Who links each one: the named directors, with dates
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Firms like Shermin Finance

Other firms of the same type (credit broker), nearest first.

In the Walsall (WS) postcode area

Allan James Financial Services LimitedLichfieldAuthorisedBBS Finance LtdWalsallAuthorisedBufield Consultants LimitedCannockAuthorisedColin Ronald HodgesWednesburyAuthorisedCornwood Finance LimitedShenstoneAuthorisedDaniel EdwardsLichfieldAuthorised

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 Shermin Finance

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

  • 3 other companies its directors have run, named
  • 3 background checks on its contact details
  • All 48 events in its history
  • 4 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Shermin Finance Limited FCA authorised?
Yes, Shermin Finance Limited (FRN 727594) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since February 2016 and works as a credit broker. The FCA has placed no limits on its permissions.
What is Shermin Finance’s phone number and website?
The FCA register lists the phone number 0330 230 3030 and the website sherminfinance.co.uk for Shermin Finance. If you were given different contact details, use these to check with the firm before going any further.
Is Shermin Finance a scam or clone?
Shermin Finance 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 Shermin Finance?
Its FCA permissions do not allow it to hold or control client money. Protection depends on which product you hold and how Shermin Finance handles your money, so check the specific product before you commit. You can also refer complaints about Shermin Finance to the Financial Ombudsman Service, free of charge.
Who owns Shermin Finance?
Shermin Finance is owned by Homeserve Assistance Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 19 October 2023. Before that, it was controlled by Oporotheca Limited, Vbf Holdings Limited and Riversmeade Limited.
Who runs Shermin Finance?
Companies House lists 2 directors of Shermin Finance: Michael Christopher Jackson and Gareth Weaver.
How long has Shermin Finance been in business?
The company was formed on 7 September 1976, and has held its current FCA authorisation since February 2016.
What do Shermin Finance’s latest accounts show?
Its latest accounts, to 30 September 2020, show total equity of £456k (no earlier figure to compare) and cash at bank of £240k (−28% from £333k).
Does Shermin Finance use any other names?
It trades as Shermin, Shermin Simple Finance, Stax, StaxPay and Staxpay.co.uk, and 3 more names. It has previously used 7 other names, including Approved Funding, Checkatrade and checkatrade.com.

Sources and links

The full report on Shermin Finance Limited

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