Introducer appointed representative
This firm can only introduce you to its principal, and cannot give financial advice, recommend products, or arrange deals alone.
- Appointed for under a year
- Protected through the principal
- No FCA actions
- Active company since 2019
- Accounts filed up to 27 March 2025
- Its whole board of directors changed in March 2024
Responsible principal firm
Independent Broking Solutions Limited Reference number: 312026 View firm →What does this mean?
- An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own.
- Source Pay Ltd (FRN 1057072) introduces customers to Independent Broking Solutions Limited (FRN 312026). Any regulated advice or arranging is done by the principal, not Source Pay.
- Example: if Source Pay refers you to a financial adviser, the advice should come from the principal firm, not from Source Pay itself.
- Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
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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Phone number
-
Address
8 Devonshire Square, London, City Of London, EC2M 4YJ, United Kingdom
In the full report: 2 background checks
- What kind of line 020 3048 3650 is
- Who else gives the postcode EC2M 4YJ
FCA permissions and consumer protection
- Protection through the principal firmProtection works through Independent Broking Solutions Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
- Complaints Ombudsman, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
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
- 11850880 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 27 February 2019 (7 years old)
- Registered office
- 8 Devonshire Square, London, EC2M 4YJ, England
- Nature of business
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- Other construction installation (SIC 43290)
- Accounting and auditing activities (SIC 69201)
- Bookkeeping activities (SIC 69202)
- Other business support service activities not elsewhere classified (SIC 82990)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Sabrina Monachello | Director | Nov 1994 | 27 Mar 2024 | None |
In the full report: every company its directors have run
- Confirmation that its director runs no other company
- All 5 people who have been directors, with their dates
Filed accounts and finances
Net assets
£24.4k
No earlier figure to compare
Employees (average)
4
+33% from 3
Owed within a year
£157k
+632% from £21.5k
The accounts for the year to 27 March 2025 do not tag turnover in a form that can be read automatically, so it is not shown. The last tagged figure is £31.6k, for the year to 28 February 2021.
Assets and liabilities
In the full report: all 6 years of accounts
- Every year from 2020 to 2025
- Both charts, 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.
Accounts filed at Companies House for company 11850880. 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
Source Pay’s history from the FCA register and Companies House, newest first.
2026
18 June 2026
- Became an introducer appointed representative
FCA register
2024
27 March 2024
- Board replaced: all 3 directors left and a new director took over
- Caroline Louise Tugby-Rose stopped being the majority owner
- Fiona Michelle Watson-Powell no longer holds 25–50% of the votes
- Sabrina Monachello took control (75–100% of shares)
- Simon Peter Powell stopped being a part-owner
Companies House
2022
20 October 2022
- Caroline Louise Tugby-Rose became the majority owner (50–75% of shares)
- Fiona Michelle Watson-Powell gained 25–50% of the votes
Companies House
31 March 2022
- Stephen John Barrasford gave up control
Companies House
2 March 2022
- Simon Peter Powell became a part-owner (25–50% of shares)
Companies House
2019
27 February 2019
- Incorporated at Companies House
- Stephen John Barrasford took control (25–50% of shares)
Companies House
In the full report: all 21 events
- All 21 events in its history (12 shown here)
- Every director appointment and resignation: 9
Firms like Source Pay
Other firms of the same type (home improvement or trades), nearest first.
In London
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 Source Pay
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
- 2 background checks on its contact details
- 6 years of accounts, charted
- All 21 events in its history
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Frequently asked questions about this firm
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Who runs Source Pay?
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What do Source Pay’s latest accounts show?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk