Sterling Consortium Limited

Reference number: 987941

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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 sterlingfx.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 7723 3000 is
  • Who else gives the postcode W2 2HX
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Other names (2)

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

  • Sterling FX Trading name
  • The Currency Club Trading name

FCA permissions and consumer protection

  • Handle payments & transfers Funds safeguarded
    Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
  • 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 (2 permissions)
  • 5. Issuing and/or acquiring of payment instruments.
  • 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
05850613
Company status
Active
Company type
Private limited company
Incorporated
19 June 2006 (20 years old)
Registered office
50 Harrowby Street, London, W1H 5EE
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Meera Thakkar Director Oct 1980 5 Oct 2016 4 other companies
Samir Thakkar Director Jul 1985 5 Oct 2016 4 other companies
Samir Thakkar Secretary Not published 25 Oct 2022 –

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
4
closed down
1
run together
4

In the full report: all 4 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 4 companies these 2 directors run together
  • All 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Full accountsNot audited

Net assets

£881k

−16% from £1.05m

Cash at bank

£106k

−38% from £173k

Employees (average)

10

+43% from 7

Owed within a year

£432k

−4.6% from £453k

* Cash at bank usually includes customers’ money.

Assets and liabilities

In the full report: all 6 years of accounts

  • Every year from 2020 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.

Accounts filed at Companies House for company 05850613. 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

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

Key events (9) All events (17)

2023

27 November 2023

  • Regulated by the FCA from this date
  • Became an authorised payment institution

FCA register

2016

5 October 2016

  • Hansa Thakkar stopped being a part-owner
  • Thax Ventures Ltd took control (75–100% of shares)
  • Vinodrai Gopalji Thakkar stopped being a part-owner

Companies House

6 April 2016

  • Hansa Thakkar became a part-owner (25–50% of shares)
  • Vinodrai Gopalji Thakkar became a part-owner (25–50% of shares)

Companies House

2009

11 August 2009

  • Supervised by HMRC under the money laundering rules from this date

FCA register

2006

19 June 2006

  • Incorporated at Companies House

Companies House

In the full report: all 17 events

  • All 17 events in its history (9 shown here)
  • Every director appointment and resignation: 6
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Firms connected to Sterling Consortium

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

connected firms
4
no longer authorised
3
share its postcode
4

In the full report: all 4 connected firms, named

  • How each is linked: the same postcode (4)
  • Who links each one: the named directors, with dates
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Firms like Sterling Consortium

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

In London

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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 Sterling Consortium

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

  • 4 other companies its directors have run, named
  • 3 background checks on its contact details
  • 6 years of accounts, charted
  • All 17 events in its history
  • 4 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Sterling Consortium Limited FCA authorised?
Yes, Sterling Consortium Limited (FRN 987941) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since November 2023 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is Sterling Consortium’s phone number and website?
The FCA register lists the phone number 020 7723 3000 and the website sterlingfx.co.uk for Sterling Consortium. If you were given different contact details, use these to check with the firm before going any further.
Is Sterling Consortium a scam or clone?
Sterling Consortium 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 Sterling Consortium?
It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about Sterling Consortium to the Financial Ombudsman Service, free of charge.
Who owns Sterling Consortium?
Sterling Consortium is owned by Thax Ventures Ltd, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 5 October 2016. Before that, it was controlled by Mrs Hansa Thakkar and Mr Vinodrai Gopalji Thakkar.
Who runs Sterling Consortium?
Companies House lists 2 directors of Sterling Consortium: Meera Thakkar and Samir Thakkar.
How long has Sterling Consortium been in business?
The company was formed on 19 June 2006, and has held its current FCA authorisation since November 2023.
What do Sterling Consortium’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £881k (−16% from £1.05m) and cash at bank of £106k (−38% from £173k).
Does Sterling Consortium use any other names?
It trades as Sterling FX and The Currency Club.

Sources and links

The full report on Sterling Consortium Limited

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