Sterling Money Exchange Ltd

Reference number: 934449

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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.

  • No website on the FCA register

  • Phone number

    07949 251354

  • Address

    802A High Road, North Finchley, London, England, N12 9SP, United Kingdom

In the full report: 2 background checks

  • What kind of line 07949 251354 is
  • Who else gives the postcode N12 9SP
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Other names (1)

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

  • WATANDAR SERVICES LTD Former name

FCA permissions and consumer protection

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.
  • 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)
  • 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
12452382
Company status
Active
Company type
Private limited company
Incorporated
10 February 2020 (6 years old)
Registered office
802a High Road, North Finchley, London, N12 9SP, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Mirwais Gulab Director Jan 1976 4 Mar 2026 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • All 4 people who have been directors, with their dates
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Filed accounts and finances

Year to 30 May 2025Micro-entity accountsNot audited

Net assets

£10.8k

−25% from £14.5k

Employees (average)

2

+100% from 1

Owed within a year

£19.7k

+24% from £15.8k

Net assets

In the full report: all 5 years of accounts

  • Every year from 2021 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.

There is no turnover or profit: small companies do not have to publish them.

Accounts filed at Companies House for company 12452382. Figures are exactly as filed; nothing is estimated.

Key dates in its history

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

Key events (14) All events (21)

2026

1 October 2026

  • Muhammad Mirwise Kharotai stopped being a part-owner

Companies House

7 July 2026

  • Mirwais Gulab took control (75–100% of shares)

Companies House

2024

1 November 2024

  • Changed its registered name from "WATANDAR SERVICES LTD"

FCA register

25 October 2024

  • Board replaced: its only director left and a new director took over
  • Muhammad Mirwise Kharotai became a part-owner (25–50% of shares)
  • Siiovash Mokhammad gave up control

Companies House

2022

8 July 2022

  • Enayatullah Dost gave up control

Companies House

1 June 2022

  • Board replaced: its only director left and a new director took over
  • Siiovash Mokhammad took control (75–100% of shares)

Companies House

2021

16 August 2021

  • Regulated by the FCA from this date
  • Supervised by HMRC under the money laundering rules from this date
  • Registered as a small payment institution

FCA register

2020

10 February 2020

  • Incorporated at Companies House
  • Enayatullah Dost took control (75–100% of shares)

Companies House

In the full report: all 21 events

  • All 21 events in its history (14 shown here)
  • Every director appointment and resignation: 7
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Firms like Sterling Money Exchange

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

In England

Adam Remit LtdEnglandRegisteredAmal UK LimitedEnglandRegisteredAsia Money Transfer LtdEnglandRegisteredBell Remit LtdEnglandRegisteredFast Track Money Transfer LimitedEnglandAuthorisedGolden Xpress UK LtdEnglandRegistered

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 Money Exchange

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
  • 5 years of accounts, charted
  • All 21 events in its history

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Frequently asked questions about this firm

Is Sterling Money Exchange Ltd FCA authorised?
Yes, Sterling Money Exchange Ltd (FRN 934449) is registered with the FCA and permitted to provide its regulated services.
What is Sterling Money Exchange’s phone number?
The FCA register lists the phone number 07949 251354 for Sterling Money Exchange. If you were given different contact details, use these to check with the firm before going any further.
Is Sterling Money Exchange a scam or clone?
Sterling Money Exchange 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 Money Exchange?
Protection depends on which product you hold and how Sterling Money Exchange handles your money, so check the specific product before you commit. You can also refer complaints about Sterling Money Exchange to the Financial Ombudsman Service, free of charge.
Who owns Sterling Money Exchange?
Companies House lists one person with significant control of Sterling Money Exchange: Mr Mirwais Gulab (75–100% of shares). Before that, it was controlled by Mr Enayatullah Dost, Mr Siiovash Mokhammad and Mr Muhammad Mirwise Kharotai.
Who runs Sterling Money Exchange?
Companies House lists one director of Sterling Money Exchange: Mirwais Gulab.
How long has Sterling Money Exchange been in business?
The company was formed on 10 February 2020, and has held its current FCA authorisation since August 2021.
What do Sterling Money Exchange’s latest accounts show?
Its latest accounts, to 30 May 2025, show net assets of £10.8k (−25% from £14.5k).
Does Sterling Money Exchange use any other names?
It has previously used the name WATANDAR SERVICES LTD.

Sources and links

The full report on Sterling Money Exchange Ltd

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