Swapmoney Ltd

Reference number: 916795

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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.

In the full report: 3 background checks

  • When swap-money.com first appeared online, and whether it can receive email
  • What kind of line 0121 232 4652 is
  • Who else gives the postcode B3 1RB
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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
10716785
Company status
Active
Company type
Private limited company
Incorporated
8 April 2017 (9 years old)
Registered office
Grosvenor House, St. Pauls Square, Birmingham, B3 1RB, England
Nature of business
  • Information technology consultancy activities (SIC 62020)
  • Other information technology service activities (SIC 62090)
  • Web portals (SIC 63120)
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Olamobisi Joseph Fawehinmi Director Mar 1972 8 Apr 2017 3 other companies
Olamobisi Fawehinmi Secretary Not published 8 Apr 2017 –

Other companies run by its director

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
still active
2

In the full report: all 3 companies, named

  • What each company does, and whether it is still trading
  • Which of its director sits on each board, and since when
  • Any that went into liquidation or administration
  • All 8 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 April 2025Small company accountsNot audited

Net assets

−£66.3k

−360% from £25.4k

Cash at bank

£164k

+126% from £72.7k

Employees (average)

14

Same as 14

Owed within a year

£230k

+293% from £58.4k

Net assets are negative: on its last balance sheet the company owed £66.3k more than it owned.

Assets and liabilities

In the full report: all 7 years of accounts

  • Every year from 2019 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 10716785. 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

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

Key events (9) All events (18)

2025

17 April 2025

  • Abiodun Okono stopped being a part-owner

Companies House

2024

31 August 2024

  • Abiodun Okono became a part-owner (25–50% of shares)

Companies House

2020

19 June 2020

  • 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

2019

31 March 2019

  • Kanayo Eruchalu gave up control

Companies House

2017

8 April 2017

  • Incorporated at Companies House
  • Kanayo Eruchalu took control (75–100% of shares)
  • Olamobisi Fawehinmi became the majority owner (50–75% of shares)

Companies House

In the full report: all 18 events

  • All 18 events in its history (9 shown here)
  • Every director appointment and resignation: 9
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Firms like Swapmoney

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

In Birmingham

2Pay LimitedBirminghamRegisteredAbu Exchange LtdBirminghamRegisteredAltras International LimitedBirminghamAuthorisedAps International LimitedBirminghamAuthorisedArise Ventures LtdBirminghamRegisteredBen Saad Services LtdBirminghamRegistered

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 Swapmoney

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
  • 7 years of accounts, charted
  • All 18 events in its history

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Frequently asked questions about this firm

Is Swapmoney Ltd FCA authorised?
Yes, Swapmoney Ltd (FRN 916795) is registered with the FCA and permitted to provide its regulated services.
What is Swapmoney’s phone number and website?
The FCA register lists the phone number 0121 232 4652 and the website swap-money.com for Swapmoney. If you were given different contact details, use these to check with the firm before going any further.
Is Swapmoney a scam or clone?
Swapmoney 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 Swapmoney?
Protection depends on which product you hold and how Swapmoney handles your money, so check the specific product before you commit. You can also refer complaints about Swapmoney to the Financial Ombudsman Service, free of charge.
Who owns Swapmoney?
Companies House lists one person with significant control of Swapmoney: Olamobisi Fawehinmi (50–75% of shares). Before that, it was controlled by Mr Kanayo Eruchalu and Mr Abiodun Okono.
Who runs Swapmoney?
Companies House lists one director of Swapmoney: Olamobisi Joseph Fawehinmi.
How long has Swapmoney been in business?
The company was formed on 8 April 2017, and has held its current FCA authorisation since June 2020.
What do Swapmoney’s latest accounts show?
Its latest accounts, to 30 April 2025, show net assets of −£66.3k (−360% from £25.4k) and cash at bank of £164k (+126% from £72.7k).

Sources and links

The full report on Swapmoney Ltd

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