System Pay Services Ltd

Reference number: 901057

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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 bvnk.com first appeared online, and whether it can receive email
  • What kind of line 07748 773945 is
  • Who else gives the postcode EC1M 3LN
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Other names (1)

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

  • BVNK Trading name: A name it trades under now.

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 (7 permissions)
  • a) Services enabling cash placement on a payment account
  • b) Services enabling cash withdrawals from a payment account
  • c) Execution of payment transactions (not covered by a credit line)
  • d) Execution of payment transactions (covered by a credit line)
  • e) Issuing payment instruments or acquiring payment transactions
  • f) Money remittance
  • h) Issuing Electronic Money

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 status
Active
Company type
Private limited company
Incorporated
14 October 2018 (8 years old)
Registered office
4th Floor 91 - 93 Farringdon Road, London, EC1M 3LN, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Martin Griffiths Director Jul 1963 9 May 2023 1 other company
Philip Charles Doyle Director Apr 1980 1 Jul 2025 None
Ian Robert Beth Director Dec 1983 1 Aug 2025 None
Emma Joan Strydom Secretary Not published 23 Nov 2022 –

Other companies run by these 3 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 company
1
still active
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of these 3 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • All 10 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 October 2021Dormant company accountsNot audited

Net assets

£320k

Up £320k from £2

Cash at bank

£320k

Up £320k from £2

These accounts were filed as dormant: the company reported no significant trading in the period.

* Cash at bank usually includes customers’ money.

Net assets

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 11621763. Figures are exactly as filed; nothing is estimated.

Key dates in its history

System Pay Services’s history from the FCA register and Companies House, newest first.

2026

3 August 2026

  • Jesse David Hemson-Struthers stopped being a part-owner

Companies House

2025

6 August 2025

  • Jesse David Hemson-Struthers became a part-owner (25–50% of shares)

Companies House

2022

23 November 2022

  • Andrii Savchenko no longer has significant control
  • Andrii Savchenko stopped being a part-owner
  • Bvnk Holdings Limited gave up control
  • Bvnk Holdings Limited took control (75–100% of shares)
  • Oleksandr Shvets no longer has significant control
  • Oleksandr Shvets stopped being a part-owner

Companies House

2020

6 November 2020

  • Regulated by the FCA from this date
  • Became an authorised e-money institution

FCA register

2018

14 October 2018

  • Incorporated at Companies House
  • Andrii Savchenko became a part-owner (25–50% of shares)
  • Andrii Savchenko gained significant control
  • Oleksandr Shvets became a part-owner (25–50% of shares)
  • Oleksandr Shvets gained significant control

Companies House

In the full report: all 35 events

  • All 35 events in its history (15 shown here)
  • Every director appointment and resignation: 19
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Firms like System Pay Services

Other firms of the same type (payment or money transfer firm), 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 System Pay Services

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

  • 1 other company its directors have run, named
  • 3 background checks on its contact details
  • All 35 events in its history

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Frequently asked questions about this firm

Is System Pay Services Ltd FCA authorised?
Yes, System Pay Services Ltd (FRN 901057) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since November 2020 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is System Pay Services’ phone number and website?
The FCA register lists the phone number 07748 773945 and the website bvnk.com for System Pay Services. If you were given different contact details, use these to check with the firm before going any further.
Is System Pay Services a scam or clone?
System Pay Services 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 System Pay Services?
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 System Pay Services to the Financial Ombudsman Service, free of charge.
Who owns System Pay Services?
System Pay Services is owned by Bvnk Holdings Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 23 November 2022. Before that, it was controlled by Mr Jesse David Hemson-Struthers, Mr Oleksandr Shvets and Mr Andrii Savchenko.
Who runs System Pay Services?
Companies House lists 3 directors of System Pay Services: Martin Griffiths, Philip Charles Doyle and Ian Robert Beth.
How long has System Pay Services been in business?
The company was formed on 14 October 2018, and has held its current FCA authorisation since November 2020.
What do System Pay Services’ latest accounts show?
Its latest accounts, to 31 October 2021, show net assets of £320k (up £320k from £2) and cash at bank of £320k (up £320k from £2).
Does System Pay Services use any other names?
It trades as BVNK.

Sources and links

The full report on System Pay Services Ltd

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