Tangopay Limited

Reference number: 572127

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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, 1 thing worth a closer look

  • When tangopay.co.uk first appeared online, and whether it can receive email
  • What kind of line 07977 002264 is
  • Who else gives the postcode EC1V 2NR
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Other names (2)

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

  • Sarhad Money Exchange U.K Limited Former name
  • UNIVERSAL MONEY TRANSFER LIMITED Former 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 (1 permission)
  • 6. Money remittance.

Limits on what they may do

  • Standard PSD Requirement
    The firm may only carry out payment service activities.
  • Voluntary undertaking
    With immediate effect, Tangopay Limited (the Firm) undertakes to: a) return all relevant funds (as defined in regulation 23 of the Payment Services Regulations 2017 (PSRs)) to relevant payment services users (PSUs) as soon as practicable; b) provide the Financial Conduct Authority (FCA) with a statement to evidence the return of relevant funds under paragraph (a) above to the relevant PSUs from the date of this undertaking; c) contact PSUs in scope of paragraph (a) above and inform them that: (i) the Firm has ceased providing payment services; (ii) (Unless instructed otherwise by the relevant PSU), payment by the Firm under paragraph (a) above will be made to the same payment account the PSU (or a third party on the PSU’s behalf) used to transfer funds to the Firm; and (iii) they should contact the Firm if they have any queries; d) refrain from providing payment services as defined in Schedule 1 to the Payment Services Regulations 2017 (PSRs)[1]; e) Refrain from on-boarding or registering any new payment service users from the date of this undertaking; f) place a statement in a prominent place on its website within 48 hours of signing this undertaking, informing customers that the Firm has ceased providing payment services, and that customers should contact the Firm if they have any queries. Duration The undertakings set out above are to take effect immediately on their acceptance by the FCA and notification of such to the Firm via email.

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.

Concerns on the company record

  • Confirmation statement is overdue at Companies House.
Company number
07807614
Company status
Active
Company type
Private limited company
Incorporated
12 October 2011 (15 years old)
Registered office
Tangopay, 124 City Road, London, EC1V 2NR, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Christopher Liew Director Nov 1979 10 Nov 2025 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • All 8 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 October 2025Small company accountsNot audited

Net assets

−£106k

−133% from £318k

Cash at bank

£0

−100% from £13.5k

Employees (average)

4

Same as 4

Owed within a year

£13.8k

−80% from £68.1k

Net assets are negative: on its last balance sheet the company owed £106k more than it owned.

* Cash at bank usually includes customers’ money.

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 07807614. 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

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

Key events (20) All events (38)

2025

10 November 2025

  • Board replaced: its only director left and a new director took over
  • Basir Sangerwal gave up control
  • Chirstopher Liew took control (75–100% of shares)

Companies House

21 March 2025

  • FCA imposed a requirement (Voluntary undertaking)

FCA register

2020

2 December 2020

  • Changed its registered name from "UNIVERSAL MONEY TRANSFER LIMITED"

FCA register

20 November 2020

  • Basir Sangerwal took control (75–100% of shares)

Companies House

19 November 2020

  • Shazia Kosar gave up control

Companies House

3 January 2020

  • Adeel Iqbal no longer has significant control

Companies House

2019

31 December 2019

  • Adeel Iqbal gained significant control

Companies House

2018

4 September 2018

  • Changed its registered name from "Sarhad Money Exchange U.K Limited"

FCA register

29 August 2018

  • Board replaced: its only director left and a new director took over
  • Mohammed Yasin gave up control
  • Shazia Kosar took control (75–100% of shares)

Companies House

30 April 2018

  • Became an authorised payment institution

FCA register

2016

6 April 2016

  • Mohammed Yasin took control (75–100% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2012

18 June 2012

  • FCA imposed a requirement (Standard PSD Requirement)

FCA register

21 May 2012

  • Regulated by the Financial Services Authority from this date
  • Supervised by HMRC under the money laundering rules from this date

FCA register

2011

12 October 2011

  • Incorporated at Companies House

Companies House

In the full report: all 38 events

  • All 38 events in its history (20 shown here)
  • Every director appointment and resignation: 15
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Firms like Tangopay

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 Tangopay

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
  • 3 background checks on its contact details, 1 flagged
  • 7 years of accounts, charted
  • All 38 events in its history

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Frequently asked questions about this firm

Is Tangopay Limited FCA authorised?
Yes, Tangopay Limited (FRN 572127) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since April 2018 and works as a payment or money transfer firm. The FCA has placed 2 limits on what it may do.
What is Tangopay’s phone number and website?
The FCA register lists the phone number 07977 002264 and the website tangopay.co.uk for Tangopay. If you were given different contact details, use these to check with the firm before going any further.
Is Tangopay a scam or clone?
Tangopay 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 Tangopay?
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 Tangopay to the Financial Ombudsman Service, free of charge.
Who owns Tangopay?
Companies House lists one person with significant control of Tangopay: Mr Chirstopher Liew (75–100% of shares). Before that, it was controlled by Mr Adeel Iqbal, Mr Mohammed Yasin and Mrs Shazia Kosar.
Who runs Tangopay?
Companies House lists one director of Tangopay: Christopher Liew.
How long has Tangopay been in business?
The company was formed on 12 October 2011, and has held its current FCA authorisation since April 2018.
What do Tangopay’s latest accounts show?
Its latest accounts, to 31 October 2025, show net assets of −£106k (−133% from £318k) and cash at bank of £0 (−100% from £13.5k).
Does Tangopay use any other names?
It has previously used 2 other names: Sarhad Money Exchange U.K Limited and UNIVERSAL MONEY TRANSFER LIMITED.

Sources and links

The full report on Tangopay Limited

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