Top Rate Mutual Finance Ltd

Reference number: 550566

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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

    020 8886 2546

  • Address

    822 High Road, London, N17 0EY, United Kingdom

In the full report: 2 background checks

  • What kind of line 020 8886 2546 is
  • Who else gives the postcode N17 0EY
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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
04484535
Company status
Active
Company type
Private limited company
Incorporated
12 July 2002 (24 years old)
Registered office
822 High Road, London, N17 0EY, England
Nature of business
  • Management consultancy activities other than financial management (SIC 70229)

Directors and company secretaries

Name Role Born Appointed Other companies
Chiddi Akurunwa Director Mar 1963 14 Jul 2002 4 other companies
Christy Oragui Secretary Not published 10 Apr 2004 –

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
4
closed down
2
still active
2

In the full report: all 4 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 2 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 July 2025Micro-entity accountsNot audited

Net assets

£63.6k

+55% from £41.1k

Employees (average)

3

Same as 3

Owed within a year

£14.4k

Up £14.4k from £0

Net assets

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 04484535. 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

Top Rate Mutual Finance’s history from the FCA register and Companies House, newest first.

2020

21 September 2020

  • Changed its registered name from "Toprate Mutual Finance Ltd"

FCA register

2018

27 September 2018

  • Registered as a small payment institution

FCA register

2016

6 April 2016

  • Chiddi Akurunwa gained significant control

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

31 March 2013

  • No longer regulated by the Financial Services Authority

FCA register

2011

28 September 2011

  • Regulated by the Financial Services Authority from this date

FCA register

2005

31 August 2005

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

FCA register

2002

14 July 2002

  • Chiddi Akurunwa appointed as a director

Companies House

12 July 2002

  • Incorporated at Companies House

Companies House

Director appointments and resignations, and trading names, appear under All events.

Firms connected to Top Rate Mutual Finance

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

connected firm
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same postcode (1)
  • Who links it to this firm: the named directors, with dates
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Firms like Top Rate Mutual Finance

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

In London

StoneX Financial LtdLondonAuthorisedReal Transfer LimitedLondonAuthorisedOnafriq UK LimitedLondonAuthorisedDaytona Capital Management LimitedLondonAuthorisedSable International FX LimitedLondonAuthorisedTrolley Payments UK LtdLondonAuthorised

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 Top Rate Mutual Finance

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
  • 2 background checks on its contact details
  • 7 years of accounts, charted
  • All 9 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Top Rate Mutual Finance Ltd FCA authorised?
Yes, Top Rate Mutual Finance Ltd (FRN 550566) is registered with the FCA and permitted to provide its regulated services.
What is Top Rate Mutual Finance’s phone number?
The FCA register lists the phone number 020 8886 2546 for Top Rate Mutual Finance. If you were given different contact details, use these to check with the firm before going any further.
Is Top Rate Mutual Finance a scam or clone?
Top Rate Mutual Finance 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 Top Rate Mutual Finance?
Protection depends on which product you hold and how Top Rate Mutual Finance handles your money, so check the specific product before you commit. You can also refer complaints about Top Rate Mutual Finance to the Financial Ombudsman Service, free of charge.
Who owns Top Rate Mutual Finance?
Companies House lists one person with significant control of Top Rate Mutual Finance: Mr Chiddi Akurunwa (significant influence or control).
Who runs Top Rate Mutual Finance?
Companies House lists one director of Top Rate Mutual Finance: Chiddi Akurunwa.
How long has Top Rate Mutual Finance been in business?
The company was formed on 12 July 2002, and has held its current FCA authorisation since September 2018.
What do Top Rate Mutual Finance’s latest accounts show?
Its latest accounts, to 31 July 2025, show net assets of £63.6k (+55% from £41.1k).

Sources and links

The full report on Top Rate Mutual Finance Ltd

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