TransacFX LTD

Reference number: 750537

Instant download

No longer authorised

This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 26 February 2019.

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.

  • Last known website

    transacfx.com

  • Last known phone number

    020 8731 9977

  • Last known address

    338 Regents Park Road, London, N3 2LN, United Kingdom

In the full report: 3 background checks, 1 thing worth a closer look

  • When transacfx.com first appeared online, and whether it can receive email
  • What kind of line 020 8731 9977 is
  • Who else gives the postcode N3 2LN
Instant PDF download
Other names (2)

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

  • West 2 Trend Ltd Former name
  • Transactwise Former trading name

Past FCA permissions and consumer protection

  • The record is closed
    Cover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.

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

  • Companies House records this company as dissolved.
Company name
PAYIN WITH LTD
Company number
08598264
Company status
Dissolved
Company type
Private limited company
Incorporated
5 July 2013 (13 years old)
Registered office
Salisbury House, 29 Finsbury Circus, London Wall, London, England, EC2M 5QQ, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Edward Maclain Director Oct 1975 31 Aug 2021 20 other companies

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
20
closed down
13
still active
7

In the full report: all 20 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 5 people who have ever been directors, with their dates
Instant PDF download

Filed accounts and finances

Year to 30 January 2023Micro-entity accountsNot audited

Net assets

£0

−100% from £37.3k

Employees (average)

0

−100% from 1

Owed within a year

£0

−100% from £163k

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2019 to 2023
  • The chart, over every year
  • Every filed figure, year by year
Instant PDF download
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 08598264. 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

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

Key events (14) All events (26)

2024

6 August 2024

  • Company dissolved

Companies House

2021

1 September 2021

  • Joel Gal-Er gave up control

Companies House

31 August 2021

  • Edward Maclain took control (75–100% of shares)

Companies House

2020

10 September 2020

  • Board replaced: its only director left and a new director took over
  • Edward Maclain gave up control
  • Joel Gal-Er took control (75–100% of shares)

Companies House

2019

26 February 2019

  • No longer regulated by the FCA
  • No longer supervised by HMRC
  • Status on the FCA register became "Cancelled - Small PI"

FCA register

2018

27 September 2018

  • Changed its registered name from "West 2 Trend Ltd"

FCA register

2016

21 September 2016

  • Regulated by the FCA from this date

FCA register

11 July 2016

  • Edward Maclain took control (75–100% of shares)

Companies House

16 June 2016

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

FCA register

2013

5 July 2013

  • Incorporated at Companies House

Companies House

In the full report: all 26 events

  • All 26 events in its history (14 shown here)
  • Every director appointment and resignation: 9
Instant PDF download

Firms like TransacFX

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

In London

Uber Payments UK LimitedLondonAuthorisedWise Payments LimitedLondonAuthorisedForisgfs UK LimitedLondonAuthorisedWepay Payments Ltd.LondonAuthorisedAirbnb Payments UK LimitedLondonAuthorisedMollie UK Ltd.LondonAuthorised

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 TransacFX

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

  • 20 other companies its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • 4 years of accounts, charted
  • All 26 events in its history

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is TransacFX LTD FCA authorised?
No. TransacFX LTD (FRN 750537) is still listed on the FCA register, but the record is closed: no longer authorised.
Is TransacFX a scam or clone?
TransacFX is not currently authorised by the FCA. Be cautious and verify any firm on the FCA register before dealing with it.
Is my money safe with TransacFX?
Money you handed over while it was authorised generally keeps its protection: FSCS covers firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading. New business with TransacFX has no cover, because it is no longer permitted to carry it out.
Who owns TransacFX?
Companies House lists one person with significant control of TransacFX: Mr Edward Maclain (75–100% of shares). Before that, it was controlled by Mr Joel Gal-Er.
Who runs TransacFX?
Companies House lists one director of TransacFX: Edward Maclain.
How long has TransacFX been in business?
The company was formed on 5 July 2013. Companies House now lists it as dissolved.
What do TransacFX’s latest accounts show?
Its latest accounts, to 30 January 2023, show net assets of £0 (−100% from £37.3k).
Does TransacFX use any other names?
It has previously used 2 other names: West 2 Trend Ltd and Transactwise.

Sources and links

The full report on TransacFX LTD

£19.99 · Instant PDF download

Loading secure checkout…