UK Exchange Limited

Reference number: 573203

Instant download

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

This company holds another FCA record

A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.

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 remitsnap.co.uk first appeared online, and whether it can receive email
  • What kind of line 0161 841 5662 is
  • Who else gives the postcode M5 3EP
Instant PDF download
Other names (3)

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

  • RemitSnap Trading name
  • UK Money Exchange Trading name
  • UK Exchange Ltd 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.

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
07880994
Company status
Active
Company type
Private limited company
Incorporated
14 December 2011 (14 years old)
Registered office
7 Exchange Quay, Salford, M5 3EP, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Naeem Yarzai Director Feb 1996 10 Oct 2024 None

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • All 3 people who have been directors, with their dates
Instant PDF download

Filed accounts and finances

Year to 31 March 2026Micro-entity accountsNot audited

Net assets

£25.0k

−1.7% from £25.4k

Employees (average)

4

Same as 4

Owed within a year

£3,073

+151% from £1,223

Net assets

In the full report: all 7 years of accounts

  • Every year from 2020 to 2026
  • 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 07880994. 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

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

Key events (9) All events (17)

2025

23 May 2025

  • Faisal Nawaz Khan gave up control
  • Naeem Yarzai took control (75–100% of shares)

Companies House

4 March 2025

  • Changed its registered name from "UK Exchange Ltd"

FCA register

2018

4 May 2018

  • Became an authorised payment institution

FCA register

2016

14 December 2016

  • Faisal Nawaz Khan took control (75–100% of shares)

Companies House

2013

1 April 2013

  • Regulated by the FCA from this date

FCA register

2012

20 December 2012

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

FCA register

2011

14 December 2011

  • Incorporated at Companies House

Companies House

In the full report: all 17 events

  • All 17 events in its history (9 shown here)
  • Every director appointment and resignation: 5
Instant PDF download

Firms like UK Exchange

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

In Salford

UK Frontier LtdSalfordRegisteredAJ Bell Management LimitedSalfordAuthorised

In the Manchester (M) postcode area

Ace Money Transfer LimitedManchesterAuthorisedBayze Trading LtdManchesterRegisteredEasy Cash Card LimitedManchesterRegisteredEdward Olakunle AdebanjoManchesterRegistered

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 UK Exchange

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 17 events in its history

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is UK Exchange Limited FCA authorised?
Yes, UK Exchange Limited (FRN 573203) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since May 2018 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is UK Exchange’s phone number and website?
The FCA register lists the phone number 0161 841 5662 and the website remitsnap.co.uk for UK Exchange. If you were given different contact details, use these to check with the firm before going any further.
Is UK Exchange a scam or clone?
UK Exchange 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 UK Exchange?
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 UK Exchange to the Financial Ombudsman Service, free of charge.
Who owns UK Exchange?
Companies House lists one person with significant control of UK Exchange: Mr Naeem Yarzai (75–100% of shares). Before that, it was controlled by Mr Faisal Nawaz Khan.
Who runs UK Exchange?
Companies House lists one director of UK Exchange: Naeem Yarzai.
How long has UK Exchange been in business?
The company was formed on 14 December 2011, and has held its current FCA authorisation since May 2018.
What do UK Exchange’s latest accounts show?
Its latest accounts, to 31 March 2026, show net assets of £25.0k (−1.7% from £25.4k).
Does UK Exchange use any other names?
It trades as RemitSnap and UK Money Exchange. It has previously used the name UK Exchange Ltd.

Sources and links

The full report on UK Exchange Limited

£19.99 · Instant PDF download

Loading secure checkout…