Union Money Limited

Reference number: 768002

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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.

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

  • When unionmoney.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 7101 3424 is
  • Who else gives the postcode ME15 9WU
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Other names (1)

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

  • Islamic Money Transfer Company Limited Former name

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
10443600
Company status
Active
Company type
Private limited company
Incorporated
24 October 2016 (10 years old)
Registered office
37 Keele Avenue, Maidstone, Kent, ME15 9WU, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Payam Tamiz Director Jun 1989 24 Oct 2016 13 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
13
closed down
1
still active
12

In the full report: all 13 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 3 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 31 March 2025Micro-entity accountsNot audited

Net assets

£4

Same as £4

Employees (average)

1

Same as 1

Owed within a year

£0

Same as £0

Assets and liabilities

In the full report: all 6 years of accounts

  • Every year from 2020 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 10443600. 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

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

Key events (13) All events (20)

2023

28 March 2023

  • Union Group Holdings Limited gave up control
  • Union Group Limited took control (75–100% of shares)

Companies House

2020

30 July 2020

  • Islamic Economic Development Organisation gave up control
  • Union Group Holdings Limited took control (75–100% of shares)

Companies House

2018

11 December 2018

  • Registered as a small payment institution

FCA register

3 August 2018

  • Changed its registered name from "Islamic Money Transfer Company Limited"

FCA register

23 July 2018

  • Islamic Economic Development Organisation gave up control
  • Union Group Holdings Limited gave up control
  • Union Group Holdings Limited took control (75–100% of shares)

Companies House

2017

9 January 2017

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

FCA register

2016

21 December 2016

  • Regulated by the FCA from this date

FCA register

24 October 2016

  • Incorporated at Companies House
  • Islamic Economic Development Organisation took control (75–100% of shares)

Companies House

In the full report: all 20 events

  • All 20 events in its history (13 shown here)
  • Every director appointment and resignation: 7
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Firms like Union Money

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

In the Medway (ME) postcode area

Easy Ex LtdSittingbourneRegisteredPremier Payment Solutions LtdChathamRegistered

Elsewhere in the UK

Western Union Payment Services GB LimitedAuthorisedStoneX Financial LtdLondonAuthorisedA Place in the Sun Currency LimitedRickmansworthAuthorisedAce Money Transfer LimitedManchesterAuthorised

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 Union Money

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

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

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Frequently asked questions about this firm

Is Union Money Limited FCA authorised?
Yes, Union Money Limited (FRN 768002) is registered with the FCA and permitted to provide its regulated services.
What is Union Money’s phone number and website?
The FCA register lists the phone number 020 7101 3424 and the website unionmoney.co.uk for Union Money. If you were given different contact details, use these to check with the firm before going any further.
Is Union Money a scam or clone?
Union Money 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 Union Money?
Protection depends on which product you hold and how Union Money handles your money, so check the specific product before you commit. You can also refer complaints about Union Money to the Financial Ombudsman Service, free of charge.
Who owns Union Money?
Union Money is owned by Union Group Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 28 March 2023. Before that, it was controlled by Islamic Economic Development Organisation and Union Group Holdings Limited.
Who runs Union Money?
Companies House lists one director of Union Money: Payam Tamiz.
How long has Union Money been in business?
The company was formed on 24 October 2016, and has held its current FCA authorisation since December 2018.
What do Union Money’s latest accounts show?
Its latest accounts, to 31 March 2025, show net assets of £4 (same as £4).
Does Union Money use any other names?
It has previously used the name Islamic Money Transfer Company Limited.

Sources and links

The full report on Union Money Limited

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