VertoFX Ltd
Reference number: 901073
Instant download
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.
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Website
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Phone number
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Address
20-22 Wenlock Road, London, N1 7GU, United Kingdom
In the full report: 3 background checks, 1 thing worth a closer look
- When verto.co first appeared online, and whether it can receive email
- What kind of line 020 3318 0261 is
- Whether N1 7GU is a shared office: 86 other firms give it
FCA permissions and consumer protection
- Handle payments & transfers Funds safeguardedYour 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, freeYou can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (7 permissions)
- a) Services enabling cash placement on a payment account
- b) Services enabling cash withdrawals from a payment account
- c) Execution of payment transactions (not covered by a credit line)
- d) Execution of payment transactions (covered by a credit line)
- e) Issuing payment instruments or acquiring payment transactions
- f) Money remittance
- h) Issuing Electronic Money
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
- 10973066 (opens Companies House in a new tab)
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 20 September 2017 (9 years old)
- Registered office
- 20-22 Wenlock Road, London, N1 7GU, England
- Nature of business
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- Business and domestic software development (SIC 62012)
- Financial intermediation not elsewhere classified (SIC 64999)
Directors and company secretaries
| Name | Role | Born | Appointed | Other companies |
|---|---|---|---|---|
| Olalekan Oduwole | Director | Jan 1987 | 20 Sep 2017 | 1 other company |
| Olakunle Oyetayo | Director | Oct 1981 | 20 Sep 2017 | 3 other companies |
Other companies run by these 2 directors
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
- is FCA-registered
- 1
In the full report: all 4 companies, named
- What each company does, and whether it is still trading
- Which of these 2 directors sit on each board, and since when
- Any that went into liquidation or administration
- The one on the FCA register, including one no longer authorised
Filed accounts and finances
Net assets
£2.35m
Up £4.67m from −£2.32m
Cash at bank
£173k
−81% from £918k
Employees (average)
47
+27% from 37
Owed within a year
£1.49m
−69% from £4.86m
* Cash at bank usually includes customers’ money.
Assets and liabilities
In the full report: all 4 years of accounts
- Every year from 2020 to 2023
- The chart, over every year
- Every filed figure, year by year
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 10973066. 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
VertoFX’s history from the FCA register and Companies House, newest first.
2024
11 March 2024
- Became an authorised e-money institution
FCA register
2020
6 August 2020
- Regulated by the FCA from this date
FCA register
2019
30 September 2019
- Olakunle Oyetayo became a part-owner (25–50% of shares)
- Olakunle Oyetayo stopped being a part-owner
- Olalekan Oduwole became a part-owner (25–50% of shares)
- Olalekan Oduwole stopped being a part-owner
Companies House
2018
28 December 2018
- Olakunle Oyetayo stopped being a part-owner
- Olalekan Oduwole stopped being a part-owner
Companies House
2017
20 September 2017
- Incorporated at Companies House
- Olakunle Oyetayo became a part-owner (25–50% of shares)
- Olalekan Oduwole became a part-owner (25–50% of shares)
Companies House
In the full report: all 14 events
- All 14 events in its history (11 shown here)
- Every director appointment and resignation: 2
Firms connected to VertoFX
Other FCA-listed firms that share a director, phone number or address with VertoFX. A link shows who the firm is tied to, not whether either can be trusted.
- past link
- 1
In the full report: all 0 connected firms, named
- 1 past link through former directors
Firms like VertoFX
Other firms of the same type (payment or money transfer firm), nearest first.
In London
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 VertoFX
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
- 3 background checks on its contact details, 1 flagged
- 4 years of accounts, charted
- All 14 events in its history
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Frequently asked questions about this firm
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What is VertoFX’s phone number and website?
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Who owns VertoFX?
Who runs VertoFX?
How long has VertoFX been in business?
What do VertoFX’s latest accounts show?
Sources and links
- Its entry on the FCA register register.fca.org.uk
- Its Companies House record gov.uk
- How safeguarding works fca.org.uk
- Complaints the Financial Ombudsman Service can help with financial-ombudsman.org.uk
- Report a scam to the FCA fca.org.uk