Watford V.e. Limited: FCA regulated?

Appointed representative

This firm does not hold FCA authorisation of its own, and acts under a principal firm, which is legally responsible for its regulated business.

Appointed for 4 years
Protected through the principal
No FCA actions
Active company since 2021
Accounts filed up to 31 December 2025

Responsible principal firm

ADARO OPTICS LIMITED Reference number: 924690 Authorised View firm →

What does this mean?

An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
WATFORD V.E. LIMITED (FRN 985385) is an AR of ADARO OPTICS LIMITED (FRN 924690). When you use WATFORD V.E.'s services, the FCA authorisation sits with the principal firm.
Example: if you take financial advice from WATFORD V.E., complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

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

01923 210233
Address

112 The Harlequin, Watford, Hertfordshire, WD17 2TH, United Kingdom

In the full report: 2 background checks

What kind of line 01923 210233 is, and the other firm that gives it
Who else gives the postcode WD17 2TH

Other names (1)

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

Vision Express Trading name: A name it trades under now.

FCA permissions and consumer protection

Protection through the principal firm
Protection works through Adaro Optics Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Complaints Ombudsman, free
You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

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: 13441002 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 7 June 2021 (5 years old)
Registered office: Vision Express Mere Way, Ruddington Fields Business Park, Ruddington, Nottinghamshire, NG11 6NZ, United Kingdom
Nature of business: Other service activities not elsewhere classified (SIC 96090)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
ABBEYFIELD V.E. LIMITED	Corporate director	Not published	7 Jun 2021	86 other companies
Dipak Patel	Director	Mar 1980	21 Dec 2021	1 other company
Aashish Shah	Director	Dec 1991	21 Dec 2021	None
Dimple Kothary	Director	Nov 1974	21 Dec 2021	1 other company

Other companies run by these 4 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: 87
closed down: 39
are FCA-registered: 45

In the full report: all 87 companies, named

What each company does, and whether it is still trading
Which of these 4 directors sit on each board, and since when
Any that went into liquidation or administration
The 45 on the FCA register, including one no longer authorised
The 1 company these 4 directors run together
All 7 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 December 2025Full accountsAudited

Profit before tax

£152k

+20% from £127k

Net assets

£22.0k

−86% from £162k

Cash at bank

£4,000

−33% from £6,000

Owed within a year

£442k

+27% from £347k

Profit before tax

In the full report: all 5 years of accounts

Every year from 2021 to 2025
Both charts, 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.

Accounts filed at Companies House for company 13441002. 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

Watford V.e.’s history from the FCA register and Companies House, newest first.

Key events (3) All events (13)

2022

16 October 2022

Became an appointed representative

FCA register

2021

7 June 2021

Incorporated at Companies House
Abbeyfield V.E. Limited became the majority owner (50–75% of shares)

Companies House

In the full report: all 13 events

All 13 events in its history (3 shown here)
Every director appointment and resignation: 9

Firms connected to Watford V.e.

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

connected firms: 2
share a director: 1
share its phone number: 1

In the full report: all 2 connected firms, named

How each is linked: shared directors (1), the same phone number (1), the same postcode (1)
Who links each one: the named directors, with dates

Firms like Watford V.e.

Other firms of the same type (credit broker), nearest first.

In Watford

Abhay Shah & Manish PatelWatfordAppointed representative Rafath AffarkaWatfordAppointed representative Samy SefeldinWatfordAppointed representative Bury St Edmunds V.e. LimitedWatfordAppointed representative Capsule Whales LimitedWatfordAppointed representative Daryoush Ghamari SairWatfordAuthorised

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 Watford V.e.

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

87 other companies its directors have run, named
2 background checks on its contact details
5 years of accounts, charted
All 13 events in its history
2 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Watford V.e. Limited FCA authorised?

Watford V.e. Limited (FRN 985385) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.

What does appointed representative mean for Watford V.e.?

An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Watford V.e. Limited (FRN 985385) is an AR of ADARO OPTICS LIMITED (FRN 924690). When you use Watford V.e.'s services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Watford V.e., complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

What is Watford V.e.’s phone number?

The FCA register lists the phone number 01923 210233 for Watford V.e.. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by one other FCA firm.

Is Watford V.e. a scam or clone?

Watford V.e. 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 Watford V.e.?

Protection works through Adaro Optics Limited, the principal firm responsible for Watford V.e.'s regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.

Who owns Watford V.e.?

Watford V.e. is owned by Abbeyfield V.E. Limited, which holds 50–75% of shares and 50–75% of votes, since 7 June 2021.

Who runs Watford V.e.?

Companies House lists 4 directors of Watford V.e.: Abbeyfield V.e. Limited, Dipak Patel, Aashish Shah and Dimple Kothary.

How long has Watford V.e. been in business?

The company was formed on 7 June 2021.

What do Watford V.e.’s latest accounts show?

Its latest accounts, to 31 December 2025, show profit before tax of £152k (+20% from £127k) and net assets of £22.0k (−86% from £162k).

Does Watford V.e. use any other names?

It trades as Vision Express.