Wecollect (London) Limited: FCA regulated?

Authorised by the FCA

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

Authorised for 5 years
Your funds are safeguarded
No FCA actions
Active company since 2015
Accounts filed up to 31 December 2024

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.

Website

wecollect.com (opens in a new tab)
Phone number

020 3906 7347
Address

51 Moorgate, London, EC2R 6LL, United Kingdom

In the full report: 3 background checks

When wecollect.com first appeared online, and whether it can receive email
What kind of line 020 3906 7347 is, and the other firm that gives it
Who else gives the postcode EC2R 6LL

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 (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: 09684132 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 14 July 2015 (11 years old)
Registered office: 5 Market Yard Mews, 194-204 Bermondsey Street, London, SE1 3TQ, United Kingdom
Nature of business: Financial intermediation not elsewhere classified (SIC 64999)
Other service activities not elsewhere classified (SIC 96090)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Yu Ki Aaron Chiu	Director	Jul 1971	14 Jul 2015	None
Marcin Piotr Swanson-Zajac	Director	Dec 1970	18 Aug 2025	1 other company
Ahmad Aya Alhamad	Director	Apr 1972	19 Feb 2026	1 other company
CORNHILL SECRETARIES LIMITED	Corporate secretary	Not published	14 Jul 2015	–

Other companies run by these 3 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: 2
still active: 2
is FCA-registered: 1

In the full report: all 2 companies, named

What each company does, and whether it is still trading
Which of these 3 directors sit on each board, and since when
Any that went into liquidation or administration
The one on the FCA register
All 4 people who have ever been directors, with their dates

Filed accounts and finances

Year to 31 December 2024Full accountsAudited

Profit before tax

−£38.8k

Up £1,007 from −£39.8k

Total equity

£359k

−8.3% from £391k

Cash at bank

£480k

−4.9% from £504k

Employees (average)

0

Same as 0

* Cash at bank usually includes customers’ money.

Profit before tax

In the full report: all 5 years of accounts

Every year from 2020 to 2024
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 09684132. 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

Wecollect (London)’s history from the FCA register and Companies House, newest first.

Key events (4) All events (9)

2021

16 February 2021

Became an authorised e-money institution

FCA register

2020

2 March 2020

Regulated by the FCA from this date

FCA register

2016

6 April 2016

Sheen Charm Chiu took control (75–100% of shares)

Companies House

2015

14 July 2015

Incorporated at Companies House

Companies House

In the full report: all 9 events

All 9 events in its history (4 shown here)
Every director appointment and resignation: 5

Firms connected to Wecollect (London)

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

connected firms: 5
share a director: 1
share its phone number: 1

In the full report: all 5 connected firms, named

How each is linked: shared directors (1), the same phone number (1), the same postcode (5)
Who links each one: the named directors, with dates

Firms like Wecollect (London)

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

In London

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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 Wecollect (London)

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

2 other companies its directors have run, named
3 background checks on its contact details
5 years of accounts, charted
All 9 events in its history
5 connected firms, named, and who links them

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Frequently asked questions about this firm

Is Wecollect (London) Limited FCA authorised?

Yes, Wecollect (London) Limited (FRN 901083) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since February 2021 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.

What is Wecollect (London)’s phone number and website?

The FCA register lists the phone number 020 3906 7347 and the website wecollect.com for Wecollect (London). 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 Wecollect (London) a scam or clone?

Wecollect (London) 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 Wecollect (London)?

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 Wecollect (London) to the Financial Ombudsman Service, free of charge.

Who owns Wecollect (London)?

Companies House lists one person with significant control of Wecollect (London): Sheen Charm Chiu (75–100% of shares).

Who runs Wecollect (London)?

Companies House lists 3 directors of Wecollect (London): Yu Ki Aaron Chiu, Marcin Piotr Swanson-Zajac and Ahmad Aya Alhamad.

How long has Wecollect (London) been in business?

The company was formed on 14 July 2015, and has held its current FCA authorisation since February 2021.

What do Wecollect (London)’s latest accounts show?

Its latest accounts, to 31 December 2024, show profit before tax of −£38.8k (up £1,007 from −£39.8k) and total equity of £359k (−8.3% from £391k).