WeFlex Ltd

Reference number: 712604

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Authorised, but in an insolvency process

This firm is under the control of insolvency practitioners and may have stopped taking on new business. If you are or were a customer, deal with the appointed office holders rather than the firm.

What the FCA says

ATTENTION - Firm in an insolvency process

This firm is in an insolvency process. It is under the control of the appointed insolvency office holder(s) and may have stopped taking on new business. It has to continue to meet our standards in line with its regulatory status, including when dealing with its customers. If you are/were a customer check how this affects you with the firm or the appointed insolvency office holder(s).

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

  • No phone number on the FCA register

  • Address

    Patrick Donnan and David Hudson and Anthony John Wright, all of FRP Advisory Trading Limited, 110 Cannon Street, London, EC4N 6EU, United Kingdom

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

  • Whether EC4N 6EU is a shared office: 22 other firms give it
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Other names (2)

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

  • MuFi Ltd Former name
  • MuFi Former trading name

Past FCA permissions and consumer protection

  • In an insolvency process
    Money the firm held is returned through the appointed office holders, which takes time and can fall short. The FSCS covers eligible claims up to its limits, and the Ombudsman can still look at a complaint.
Show FCA detail (4 permissions)
  • Entering into Regulated Consumer Hire Agreements as owner
  • Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Exercising or having the right to exercise the owner's rights and duties under a regulated consumer hire agreement

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.

Concerns on the company record

  • Companies House records this company in administration, but it is still authorised on the FCA register.
  • Accounts are overdue at Companies House.
  • Confirmation statement is overdue at Companies House.
  • This company has insolvency history on record.
Company number
09704423
Company status
Administration
Company type
Private limited company
Incorporated
27 July 2015 (11 years old)
Registered office
C/O Frp Advisory Trading Limited 2nd Floor, 110 Cannon Street, London, EC4N 6EU
Nature of business
  • Renting and leasing of cars and light motor vehicles (SIC 77110)

Directors and company secretaries

Name Role Born Appointed Other companies
Nicholas Andrew Williamson Director Sep 1983 27 Jul 2015 5 other companies
Nicholas James Elliott Director Sep 1972 15 Jan 2026 7 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
12
closed down
4
went insolvent
2

In the full report: all 12 companies, named

  • What each company does, and whether it is still trading
  • Which of these 2 directors sit on each board, and since when
  • The 2 that went into liquidation or administration
  • All 10 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 November 2020Small company accountsAudited

Net assets

−£1.51m

Down £625k from −£880k

Cash at bank

£698k

+77% from £395k

Employees (average)

22

+29% from 17

Owed within a year

£10.4m

+28% from £8.13m

Its next accounts are overdue at Companies House.

Net assets are negative: on its last balance sheet the company owed £1.51m more than it owned.

Assets and liabilities

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 09704423. 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

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

Key events (10) All events (33)

2025

17 December 2025

  • Peter Minter no longer has significant control

Companies House

2019

31 October 2019

  • Peter Minter gained significant control
  • Richard James Munton no longer has significant control

Companies House

12 April 2019

  • Richard James Munton gained significant control

Companies House

2017

27 July 2017

  • Nicholas Andrew Williamson became a part-owner (25–50% of shares)

Companies House

2016

28 June 2016

  • Changed its registered name from "MuFi Ltd"

FCA register

6 April 2016

  • Nicholas Andrew Williamson became a part-owner (25–50% of shares)

Companies House

22 January 2016

  • Regulated by the FCA from this date
  • Became authorised by the FCA

FCA register

2015

27 July 2015

  • Incorporated at Companies House

Companies House

In the full report: all 33 events

  • All 33 events in its history (10 shown here)
  • Every director appointment and resignation: 18
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Get the full report on WeFlex

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

  • 12 other companies its directors have run, named
  • 1 background check on its contact details, 1 flagged
  • All 33 events in its history

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Frequently asked questions about this firm

Is WeFlex Ltd FCA authorised?
Yes, WeFlex Ltd (FRN 712604) is authorised by the FCA to carry out regulated activities. It is also in an insolvency process, under the control of insolvency practitioners, so deal with the appointed office holders rather than the firm. It has held its current authorisation since January 2016 and works as a lender. The FCA has placed no limits on its permissions.
Is WeFlex a scam or clone?
WeFlex 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 WeFlex?
WeFlex is under the control of insolvency practitioners, so money it held is returned through the appointed office holders rather than by the firm. That takes time and can fall short. Where money is missing, the FSCS covers eligible claims up to its limits, and the Financial Ombudsman Service can still consider a complaint.
Who owns WeFlex?
Companies House lists 2 people with significant control of WeFlex: Mr Nicholas Andrew Williamson (25–50% of shares) and Mr Nicholas Andrew Williamson (25–50% of shares). Before that, it was controlled by Mr Richard James Munton and Mr Peter Minter.
Who runs WeFlex?
Companies House lists 2 directors of WeFlex: Nicholas Andrew Williamson and Nicholas James Elliott.
How long has WeFlex been in business?
The company was formed on 27 July 2015. Companies House now lists it as administration.
What do WeFlex’s latest accounts show?
Its latest accounts, to 30 November 2020, show net assets of −£1.51m (down £625k from −£880k) and cash at bank of £698k (+77% from £395k). Its accounts are overdue at Companies House.
Does WeFlex use any other names?
It has previously used 2 other names: MuFi Ltd and MuFi.

Sources and links

The full report on WeFlex Ltd

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