Welrex Ltd

Reference number: 829695

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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.

In the full report: 3 background checks

  • When welrex.com first appeared online, and whether it can receive email
  • What kind of line 0333 006 9989 is
  • Who else gives the postcode W1K 6WE
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Other names (1)

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

  • Wealth Info Portal Ltd Former name

FCA permissions and consumer protection

  • Hold or safeguard your money · Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • 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 (6 permissions)
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Arranging (bringing about) deals in investments
  • Arranging safeguarding and administration of assets
  • Dealing in investments as agent
  • Making arrangements with a view to transactions in investments
  • Managing investments

Limits on what they may do

  • Restrictions on Activities
    (1) THE RESTRICTIONS IN PARAGRAPH (1) WERE LIFTED ON 7 NOVEMBER 2024. (2) [THESE REQUIREMENTS HAVE BEEN AMENDED AS A RESULT OF THE RESTRICTIONS IN PARAGRAPH 1 BEING LIFTED] The Firm must not, without the prior written consent of the Authority, increase its client count to more than 10 or take on more than two Independent Relationship Managers until all the following conditions are satisfied: (a) The Firm has obtained approval from the Authority for its proposed new Compliance Oversight Function Holder (SMF 16) and Money Laundering Reporting Officer (SMF 17) to perform their role. (b) Either (i) The Firm’s new SMF 16 and 17 function holder has conducted a second line review of the Firm’s compliance systems and controls, including in relation to its management of prudential risk and the Firm has provided a copy of their report on the outcome of the review to the Authority; or (ii) The Firm’s auditors have conducted a third line review of the Firm’s compliance systems and controls, including in relation to its management of prudential risk and the Firm has provided a copy of their report on the outcome of the review to the Authority. (c) The Firm has confirmed to the Authority that any remedial actions identified as necessary by the review carried out pursuant to Paragraph 2(b) of these Requirements have been satisfactorily completed. (3) If the Firm or its auditors wish to engage a third-party to support them to carry out the review required by Paragraph 2(b) of these Requirements, the Firm must obtain the prior written consent of the Authority before the third-party is appointed.
  • This firm may handle your money in passing but must not hold it, so payments should go to the product provider, never to a personal account.
  • Retention and reporting requirements
    (4) The Firm must secure all books and records, preserve information and systems, which may be relevant to demonstrating compliance with the Requirements, and must retain these in such a form that they can be provided to the Authority, or to a person named by the Authority, promptly on its request. (5) The Firm must submit copies of its management accounts to the Authority monthly commencing 1 November 2023 and ending 30 November 2024. The accounts should be provided to the Authority by the last working day of the month following the month they relate to (for example, the management accounts for November 2023 should be provided to the Authority by the last working day in December 2023). (6) The management accounts provided as required by paragraph (5) of these Requirements should be accompanied by confirmation from a Senior Management Function holder at the Firm of: (a) the amount of regulatory capital that the Firm holds; (b) the number of clients the Firm has; (c) the value of assets under management; and (d) the number of IRMs engaged by the Firm. 1.2. These Requirements replace all other requirements imposed on the Firm pursuant to section 55L(5)(a) of the Act. 1.3. These Requirements take immediate effect and remain in force unless and until varied or cancelled by the Authority (either on the application of the Firm or of the Authority’s own volition).

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
10996323
Company status
Active
Company type
Private limited company
Incorporated
4 October 2017 (9 years old)
Registered office
10 Culford Gardens, Chelsea, London, SW3 2ST, England
Nature of business
  • Other information service activities not elsewhere classified (SIC 63990)
  • Fund management activities (SIC 66300)

Directors and company secretaries

Name Role Born Appointed Other companies
Yevgeni Agerd Director May 1983 4 Oct 2017 None
Jonathan Spencer Andrew O'Brien Secretary Not published 24 Apr 2025 –

In the full report: every company its directors have run

  • Confirmation that its director runs no other company
  • All 3 people who have been directors, with their dates
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Filed accounts and finances

Year to 31 October 2023Micro-entity accountsNot audited

Net assets

£96.8k

Up £412k from −£315k

Employees (average)

2

Same as 2

Owed within a year

£5,612

−6.5% from £6,002

Assets and liabilities

In the full report: all 5 years of accounts

  • Every year from 2019 to 2023
  • 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 10996323. 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

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

Key events (8) All events (15)

2025

6 June 2025

  • FCA imposed a requirement (Restrictions on Activities)

FCA register

2023

16 October 2023

  • FCA imposed a requirement (Retention and reporting requirements)

FCA register

2020

10 September 2020

  • Changed its registered name from "Wealth Info Portal Ltd"

FCA register

2019

14 October 2019

  • Regulated by the FCA from this date
  • FCA imposed a requirement (May control but not hold client money)
  • Became authorised by the FCA

FCA register

2017

4 October 2017

  • Incorporated at Companies House
  • Yevgeni Agerd took control (75–100% of shares)

Companies House

In the full report: all 15 events

  • All 15 events in its history (8 shown here)
  • Every director appointment and resignation: 5
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Firms like Welrex

Other firms of the same type (investment or fund manager), nearest first.

In London

UBS Asset Management (UK) LtdLondonAuthorisedUBS Asset Management Funds LtdLondonAuthorisedRevolut Trading LtdLondonAuthorisedBlackRock Advisors (UK) LimitedLondonAuthorisedBlackRock Fund Managers LimitedLondonAuthorisedBlackRock Investment Management (UK) LimitedLondonAuthorised

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 Welrex

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

  • Every company its directors have run, named
  • 3 background checks on its contact details
  • 5 years of accounts, charted
  • All 15 events in its history

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Frequently asked questions about this firm

Is Welrex Ltd FCA authorised?
Yes, Welrex Ltd (FRN 829695) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since October 2019 and works as an investment or fund manager. The FCA has placed 3 limits on what it may do.
What is Welrex’s phone number and website?
The FCA register lists the phone number 0333 006 9989 and the website welrex.com for Welrex. If you were given different contact details, use these to check with the firm before going any further.
Is Welrex a scam or clone?
Welrex 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 Welrex?
Its FCA permissions do not allow it to hold or control client money. It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Welrex to the Financial Ombudsman Service, free of charge.
Who owns Welrex?
Companies House lists one person with significant control of Welrex: Mr Yevgeni Agerd (75–100% of shares).
Who runs Welrex?
Companies House lists one director of Welrex: Yevgeni Agerd.
How long has Welrex been in business?
The company was formed on 4 October 2017, and has held its current FCA authorisation since October 2019.
What do Welrex’s latest accounts show?
Its latest accounts, to 31 October 2023, show net assets of £96.8k (up £412k from −£315k).
Does Welrex use any other names?
It has previously used the name Wealth Info Portal Ltd.

Sources and links

The full report on Welrex Ltd

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