Xace Limited

Reference number: 902828

Instant download

Acts as an e-money agent

This firm does not hold FCA authorisation of its own, and acts as an e-money agent under another firm's authorisation.

Responsible principal firm

Modulr FS Limited Reference number: 900573 Authorised View firm →

This company holds another FCA record

A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.

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, 1 thing worth a closer look

  • When xace.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 3286 0080 is
  • Whether WC2H 9JQ is a shared office: 190 other firms give it
Instant PDF download

Past FCA permissions and consumer protection

  • Protection works through the principal
    This firm acts as an agent of an authorised payment or e-money firm rather than holding its own authorisation. FSCS does not protect money held by an agent. Funds should be safeguarded by the principal, and the Financial Ombudsman Service may still be able to look at a complaint.

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
11742963
Company status
Active
Company type
Private limited company
Incorporated
28 December 2018 (7 years old)
Registered office
71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, England
Nature of business
  • Business and domestic software development (SIC 62012)
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Natalie Shoshan Director Mar 1986 28 Dec 2018 9 other companies
David Hodkinson Director Oct 1985 24 Jun 2019 2 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
10
closed down
6
run together
1

In the full report: all 10 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 1 company these 2 directors run together
  • All 3 people who have ever been directors, with their dates
Instant PDF download

Filed accounts and finances

Year to 31 December 2019Micro-entity accountsNot audited

Net assets

£9,580

No earlier figure to compare

Employees (average)

2

No earlier figure to compare

Owed within a year

£500

No earlier figure to compare

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 11742963. 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

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

Key events (4) All events (8)

2020

12 June 2020

  • Status on the FCA register became "EMD Agent"

FCA register

2019

24 June 2019

  • David Hodkinson became a part-owner (25–50% of shares)

Companies House

2018

28 December 2018

  • Incorporated at Companies House
  • Natalie Shoshan became a part-owner (25–50% of shares)

Companies House

In the full report: all 8 events

  • All 8 events in its history (4 shown here)
  • Every director appointment and resignation: 4
Instant PDF download

Get the full report on Xace

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

  • 10 other companies its directors have run, named
  • 3 background checks on its contact details, 1 flagged
  • All 8 events in its history

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Xace Limited FCA authorised?
Xace Limited (FRN 902828) is on the FCA register as an agent of an authorised payment or e-money firm. It does not hold its own authorisation: it acts under the principal's, and the principal is responsible for the money.
What is Xace’s phone number and website?
The FCA register lists the phone number 020 3286 0080 and the website xace.co.uk for Xace. If you were given different contact details, use these to check with the firm before going any further.
Is Xace a scam or clone?
Xace 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 Xace?
Xace is an agent, so it does not hold its own FCA authorisation and FSCS does not protect money held by an agent. Your money should be safeguarded by the authorised firm it acts for. You can still refer a complaint to the Financial Ombudsman Service, which may be able to look at it.
Who owns Xace?
Companies House lists 2 people with significant control of Xace: Mr David Hodkinson (25–50% of shares) and Miss Natalie Shoshan (25–50% of shares).
Who runs Xace?
Companies House lists 2 directors of Xace: Natalie Shoshan and David Hodkinson.
How long has Xace been in business?
The company was formed on 28 December 2018.
What do Xace’s latest accounts show?
Its latest accounts, to 31 December 2019, show net assets of £9,580 (no earlier figure to compare).

Sources and links

The full report on Xace Limited

£19.99 · Instant PDF download

Loading secure checkout…