XACE Limited

Reference number: 948213

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Authorised by the FCA

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

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

  • When xace.co.uk first appeared online, and whether it can receive email
  • What kind of line 020 3962 4090 is
  • Who else gives the postcode IG8 0HL
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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 (4 permissions)
  • 1. Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account.
  • 2. Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account.
  • 3. Executing payment transactions (no credit line)
  • 6. Money remittance.

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
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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 (5) All events (9)

2022

16 March 2022

  • Regulated by the FCA from this date
  • Became an authorised payment institution

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 9 events

  • All 9 events in its history (5 shown here)
  • Every director appointment and resignation: 4
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Firms connected to Xace

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

connected firms
3
no longer authorised
1
share its postcode
3

In the full report: all 3 connected firms, named

  • How each is linked: the same postcode (3)
  • Who links each one: the named directors, with dates
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Firms like Xace

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

In London

Uber Payments UK LimitedLondonAuthorisedWise Payments LimitedLondonAuthorisedForisgfs UK LimitedLondonAuthorisedWepay Payments Ltd.LondonAuthorisedAirbnb Payments UK LimitedLondonAuthorisedMollie UK Ltd.LondonAuthorised

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 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
  • All 9 events in its history
  • 3 connected firms, named, and who links them

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Frequently asked questions about this firm

Is XACE Limited FCA authorised?
Yes, XACE Limited (FRN 948213) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since March 2022 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
What is Xace’s phone number and website?
The FCA register lists the phone number 020 3962 4090 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?
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 Xace to the Financial Ombudsman Service, free of charge.
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, and has held its current FCA authorisation since March 2022.
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

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