Crosspay Ltd
Reference number: 720157
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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).
Identity
Check their details
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.
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No website on the FCA register
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Verified phone number
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Verified address
c/o D POSTLES, THE CIVIC CENTRE, BARRAS BRIDGE, Newcastle upon Tyne, NE1 8QF, United Kingdom
Company details
From the company's Companies House record.
Concerns on the company record
- Companies House records this company in liquidation, 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
- 09749104
- Company status
- Liquidation
- Company type
- Private limited company
- Incorporated
- 26 August 2015 (10 years old)
- Registered office
- C/O OPUS RESTRUCTURING LLP, 1 Radian Court Knowlhill, Milton Keynes, MK5 8PJ
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Preethy Kurian | Director | Oct 1974 | 26 Aug 2015 |
| Rakesh Kurian | Director | Aug 1971 | 26 Aug 2015 |
| Sarayu Dharmaraj | Director | Mar 1986 | 16 Oct 2015 |
Activities and protection
What the record covers, and how you are protected
- In an insolvency processMoney 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 (3 permissions)
- 3. Executing payment transactions (no credit line)
- 5. Issuing and/or acquiring of payment instruments.
- 6. Money remittance.
Limits on the record
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Not onboard any new customers
Not onboard any new customers except with the Authority’s prior written consent.
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Not accept any new funds from any payment service users (“PSUs”) for the purposes of providing payment services
Not accept any new funds from any payment service users (“PSUs”) for the purposes of providing payment services, except with the Authority’s prior written consent
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Refrain from providing any regulated payment services (either directly or via outsourced partners) to any existing customers
Refrain from providing any regulated payment services (either directly or via outsourced partners) to any existing customers without the prior written consent of the Authority.
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Not to diminish assets
Not, without the prior written consent of the Authority, in any way dispose of, withdraw, transfer, deal with or diminish the value of any of its own assets, and any funds it holds for, or to the order of, its customers (whether in the United Kingdom or elsewhere), except for: a. Payments in the ordinary and proper course of business; or b. Payments for reasonable advisor fees.
Track record
FCA actions and complaints
No FCA disciplinary action, and no complaints recorded with the Ombudsman.
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Common questions