Direct Money Exchange Ltd

Reference number: 592249

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No longer authorised

This firm is still listed on the FCA register, but the record is closed. Cover on business done while it was authorised generally still applies, and it cannot take on new regulated business. Authorisation ended 16 December 2022.

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.

  • No website on the FCA register

  • Last known phone number

    01922 620800

  • Last known address

    Unit 8, 85 Caldmore Road, Walsall, West Midlands, WS1 3NR, United Kingdom

Also trades as
  • Direct Accessories

Company details

From the company's Companies House record.

Concerns on the company record

  • Companies House records this company as dissolved.
Company number
08195651
Company status
Dissolved
Company type
Private limited company
Incorporated
30 August 2012 (13 years old)
Registered office
Unit 8 85 Caldmore Road, Walsall, Uk, WS1 3NR
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Madan Gopal Director Oct 1963 30 Aug 2012

Check on the FCA register → Report a scam →

Activities and protection

What the record covers, and how you are protected

  • The record is closed
    Cover you already have generally survives the cancellation: FSCS exists for firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading, as long as the business was done while it was authorised. New business with this firm has no cover at all, because it is no longer permitted to carry it out.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

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Common questions

Frequently asked questions

Is Direct Money Exchange Ltd FCA authorised?
No. Direct Money Exchange Ltd (FRN 592249) is still listed on the FCA register, but the record is closed: no longer authorised.
Is my money safe with Direct Money Exchange?
Money you handed over while it was authorised generally keeps its protection: FSCS covers firms that have failed, and the Financial Ombudsman Service can look at a complaint about a firm that has stopped trading. New business with Direct Money Exchange has no cover, because it is no longer permitted to carry it out.
Is Direct Money Exchange a scam or clone?
Direct Money Exchange is not currently authorised by the FCA. Be cautious and verify any firm on the FCA register before dealing with it.
What is Direct Money Exchange's Firm Reference Number (FRN)?
Direct Money Exchange's FRN is 592249. You can verify it on the FCA register.