Frugal Business Services Ltd

Reference number: 756523

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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

  • Verified phone number

    020 8316 0704

  • Verified address

    1c Woolwich New Road, London, SE18 6EX, United Kingdom

Company details

From the company's Companies House record.

Company number
09324431
Company status
Active
Company type
Private limited company
Incorporated
24 November 2014 (11 years old)
Registered office
1c Woolwich New Road, Woolwich, London, SE18 6EX
Nature of business
  • Freight transport by road (SIC 49410)
  • Information technology consultancy activities (SIC 62020)
  • Financial intermediation not elsewhere classified (SIC 64999)
  • Other letting and operating of own or leased real estate (SIC 68209)

Current directors and secretaries

Name Role Born Appointed
Peter Osezua Director Apr 1982 24 Nov 2014

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.

    How safeguarding works →

Show FCA detail (1 permission)
  • 6. Money remittance.

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

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 Frugal Business Services Ltd FCA authorised?
Yes, Frugal Business Services Ltd (FRN 756523) is registered with the FCA and permitted to provide its regulated services.
Is my money safe with Frugal Business Services?
Protection depends on which product you hold and how Frugal Business Services handles your money, so check the specific product before you commit. You can also refer complaints about Frugal Business Services to the Financial Ombudsman Service, free of charge.
Is Frugal Business Services a scam or clone?
Frugal Business Services is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is Frugal Business Services's Firm Reference Number (FRN)?
Frugal Business Services's FRN is 756523. You can verify it on the FCA register.