JIK FINANCIAL LTD

Reference number: 1020409

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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.

Also trades as
  • Jik

Company details

From the company's Companies House record.

Concerns on the company record

  • Accounts are overdue at Companies House.
Company number
12656538
Company status
Active
Company type
Private limited company
Incorporated
9 June 2020 (6 years old)
Registered office
Suite 509 Crown House Business Centre, North Circular Road, London, NW10 7PN, England
Nature of business
  • Other information technology service activities (SIC 62090)

Current directors and secretaries

Name Role Born Appointed
Mohamed Yassin Director Mar 1982 9 Jun 2020

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.
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)
  • 5. Issuing and/or acquiring of payment instruments.

Limits on what they may do

  • Agents
    The firm will not onboard any agents.
  • Provision of payment services
    The firm will not provide payment services to an individual who is acting for purposes other than a trade, business or profession.
  • Director or person responsible for management at the firm
    In the event that any director or person responsible for management (PSD individual) ceases to perform managerial functions at the firm, the firm must cease within 90 days - (i) the registering and onboarding of new payment service users; and (ii) the provision of payment services (either directly or via outsourced partners, agents or distributors) to any new customers or payment service users, until the relevant PSD individual notification(s) has been processed by the FCA.

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 JIK FINANCIAL LTD FCA authorised?
Yes, JIK FINANCIAL LTD (FRN 1020409) is registered with the FCA and permitted to provide its regulated services.
Is my money safe with JIK FINANCIAL?
Protection depends on which product you hold and how JIK FINANCIAL handles your money, so check the specific product before you commit. You can also refer complaints about JIK FINANCIAL to the Financial Ombudsman Service, free of charge.
Is JIK FINANCIAL a scam or clone?
JIK FINANCIAL 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 JIK FINANCIAL's Firm Reference Number (FRN)?
JIK FINANCIAL's FRN is 1020409. You can verify it on the FCA register.