Magna Financial Limited

Reference number: 807745

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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 21 February 2020.

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.

  • Last known website

    magnafinancial.co.uk

  • Last known phone number

    020 3371 9966

  • Last known address

    1 Knightsbridge Green, London, London, SW1X 7NE, United Kingdom

Company details

From the company's Companies House record.

Company number
09284056
Company status
Active
Company type
Private limited company
Incorporated
28 October 2014 (11 years old)
Registered office
4th Floor 49 St. James's Street, London, SW1A 1AH, England
Nature of business
  • Management consultancy activities other than financial management (SIC 70229)

Current directors and secretaries

Name Role Born Appointed
Saeed Abbassi Director Mar 1974 23 Apr 2015
Osman Hanif Director Oct 1987 24 Apr 2015

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.

Previously registered as

The FCA register holds one earlier registered name for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • Magna Financial Ltd

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Common questions

Frequently asked questions

Is Magna Financial Limited FCA authorised?
No. Magna Financial Limited (FRN 807745) is still listed on the FCA register, but the record is closed: no longer authorised.
Is my money safe with Magna Financial?
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 Magna Financial has no cover, because it is no longer permitted to carry it out.
Is Magna Financial a scam or clone?
Magna Financial is not currently authorised by the FCA. Be cautious and verify any firm on the FCA register before dealing with it.
What is Magna Financial's Firm Reference Number (FRN)?
Magna Financial's FRN is 807745. You can verify it on the FCA register.