Maji Financial Wellbeing Ltd

Reference number: 1056026

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Introducer appointed representative

This firm can only introduce you to its principal, and cannot give financial advice, recommend products, or arrange deals alone.

Responsible principal firm

Cyclescheme Limited Reference number: 742049 Authorised View firm →
What does this mean?
  • An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own.
  • Maji Financial Wellbeing Ltd (FRN 1056026) introduces customers to Cyclescheme Limited (FRN 742049). Any regulated advice or arranging is done by the principal, not Maji Financial Wellbeing.
  • Example: if Maji Financial Wellbeing refers you to a financial adviser, the advice should come from the principal firm, not from Maji Financial Wellbeing itself.
  • Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.

Same company

This company holds another FCA record

A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.

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
  • Maji

Company details

From the company's Companies House record.

Company number
11937232
Company status
Active
Company type
Private limited company
Incorporated
10 April 2019 (7 years old)
Registered office
37 Oakfield Gardens, Beckenham, BR3 3AY, England
Nature of business
  • Other information technology service activities (SIC 62090)

Current directors and secretaries

Name Role Born Appointed
Sahil Sethi Director Dec 1983 10 Apr 2019
Megan Worthing-Davies Director Oct 1979 10 Apr 2019
Dan Itzhak Schonfeld Director Jun 1972 27 Dec 2023

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Protection through the principal firm
    Protection works through Cyclescheme Limited, the principal firm responsible for this firm's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.

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 Maji Financial Wellbeing Ltd FCA authorised?
Maji Financial Wellbeing Ltd (FRN 1056026) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does introducer appointed representative mean for Maji Financial Wellbeing?
An introducer appointed representative can only pass your details to its principal firm. It cannot recommend products, give financial advice, or arrange deals on its own. Maji Financial Wellbeing Ltd (FRN 1056026) introduces customers to Cyclescheme Limited (FRN 742049). Any regulated advice or arranging is done by the principal, not Maji Financial Wellbeing. Example: if Maji Financial Wellbeing refers you to a financial adviser, the advice should come from the principal firm, not from Maji Financial Wellbeing itself. Before you proceed, confirm contact details match the official FCA register for both firms. Scammers sometimes clone legitimate AR names and FRNs but use fake phone numbers and websites.
Is my money safe with Maji Financial Wellbeing?
Protection works through Cyclescheme Limited, the principal firm responsible for Maji Financial Wellbeing's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Maji Financial Wellbeing a scam or clone?
Maji Financial Wellbeing 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 Maji Financial Wellbeing's Firm Reference Number (FRN)?
Maji Financial Wellbeing's FRN is 1056026. You can verify it on the FCA register.