Monarch Sterling Limited
Reference number: 977329
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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 30 July 2026.
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.
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No website on the FCA register
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Last known phone number
020 3916 5583
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Last known address
86-90 Paul Street, London, EC2A 4NE, United Kingdom
- Monarch Sterling Financial Services
Company details
From the company's Companies House record.
Concerns on the company record
- Confirmation statement is overdue at Companies House.
- Company number
- 11030037
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 25 October 2017 (8 years old)
- Registered office
- 86-90 Paul Street, London, EC2A 4NE, England
- Nature of business
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- Financial management (SIC 70221)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Oluwaseun Olumayowa Balogun | Director | Jan 1985 | 25 Oct 2017 |
Activities and protection
What the record covers, and how you are protected
- The record is closedCover 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
Action taken against them
1 change to its permissions in 2026. This is part of the official register record and is worth reviewing before going ahead.
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Permission varied or cancelled on 30 July 2026
Name: Monarch Sterling Limited Reference Number: 977329 Type of action: Cancellation “The Authority has cancelled the permission and withdrawn the authorisation of Monarch Sterling Limited (“the Firm”) of 86-90 Paul Street, London, EC2A 4NE. The reason for this action is that the Firm is failing to satisfy the Suitability Threshold Condition. The Authority’s action took effect on 30 July 2026 and a copy of the Final Notice which sets out the reason for the action, is displayed on the Authority’s website and can be accessed using the following link: https://www.fca.org.uk/publication/final-notices/monarch-sterling-limited-2026.pdf As a consequence of this action the Firm is no longer an authorised firm for the purposes of the Financial Services and Markets Act 2000 (“the Act”), and it may not carry on regulated activities which fall within the scope of the Act. ”
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