Monese Ltd

Reference number: 1031974

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Appointed representative

This firm does not hold FCA authorisation of its own. It acts under a principal firm, which is legally responsible for its regulated business.

Responsible principal firm

Steadypay Limited Reference number: 789333 Authorised View firm →
What does this mean?
  • An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct.
  • Monese Ltd (FRN 1031974) is an AR of Steadypay Limited (FRN 789333). When you use Monese's services, the FCA authorisation sits with the principal firm.
  • Example: if you take financial advice from Monese, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances.
  • 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
  • Monese.com

Company details

From the company's Companies House record.

Company number
08720992
Company status
Active
Company type
Private limited company
Incorporated
7 October 2013 (12 years old)
Registered office
Eagle House, 163 City Road, London, EC1V 1NR, England
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Virraj Bharatkumar Jatania Director Mar 1988 17 Dec 2024
Malcolm Le May Director Jan 1958 17 Dec 2024
Mark Newton-Jones Director May 1967 17 Dec 2024
Denis Shafranik Director Jun 1981 17 Dec 2024

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 Steadypay 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.

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.

  • Monese Limited

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Common questions

Frequently asked questions

Is Monese Ltd FCA authorised?
Monese Ltd (FRN 1031974) is not directly authorised. It is an appointed representative acting under the responsibility of a directly authorised principal firm.
What does appointed representative mean for Monese?
An appointed representative (AR) can carry out regulated financial services, but is not directly authorised by the FCA. A principal firm holds the authorisation and is legally responsible for the AR's conduct. Monese Ltd (FRN 1031974) is an AR of Steadypay Limited (FRN 789333). When you use Monese's services, the FCA authorisation sits with the principal firm. Example: if you take financial advice from Monese, complaints and compensation usually follow the same rules as dealing with the principal, but this depends on the product and your circumstances. 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 Monese?
Protection works through Steadypay Limited, the principal firm responsible for Monese's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Monese a scam or clone?
Monese 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 Monese's Firm Reference Number (FRN)?
Monese's FRN is 1031974. You can verify it on the FCA register.