Newport Services (UK) Limited

Reference number: 540959

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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 1 November 2021.

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

    npsukltd.com

  • Last known phone number

    020 7287 7120

  • Last known address

    UNIT 325, Edinburgh House, 170 Kennington Lane, London, SE11 5DP, United Kingdom

Also trades as
  • CurrencyCo

Company details

From the company's Companies House record.

Company number
06869283
Company status
Active
Company type
Private limited company
Incorporated
3 April 2009 (17 years old)
Registered office
06869283 - COMPANIES HOUSE DEFAULT ADDRESS, Cardiff, CF14 8LH
Nature of business
  • Travel agency activities (SIC 79110)
  • Other business support service activities not elsewhere classified (SIC 82990)

Current directors and secretaries

Name Role Born Appointed
Wenjun Yang Director Jan 1968 30 Aug 2021
Ai Juan Cao Director Jun 1971 1 Nov 2021

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

Action taken against them

1 change to its permissions in 2021. This is part of the official register record and is worth reviewing before going ahead.

  • Permission varied or cancelled on 13 April 2021
    On 13 April 2021, the FCA issued a Second Supervisory Notice against Newport Services (UK) Limited. The reason for this action is because the firm failed to satisfy the Conditions for Authorisation detailed in Regulations 6(6) and 6(7) of the Payment Services Regulations 2017 (and the corresponding provisions of the Payment Services Regulations 2009). As a consequence of the Second Supervisory Notice, the authorisation granted to Newport Services (UK) Limited under Part 2 of the PSR is varied, by removing with immediate effect, the firm’s authorisation to provide payment services. Accordingly, Newport Services (UK) Limited is no longer authorised to provide the money remittance payment service. Link to Notice

Previously registered as

The FCA register holds 2 earlier registered names for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.

  • CurrencyCo Limited
  • I-Pay Worldwide Limited

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Common questions

Frequently asked questions

Is Newport Services (UK) Limited FCA authorised?
No. Newport Services (UK) Limited (FRN 540959) is still listed on the FCA register, but the record is closed: no longer authorised.
Is my money safe with Newport Services (UK)?
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 Newport Services (UK) has no cover, because it is no longer permitted to carry it out.
Is Newport Services (UK) a scam or clone?
Newport Services (UK) is not currently authorised by the FCA. Be cautious and verify any firm on the FCA register before dealing with it.
What is Newport Services (UK)'s Firm Reference Number (FRN)?
Newport Services (UK)'s FRN is 540959. You can verify it on the FCA register.