Source Pay Ltd

Reference number: 1057072

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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

Independent Broking Solutions Limited Reference number: 312026 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.
  • Source Pay Ltd (FRN 1057072) introduces customers to Independent Broking Solutions Limited (FRN 312026). Any regulated advice or arranging is done by the principal, not Source Pay.
  • Example: if Source Pay refers you to a financial adviser, the advice should come from the principal firm, not from Source Pay 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.

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.

  • No website on the FCA register

  • Verified phone number

    020 3048 3650

  • Verified address

    8 Devonshire Square, London, City Of London, EC2M 4YJ, United Kingdom

Company details

From the company's Companies House record.

Company number
11850880
Company status
Active
Company type
Private limited company
Incorporated
27 February 2019 (7 years old)
Registered office
8 Devonshire Square, London, EC2M 4YJ, England
Nature of business
  • Other construction installation (SIC 43290)
  • Accounting and auditing activities (SIC 69201)
  • Bookkeeping activities (SIC 69202)
  • Other business support service activities not elsewhere classified (SIC 82990)

Current directors and secretaries

Name Role Born Appointed
Sabrina Monachello Director Nov 1994 27 Mar 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 Independent Broking Solutions 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 Source Pay Ltd FCA authorised?
Source Pay Ltd (FRN 1057072) 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 Source Pay?
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. Source Pay Ltd (FRN 1057072) introduces customers to Independent Broking Solutions Limited (FRN 312026). Any regulated advice or arranging is done by the principal, not Source Pay. Example: if Source Pay refers you to a financial adviser, the advice should come from the principal firm, not from Source Pay 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 Source Pay?
Protection works through Independent Broking Solutions Limited, the principal firm responsible for Source Pay's regulated activity. FSCS cover and the Financial Ombudsman Service apply as they would to the principal.
Is Source Pay a scam or clone?
Source Pay 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 Source Pay's Firm Reference Number (FRN)?
Source Pay's FRN is 1057072. You can verify it on the FCA register.