FIRST RATE FX LIMITED
Company number 05610566 · Monitor this company
The most recent accounts indicate this company is dormant and not trading.
Executive summary
First Rate FX Limited executed a successful build-and-sell strategy in the financial intermediation sector, scaling to £10.6M in assets with £8.1M cash before being acquired by TTT Moneycorp in 2018. The company's competitive advantages—institutional backing, operational scalability, and a strong cash position—enabled a clean strategic exit, though its thin equity buffer and key-person dependencies limited long-term independent viability. The company's lifecycle demonstrates the value of positioning for consolidation in fragmented financial services markets.
Shareholders' funds
£734,232
Balance sheet as at 2017-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2005-11-02
- Registered office
- Floor 5, Zig Zag Building, 70 Victoria Street, London, England, SW1E 6SQ
- Postcode
- SW1E 6SQ
- Capital
- 2,363 GBP
- Accounts category
- Dormant
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2025-12-31
- Next due by
- 2027-09-30
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2026-09-26
- Next due by
- 2027-10-10
Nature of business (SIC)
- 64999 Financial intermediation not elsewhere classified
Officers 1 current · 11 resigned
Group structure
Controlled by BRIDGEPOINT ADVISERS LIMITED — since 2018-01-31
Controlled by BRIDGEPOINT EUROPE (SGP) LTD — since 2018-01-31
From persons-with-significant-control filings on the public register.
Contact details
- Website
- http://www.firstratefx.com
Previous registered addresses 6
| Address | Changed on |
|---|---|
| DOCKLANDS BUSINESS CENTRE, 10-16 TILLER ROAD, DOCKLANDS, LONDON, E14 8PX | 2020-03-26 |
| LEVEL 35, 25 CANADA SQUARE, LONDON, E14 5LQ | 2019-10-01 |
| LEVEL 32 25 CANADA SQUARE, LONDON, E14 5LQ, ENGLAND | 2014-05-12 |
| 249 CRANBROOK ROAD, ILFORD, ESSEX, IG1 4TG | 2014-01-20 |
| LEVEL 32 25 CANADA SQUARE, CANARY WHARF, LONDON, E14 5LQ, ENGLAND | 2013-11-06 |
| LEVEL 33 25 CANADA SQUARE, CANARY WHARF, LONDON, E14 5LQ | 2011-08-25 |
Among its peers
Top 25%
by shareholders' funds, of 637 similar companies in SW
Among the oldest 25% of its local peers, trading since 2005.
Competitors London
This company ranks 94 among financial intermediation not elsewhere classified in London.
The class of 2005
34%
of the 1,435 companies in this sector incorporated in 2005 are still active today; 64% have since been dissolved.
A fact about the year, not a forecast for this company.
This company's registered activities are in financial services. If it carries on regulated business, it should appear on the FCA's Financial Services Register — the official record of authorised firms.