{"name":"FIRST RATE FX LIMITED","company_number":"05610566","status":"Active","type":"Private Limited Company","incorporated":"2005-11-02","dissolved":null,"registered_office":"Floor 5, Zig Zag Building, 70 Victoria Street, London, England, SW1E 6SQ","postcode":"SW1E 6SQ","sic_codes":[{"code":64999,"description":"Financial intermediation not elsewhere classified"}],"principal_activity":null,"previous_names":[],"warnings":["The most recent accounts indicate this company is dormant and not trading."],"accounts":{"category":"Dormant","year_end":"31 December","last_made_up_to":"2025-12-31","next_due":"2027-09-30"},"employees":null,"financials":[{"financial_date":"2017-12-31","profit_loss":105393,"net_assets":734232,"cash":8143162},{"financial_date":"2016-12-31","profit_loss":370827,"net_assets":738880,"cash":371779}],"officers":{"current":1,"resigned":11,"complete":true,"note":"Names and details of individual officers are on the People page (subscriber-only on this site) and free at Companies House."},"charges":{"total":2,"outstanding":2},"gazette_notices":[],"insolvency_outcome":null,"ai_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.","website":"http://www.firstratefx.com","links":{"page":"https://www.companiesintheuk.co.uk/ltd/first-rate-fx","people":"https://www.companiesintheuk.co.uk/company/first-rate-fx/people","filing_history":"https://www.companiesintheuk.co.uk/company/first-rate-fx/filing-history","companies_house":"https://find-and-update.company-information.service.gov.uk/company/05610566","financials":"https://www.companiesintheuk.co.uk/company/first-rate-fx/financial","control":"https://www.companiesintheuk.co.uk/company/first-rate-fx/control","charges":"https://www.companiesintheuk.co.uk/company/first-rate-fx/charges","ai_analysis":"https://www.companiesintheuk.co.uk/company/first-rate-fx/analysis"},"source":"CompaniesInTheUK, from Companies House, The Gazette and other public registers (see /support/about). Cite as: CompaniesInTheUK, https://www.companiesintheuk.co.uk/ltd/first-rate-fx"}