---
title: "Credec Limited SWIFT/BIC code CDECGB2LXXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised Payment Institution (FCA). SWIFT/BIC code CDECGB2LXXX for Credec Limited, United Kingdom. Head-office BIC."
url: https://elucidate.co/directory/credec-limited-cdecgb2l
---
1. [Directory](https://elucidate.co/directory)
2. [United Kingdom](https://elucidate.co/directory/country/gb)
3. Credec Limited
United Kingdom · Payments & e-money
# Credec Limited
CreDec Limited is a private limited company registered in England and Wales, with its registered office in London. The Financial Conduct Authority (FCA) authorises it as an authorised payment institution under firm reference number 815633. HM Revenue & Customs (HMRC) supervises it as a money service business for anti-money laundering purposes. Ardohr Limited holds 75% or more of its shares, and its 2025 accounts name Credec Group Limited as ultimate controlling party from 28 March 2025.
Register status
Licensed in the United Kingdom
Authorised Payment Institution · FCA
Prudential licence
[2 licences and registrations ↓](https://elucidate.co/directory/credec-limited-cdecgb2l#licences)
BIC **CDECGB2LXXX** LEI **[875500EJ3V0YFKDFK109](https://search.gleif.org/#/record/875500EJ3V0YFKDFK109)** [Licence no. **815633**](https://elucidate.co/directory/credec-limited-cdecgb2l#licences) Connected to Swift Head-office BIC only [Claim this profile](https://elucidate.co/directory/credec-limited-cdecgb2l#claim)
## Licences and registrations
Held by Credec Limited (LEI 875500EJ3V0YFKDFK109). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 815633 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-09-05 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
| [HMRC MLR Supervised Business Register](https://elucidate.co/directory/register/hmrc-mlr) HMRC Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Money Service BusinessMoney Transmitter / Remittance | XGML00000191365 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2024-05-15 | — | - Money remittance | [Search the register ↗](https://www.gov.uk/guidance/money-laundering-regulations-supervised-business-register) |
Trading names on the register: CREDEC (FCA-PSD, HMRC-MLR)
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
## Swift network
Swift’s ISO 9362 BIC directory
- **BIC:** CDECGB2LXXX head office
- **Connection to Swift:** Connected to Swift
- **Swift GPI:** Not on the member list
- **Payment schemes and systems:** No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- **Branch codes:** None: head-office BIC only
- **BIC first registered:** 2018-07-01
- **Last updated:** 2024-02-28
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/credec-limited-cdecgb2l#overview-sources)
Customers
Not published
Employees
2
headcount · This entity · 30 Jun 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/10821006/filing-history/MzQ4MTc1OTA0MmFkaXF6a2N4/document?format=pdf&download=0)
Ownership
Group subsidiary
Ardohr Limited
Firm type
Payment infrastructure
Trades as CreDec
- **Ownership:** Ardohr Limited (Companies House 03156714) holds 75% or more of the shares and voting rights, and the firm's accounts name Credec Group Limited (Companies House 15727856) as ultimate controlling party from 28 March 2025.
- **Direct parent:** Ardohr Limited, United Kingdom
- **Ultimate owner:** Credec Group Limited, United Kingdom
- **Head office:** 21 Young Street, EH2 4HU Edinburgh, United Kingdom (registered office: 22 Baker Street, London, W1U 3BW, United Kingdom)
- **Company register:** Companies House 10821006
- **Incorporated:** 15 Jun 2017
- **Founder:** Alex Meynell
### Online
- **Websites & references:** [credec.com ↗](https://www.credec.com/) did not load when checked [portal.credec.com ↗](https://portal.credec.com/) customer portal (sign-in)
- **Official social accounts:** None found
Sources · 14 pages consulted
1. [register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CXC7](https://register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CXC7)
2. [register.fca.org.uk/s/firm?id=0010X00004ETnBTQA1](https://register.fca.org.uk/s/firm?id=0010X00004ETnBTQA1)
3. [find-and-update.company-information.service.gov.uk/company/10821006](https://find-and-update.company-information.service.gov.uk/company/10821006)
4. [find-and-update.company-information.service.gov.uk/company/10821006/officers](https://find-and-update.company-information.service.gov.uk/company/10821006/officers)
5. [find-and-update.company-information.service.gov.uk/company/10821006/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/10821006/persons-with-significant-control)
6. [find-and-update.company-information.service.gov.uk/company/10821006/filing-history](https://find-and-update.company-information.service.gov.uk/company/10821006/filing-history)
7. [find-and-update.company-information.service.gov.uk/company/10821006/filing-history/MzQ4MTc1OTA0MmFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/10821006/filing-history/MzQ4MTc1OTA0MmFkaXF6a2N4/document?format=pdf&download=0)
8. [find-and-update.company-information.service.gov.uk/company/15727856](https://find-and-update.company-information.service.gov.uk/company/15727856)
9. [wearepay.uk/what-we-do/payment-systems/faster-payment-system/payment-system-participant-list/](https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/payment-system-participant-list/)
10. [bankofengland.co.uk/-/media/boe/files/payments/chaps/annual-summary-of-payment-statistics-2018](https://www.bankofengland.co.uk/-/media/boe/files/payments/chaps/annual-summary-of-payment-statistics-2018)
11. [business-money.com/announcements/new-credec-virtual-account-helps-smes-bypass-the-banks/](https://www.business-money.com/announcements/new-credec-virtual-account-helps-smes-bypass-the-banks/)
12. [apps.xero.com/uk/app/credec](https://apps.xero.com/uk/app/credec)
13. [ico.org.uk/ESDWebPages/Entry/ZB502740](https://ico.org.uk/ESDWebPages/Entry/ZB502740)
14. [portal.credec.com/](https://portal.credec.com/)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/credec-limited-cdecgb2l#overview-sources)
- **Operates under:** Its own licences
The FCA authorises the firm as an authorised payment institution under the Payment Services Regulations (firm reference number 815633). HMRC also registers it as a money service business under the Money Laundering Regulations.
| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 815633 | In its own name | Active | [register.fca.org.uk ↗](https://register.fca.org.uk/s/firm?id=0010X00004ETnBTQA1) |
| HM Revenue & Customs United Kingdom | Money Service Business (Money Transmitter / Remittance) | XGML00000191365 | In its own name | Active | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
## Partners and safeguarding
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/credec-limited-cdecgb2l#overview-sources)
- **Safeguarding:** Not disclosedThe firm states that customers' funds are always held by their existing bank providers or paid on to payees. It does not publish a safeguarding arrangement. [apps.xero.com ↗](https://apps.xero.com/uk/app/credec)
- **Payment schemes and card networks:** Faster Payments Direct [wearepay.uk ↗](https://www.wearepay.uk/what-we-do/payment-systems/faster-payment-system/payment-system-participant-list/) Bacs Access not stated [apps.xero.com ↗](https://apps.xero.com/uk/app/credec)
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
## Products and markets
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/credec-limited-cdecgb2l#overview-sources)
- Domestic payments
- Payouts and mass payments
It sells a payments automation service for businesses and their accountants and bookkeepers. The service sends Bacs and Faster Payments from cloud accounting software such as Xero, funded from the customer's existing bank account.
It serves businesses in the United Kingdom under its FCA authorisation.
- **Sells to:** Small businesses · Other
- **Serves customers in:** United Kingdom
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/credec-limited-cdecgb2l#overview-sources)
- **Chief executive:** Alexander Michael Meynell Director; described as CEO and founder in company announcements Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10821006/officers)
- **Executive:** Craig Farquhar Eadie Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10821006/officers)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/credec-limited-cdecgb2l#overview-sources)
1. Mar 2025
Merger / acquisition
Credec Group Limited became the firm's ultimate controlling party on 28 March 2025, according to its accounts for the year to 30 June 2025.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/10821006/filing-history/MzQ4MTc1OTA0MmFkaXF6a2N4/document?format=pdf&download=0)
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
## Identifiers
Head-office record
- **BIC:** CDECGB2LXXX
- **How the BIC breaks down:** 1. CDEC Bank 2. GB Country · United Kingdom 3. 2L Location 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 875500EJ3V0YFKDFK109
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/875500EJ3V0YFKDFK109)
- **Licence no. · FCA-PSD:** 815633
- **Licence no. · HMRC-MLR:** XGML00000191365
- **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file. Register entries: Matched by Elucidate on the UK company number the register gives.
- **Register-entry ID:** a09d5bd1a39d
- **Companies House no.:** [10821006 ↗](https://find-and-update.company-information.service.gov.uk/company/10821006)
## Profile
- **Type:** Payments & e-money · Money service business
- **Regulation:** Prudential licence
- **Register licences:** [2 entries on 2 registers](https://elucidate.co/directory/credec-limited-cdecgb2l#licences)
- **Activities:** - Payment services - Money remittance
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [www.credec.com ↗](https://www.credec.com/)
- **Country · region:** United Kingdom · Europe & Central Asia
- **Trading venues (MIC):** No MIC registered under this LEI list of 2026-09-17
- **OFAC sanctions:** No listing cites this BIC
- **EU sanctions:** No listing matched this BIC or its LEI
- **Country sanctions:** No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
## Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
## Persons with significant control
Companies House · company [10821006 ↗](https://find-and-update.company-information.service.gov.uk/company/10821006) · as at 9 October 2026
Companies House lists 1 person with significant control for Credec Limited: 1 company.
| Name | Type | Nature of control | Notified |
| --- | --- | --- | --- |
| [Ardohr Limited ↗](https://find-and-update.company-information.service.gov.uk/company/03156714) | Company · UK | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 15 June 2017 |
| [Credec Group Limited ↗](https://find-and-update.company-information.service.gov.uk/company/15727856) | Company · UK · through Ardohr Limited | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 28 March 2025 |
| Alexander Michael Meynell | Individual · through Credec Group Limited | 50–75% of votes · Can appoint or remove directors | 18 May 2024 |
| [Fairnielaw Ltd ↗](https://find-and-update.company-information.service.gov.uk/company/SC243053) | Company · UK · through Credec Group Limited | 25–50% of shares | 28 March 2025 |
| Alison Johnston | Individual · through Fairnielaw Ltd | 25–50% of shares | 29 January 2017 |
| David Melville Steele Johnston | Individual · through Fairnielaw Ltd | 25–50% of shares | 29 January 2017 |
Companies report persons with significant control to Companies House. Elucidate has not verified them.
A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown.
Matched on the Companies House number that the FCA register gives for this firm.
[See the register at Companies House ↗](https://find-and-update.company-information.service.gov.uk/company/10821006/persons-with-significant-control)
## Addresses
- **Registered address:** 22 BAKER STREET LONDON W1U 3BW UNITED KINGDOM
- **Operational address:** 22 BAKER STREET LONDON LONDON W1U 3BW UNITED KINGDOM
## ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- **Identified by:** BIC, with its LEI
- **Roles in CBPR+:** Any agent, including the instructing and instructed agents
### CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
```xml
CDECGB2LXXX
875500EJ3V0YFKDFK109
```
### Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
```xml
CDECGB2LXXX
875500EJ3V0YFKDFK109
CREDEC LIMITED
LONDON
GB
22 BAKER STREET LONDON W1U 3BW
```
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
## Related institutions
### Other payments & e-money institutions in the United Kingdom
- [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l)
- [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725)
- [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392)
- [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l)
- [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22)
- [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896)
- [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5)
- [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb)
[See all →](https://elucidate.co/directory/search?type=payments&cc=GB)
Claim this profile
## Work at Credec Limited?
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2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days.
3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
[Read the methodology →](https://elucidate.co/directory/methodology)
Credits for this page
- **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) as at 25 September 2026
- **HMRC MLR Supervised Business Register**—HM Revenue & Customs (HMRC) · [register ↗](https://www.gov.uk/guidance/money-laundering-regulations-supervised-business-register) as at 24 September 2026
- **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) as at 9 October 2026
- **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- **Images**—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: [credec.com](https://www.credec.com/) (official website) · [original](https://www.credec.com/images/icons/CreDec-iPad-Iconx2.png).
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Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.