UK Companies House feature
ACE MONEY TRANSFER LIMITED
Cash
—
Latest balance sheet
Net assets
£24M
+11.4% vs 2023
Employees
341
+30.2% vs 2023
Profit before tax
—
Period ending 2024-12-31
Profile
- Company number
- 04502952
- Status
- Active
- Incorporation
- 2002-08-05
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
4-year trend · vs UK Fintech median
Accounts
4-year trend · latest 2024-12-31
| Metric | Trend | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|
| Turnover | — | — | — | — | |
| Operating profit | — | — | — | — | |
| Profit before tax | — | — | — | — | |
| Net profit | — | — | — | — | |
| Cash | — | £15,650,230 | — | — | |
| Total assets less current liabilities | — | £19,061,551 | — | £23,722,831 | |
| Net assets | — | £19,017,319 | £21,240,473 | £23,654,016 | |
| Equity | £16,290,222 | £19,017,319 | £20,565,335 | £22,175,881 | |
| Average employees | — | 178 | 262 | 341 | |
| Wages | — | — | £1,710,062 | £2,399,251 |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated (group)
- Auditor
- DJH Audit Limited
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.”
Subsidiaries
- ACE Union Limited · 100% held · UK
- ACE Money Transfer Pty. Ltd. · 100% held · Australia
- ACE Properties (Private) Limized · 100% held · Pakistan
- ACE Money Transfer Ltd. · 100% held · Ireland
- Habib Express Limited · 100% held · Canada
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
3 active · 7 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| ALI, Unniza | Secretary | 2025-11-24 | — | — |
| ASHRAF, Aftab | Director | 2002-08-20 | May 1973 | British |
| MEHMOOD, Tariq | Director | 2011-01-25 | Jul 1977 | Irish |
Show 7 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| ANWAR, Mohammad | Secretary | 2003-04-01 | 2007-09-11 |
| ASHRAF, Saima | Secretary | 2007-09-11 | 2011-01-25 |
| PATEL, Farzana | Secretary | 2014-02-04 | 2014-05-31 |
| RASHID, Saima | Secretary | 2002-08-20 | 2003-04-02 |
| HCS SECRETARIAL LIMITED | Corporate Nominee Secretary | 2002-08-05 | 2002-08-07 |
| ASHRAF, Rashid | Director | 2009-06-17 | 2009-08-10 |
| HANOVER DIRECTORS LIMITED | Corporate Nominee Director | 2002-08-05 | 2002-08-07 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Mr Aftab Ashraf | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
| Mr. Rashid Ashraf | Individual | Shares 25–50%, Voting 25–50%, Appoints directors | 2016-04-06 | Active |
Filing timeline
Last 20 of 121 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-06 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2026-02-16 | CH01 | officers | change person director company with change date |
| 2026-01-09 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-11-27 | AP03 | officers | appoint person secretary company with name date |
| 2025-09-24 | AA | accounts | accounts with accounts type group |
| 2025-05-08 | RESOLUTIONS | resolution | resolution |
| 2025-05-08 | MA | incorporation | memorandum articles |
| 2025-05-08 | CC04 | change-of-constitution | statement of companys objects |
| 2025-04-22 | CERTNM | change-of-name | certificate change of name company |
| 2025-04-22 | CONNOT | change-of-name | change of name notice |
| 2025-01-27 | PSC04 | persons-with-significant-control | change to a person with significant control |
| 2025-01-13 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-12-24 | AA | accounts | accounts with accounts type group |
| 2024-12-19 | AD01 | address | change registered office address company with date old address new address |
| 2024-10-18 | AD01 | address | change registered office address company with date old address new address |
| 2024-10-17 | AD01 | address | change registered office address company with date old address new address |
| 2024-01-11 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-10-06 | AA | accounts | accounts with accounts type group |
| 2022-12-31 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-12-05 | AA | accounts | accounts with accounts type group |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory