UK Companies House feature
EXCHANGE4FREE LTD
Cash
£4M
-47.7% vs 2022
Net assets
£1M
-82.4% vs 2022
Employees
43
-17.3% vs 2022
Profit before tax
-£5M
-324.4% vs 2022
Profile
- Company number
- 05150925
- Status
- Active
- Incorporation
- 2004-06-10
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64999
- Hubs
- UK Fintech
Net assets
5-year trend · vs UK Fintech median
Accounts
5-year trend · latest 2023-12-31
| Metric | Trend | 2020-05-31 | 2021-05-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 |
|---|---|---|---|---|---|---|
| Turnover | — | — | — | £6,737,903 | £3,032,166 | |
| Operating profit | — | — | — | -£1,190,942 | -£5,229,679 | |
| Profit before tax | — | — | — | -£1,236,882 | -£5,249,479 | |
| Net profit | — | — | — | — | — | |
| Cash | £11,045,331 | £8,043,142 | £9,501,172 | £8,005,982 | £4,187,144 | |
| Total assets less current liabilities | £4,077,181 | £4,824,742 | £9,186,486 | £8,215,182 | £1,149,012 | |
| Net assets | £4,026,109 | £4,816,644 | £8,136,219 | £6,370,045 | £1,120,566 | |
| Equity | £4,026,109 | £4,816,644 | £8,136,219 | £6,370,045 | £1,120,566 | |
| Average employees | 46 | 45 | 50 | 52 | 43 | |
| Wages | — | — | — | — | — |
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
- IFRS
- Reporting scope
- Standalone (parent only)
- Auditor
- KLSA LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Having duly considered these positive indicators alongside the principal risks and uncertainties applicable to the business, the directors have concluded that it is appropriate to prepare the financial statements on a going concern basis.”
Subsidiaries
- EPAL Technology Limited · 98% held · Nigeria · wound up
- Exchange4Free Seychelles Company · 100% held · Seychelles
Significant events
- “Toward the end of 2024, Exchange4free Limited implemented an employee retrenchment to better align workload with staffing levels.”
- “During the year the Australian branch was deregistered by ASIC under S601CL of the Corporation Act 2001 as the branch was not carrying on business in Australia.”
- “EPAL Technology Limited (Nigeria) was wound up during the year and has been fully impaired.”
- “As of 31 December 2024, the shares of the company are pledged in favour of dLocal Group Limited.”
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 · 5 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| DRYDEN, Callum Douglas Spencer | Director | 2021-08-24 | Oct 1985 | British |
| GOUVEIA, Adam Michel | Director | 2021-08-24 | Jun 1982 | American |
| INUWA, Muhammad | Director | 2021-08-24 | Jul 1982 | Nigerian |
Show 5 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| HORAN, Brendan Patrick | Secretary | 2004-06-10 | 2006-04-30 |
| LAWSON, Mark William | Secretary | 2006-04-01 | 2011-06-11 |
| FILMER, Peter Claude | Director | 2004-06-10 | 2022-08-24 |
| HORAN, Brendan Patrick | Director | 2004-06-10 | 2006-04-30 |
| LAWSON, Mark William | Director | 2005-08-31 | 2022-01-28 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Newurth S.A. | Corporate entity | Shares 75–100% | 2024-03-22 | Active |
| Btc Africa Sa | Corporate entity | Shares 75–100% | 2021-08-24 | Ceased 2024-03-22 |
| Mr Peter Claude Filmer | Individual | Shares 25–50%, ownership-of-shares-25-to-50-percent-as-firm, Voting 25–50% | 2016-06-10 | Ceased 2021-08-24 |
| Mr Mark William Lawson | Individual | Shares 25–50%, Voting 25–50%, right-to-appoint-and-remove-directors-as-firm | 2016-06-10 | Ceased 2021-08-24 |
Filing timeline
Last 20 of 93 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2025-10-04 | AA | accounts | accounts with accounts type full |
| 2025-06-23 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2025-03-07 | AAMD | accounts | accounts amended with accounts type full |
| 2025-03-07 | AAMD | accounts | accounts amended with accounts type full |
| 2025-03-07 | AAMD | accounts | accounts amended with accounts type full |
| 2025-03-07 | AAMD | accounts | accounts amended with accounts type full |
| 2025-03-07 | AAMD | accounts | accounts amended with accounts type full |
| 2024-12-06 | MA | incorporation | memorandum articles |
| 2024-07-22 | AA | accounts | accounts with accounts type total exemption full |
| 2024-06-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-05-10 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2024-05-10 | PSC02 | persons-with-significant-control | notification of a person with significant control |
| 2024-03-27 | AD01 | address | change registered office address company with date old address new address |
| 2023-12-19 | AA | accounts | accounts with accounts type unaudited abridged |
| 2023-06-20 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2022-12-30 | AA | accounts | accounts with accounts type unaudited abridged |
| 2022-09-12 | TM01 | officers | termination director company with name termination date |
| 2022-06-22 | CS01 | confirmation-statement | confirmation statement with updates |
| 2022-05-25 | AA | accounts | accounts with accounts type unaudited abridged |
| 2022-04-27 | DISS40 | gazette | gazette filings brought up to date |
Credit score
Altman Z″ (private-firm) · reference 2023-12-31
-5.33
DISTRESS
Altman Z″
- Working capital / Total assets 0.230 × 6.56 = +1.51
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -1.063 × 6.72 = -7.14
- Book equity / Total liabilities 0.295 × 1.05 = +0.31
Bands: > 2.6 safe · 1.1–2.6 grey · < 1.1 distress. Z″ is a public-formula baseline, not a substitute for adverse-data signals (CCJs, charges, gazette notices) — those land in a later pass.
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory