FINALTO FINANCIAL SERVICES LIMITED

Company number

06557752

Status

Active

Incorporation

2008-04-07

Last accounts made up

2024-12-31

Account category

FULL

Primary SIC

66190

Hubs

UK Fintech

Accounting basis

IFRS

Reporting scope

Standalone (parent only)

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors have considered the Company's ability to continue as a going concern and, having reviewed profit and cash flow forecasts, trading subsequent to the year-end and other appropriate enquiries, management are satisfied that the Company has sufficient resources to continue operating for the foreseeable future, and a period in excess of 12 months from the date of this report. As part of the ICARA process, the 2025 business plan is subject to a number of stress tests based on market and other risks that will likely affect capital and liquidity of the business. The results of the stress tests show the business is well capitalised and has adequate liquidity to continue operating as a going concern. The Company has managed the uncertainty around continuing global events, such as the Russia/Ukraine conflict, conflict in Middle East and the global cost of living crisis, and the global cost of living crisis, and the Directors are confident this will continue to be managed sufficiently. Accordingly, these financial statements have been prepared on a going concern basis.”

Significant events

• “The Company successfully concluded the migration of all remaining and existing clients from its sister company, Finalto Trading Limited ("FT"). This also contributed towards the improved revenue performance year over year and enables all clients to access the same Company's award-winning technology, liquidity and risk management tools.”
• “During the year, the Company also entered in to an agreement with Finalto Trading Limited ("FT"), a fellow group company, to purchase a number of assets and a majority of FT's business, including transferring client and supplier relationships, relevant balances owed and owing, the lease for the UK offices, business records and all other assets and liabilities related to the business. The consideration for the acquisition was $216,550, which represented the carrying value at the time of the transfer.”

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