UK Companies House feature
SNAP FINANCE LIMITED
Cash
£3M
+27.8% vs 2023
Net assets
-£7M
-2,324.1% vs 2023
Employees
80
-11.1% vs 2023
Profit before tax
-£8M
-84.3% vs 2023
Profile
- Company number
- 08080202
- Status
- Active
- Incorporation
- 2012-05-23
- Last accounts made up
- 2024-12-31
- Account category
- FULL
- Primary SIC
- 64921
- Hubs
- UK Fintech
Net assets
7-year trend · vs UK Fintech median
Accounts
7-year trend · latest 2024-12-31
| Metric | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Turnover | — | — | £11,793,221 | £12,732,728 | — | — | — | |
| Operating profit | — | — | -£1,252,227 | -£1,612,878 | — | — | — | |
| Profit before tax | — | — | -£2,159,257 | -£2,591,788 | -£1,834,314 | -£4,120,598 | -£7,595,901 | |
| Net profit | — | — | -£2,159,257 | -£2,591,788 | -£1,834,314 | -£4,120,598 | -£7,595,901 | |
| Cash | — | — | £1,021,523 | £1,257,634 | £1,164,929 | £1,977,617 | £2,526,717 | |
| Total assets less current liabilities | — | — | -£11,468,671 | -£13,195,923 | £5,177,884 | £22,508,985 | £36,469,191 | |
| Net assets | — | — | -£11,468,671 | -£14,060,459 | £4,447,430 | £326,832 | -£7,269,069 | |
| Equity | -£3,940,269 | -£9,309,414 | -£11,468,671 | -£14,060,459 | £4,447,430 | £326,832 | -£7,269,069 | |
| Average employees | — | — | 79 | 86 | 100 | 90 | 80 | |
| Wages | — | — | £3,093,238 | £3,498,221 | £4,451,294 | £4,632,296 | £5,182,894 |
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
- Standalone (parent only)
- Auditor
- BKL Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“Based on these assessments and after making appropriate enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for at least 12 months from the date of approval of these financial statements. Accordingly, the financial statements have been prepared on a going concern basis. In addition, the company has received a letter of support from its ultimate parent, Snap US Holdings LLC, confirming that it will provide the financial support necessary to enable the company to meet its obligations as they fall due for a period of at least 12 months from the date of approval of these financial statements.”
Significant events
- “In 2024, the business enhanced its pricing model by introducing a customer-centric, rate-for-risk structure designed to promote fairness, transparency, and affordability.”
- “Snap's approach to credit decisioning continues to lead the market, enabling the business to approve more customers responsibly through advanced, data-driven methods.”
- “In 2024, Snap undertook a series of targeted initiatives to drive growth and strengthen its market position.”
- “As part of its ongoing change programme, Snap made further progress in enhancing integration for commercial partners. Key initiatives included the launch of e-commerce plugins most notably the Shopify integration in Q1 2024.”
- “In 2024, Snap strengthened its Risk Management Framework and enhanced risk reporting to support business resilience and long-term sustainability.”
- “During 2024, Snap strengthened its leadership and governance structure through key Board and executive appointments.”
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
5 active · 2 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| CROSSLEY, Denise | Director | 2024-10-01 | Aug 1961 | British |
| HAWKINS, Matthew Lane | Director | 2017-09-14 | Apr 1975 | American |
| MURPHY, Mark Antony | Director | 2024-10-01 | Feb 1966 | British |
| SHEEHAN, Anthony | Director | 2024-10-04 | Jun 1982 | Irish |
| SMITH, Andrew Alan | Director | 2014-12-19 | May 1978 | British |
Show 2 resigned officers
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| BRUNAULT, Mark Andrew | Director | 2017-09-14 | 2024-09-30 |
| CROFT, Andrew Graeme | Director | 2012-05-23 | 2017-05-18 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Snap Finance Uk (Group) Limited | Corporate entity | Shares 75–100%, Voting 75–100%, Appoints directors | 2017-09-14 | Active |
| Snap Finance Uk (Group) Limited | Corporate entity | Shares 75–100% | 2017-03-13 | Ceased 2023-03-24 |
Filing timeline
Last 20 of 59 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-17 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2026-03-06 | AD02 | address | change sail address company with old address new address |
| 2026-03-04 | AD03 | address | move registers to sail company with new address |
| 2025-12-29 | MR04 | mortgage | mortgage satisfy charge full |
| 2025-07-18 | AA | accounts | accounts with accounts type full |
| 2025-04-29 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2024-10-25 | AA | accounts | accounts with accounts type full |
| 2024-10-16 | AP01 | officers | appoint person director company with name date |
| 2024-10-16 | AP01 | officers | appoint person director company with name date |
| 2024-10-16 | AP01 | officers | appoint person director company with name date |
| 2024-10-16 | TM01 | officers | termination director company with name termination date |
| 2024-04-23 | CS01 | confirmation-statement | confirmation statement with no updates |
| 2023-10-03 | AA | accounts | accounts with accounts type full |
| 2023-03-24 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-03-24 | PSC07 | persons-with-significant-control | cessation of a person with significant control |
| 2023-02-14 | AA | accounts | accounts with accounts type full |
| 2023-01-14 | RESOLUTIONS | resolution | resolution |
| 2023-01-14 | RESOLUTIONS | resolution | resolution |
| 2023-01-10 | SH01 | capital | capital allotment shares |
| 2022-03-14 | CS01 | confirmation-statement | confirmation statement with no updates |
Credit score
Altman Z″ (private-firm) · reference 2024-12-31
4.77
SAFE
Altman Z″
- Working capital / Total assets 0.897 × 6.56 = +5.88
- Retained earnings / Total assets 0.000 × 3.26 = +0.00
- EBIT / Total assets -0.141 × 6.72 = -0.95
- Book equity / Total liabilities -0.155 × 1.05 = -0.16
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
Composite activity score · components 0–100 · reference 2026-05-10
16.2
COLD
/ 100
- Filings velocity 42
- Capital events 0
- Officer churn 0
- Headcount trajectory 39
- Accounts trajectory 0
- 5 filing(s) in last 12 months
- Employees -11% YoY
- Net Assets -2324% YoY