SNAP FINANCE LIMITED
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Next accounts due
2026-09-30 (in 4mo)
Last filed for 2024-12-31
Confirmation statement due
2027-03-27 (in 10mo)
Last made up 2026-03-13
Watchouts
None on the register
Cash
£3M
+27.8% highest in 5 filed years
Net assets
-£7M
-2,324.1% vs 2023
Employees
80
-11.1% vs 2023
Profit before tax
-£8M
-84.3% lowest in 5 filed years
Net assets
7-year trend · vs Financials median
Accounts
7-year trend · latest reflected 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 the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers
Ratios
Computed from the line items above — sparklines read oldest → newest
| Ratio | Trend | 2018-12-31 | 2019-12-31 | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 |
|---|---|---|---|---|---|---|---|---|
| Operating margin | — | — | -10.6% | -12.7% | — | — | — | |
| Net margin | — | — | -18.3% | -20.4% | — | — | — | |
| Return on capital employed | — | — | 10.9% | 12.2% | — | — | — | |
| Interest cover | — | — | -1.38x | -1.65x | — | — | — |
Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.
Audit & accounting basis
- 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 and subsidiary information is drawn from the narrative of the latest annual accounts. 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 |
Public-record activity
Raw counts from Companies House — last 12–24 months
- Filings
- 5
- Capital events
- 0
- Officers appointed
- 0
- Officers resigned
- 0
last 12 months
last 24 months
last 12 months
last 12 months
Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.
Year-on-year
FY2023 → FY2024 · period ending 2024-12-31 vs 2023-12-31
-
Turnover
—
Not reported
-
Cash
+27.8%
£1,977,617 £2,526,717
highest in 5 filed years
-
Net assets
-2,324.1%
£326,832 -£7,269,069
-
Employees
-11.1%
90 80
-
Profit before tax
-84.3%
-£4,120,598 -£7,595,901
lowest in 5 filed years
-
Wages
+11.9%
£4,632,296 £5,182,894
highest in 5 filed years
Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers